effect of FDI Net Inflow on the GDP growth rate: 1990-2021

Abstract

Purpose: This study examines the impact of foreign direct investment (FDI) on the gross domestic product (GDP) growth rate in Nigeria from 1990 to 2021. Research methodology: This study employed time-series data from the World Bank’s World Development Indicator Database to ensure data homogeneity. The data were assessed for stationarity using the ADF unit root test. All the data were stationary after the first difference. The hypothesis was tested using ordinary least squares (OLS) with BLUE properties. Results: The study finds a significant positive effect of foreign direct investment net inflow on GDPGR (p