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Impact of Foreign Direct Investment on Human Development Index in Nigeria

Even the perceived threat of FDI to the sovereignty of host nations has not been sufficient to hinder the incentive of developing countries to attract multinational enterprises (MNEs).[...]these developments have led to a rapid growth of FDI inflow especially to the developing world (United Nations...

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Bibliographic Details
Published in:Business and economics research journal 2018-02, Vol.9 (1), p.1-14
Main Authors: Gökmenoğlu, Korhan K, Apinran, Martins Olugbenga, Taşpınar, Nigar
Format: Article
Language:English
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Summary:Even the perceived threat of FDI to the sovereignty of host nations has not been sufficient to hinder the incentive of developing countries to attract multinational enterprises (MNEs).[...]these developments have led to a rapid growth of FDI inflow especially to the developing world (United Nations Conference on Trade and Development (UNCTAD), 2011).According to the ADF and PP unit root test results, all of the variables are not stationary at their level forms, which means the null hypothesis of non-stationarity cannot be rejected at level forms of the variables.Variables become stationary when the first differences are taken and said to be integrated of order one, /(1).[...]the long-run equilibrium relationship between the variables conducted in the study is investigated using the Johansen (1988) cointegration test.[...]FDI has a positive contribution on education and income in Nigeria, while it has a negative effect on public health, according to the DOLS estimates.
ISSN:1309-2448
DOI:10.20409/berj.2018.90