By: Austin Ayodele Momodu, Victor Akidi, Bridget Ifeoma Akosa
Pages: 1–19, Volume: 2, Number: 1
Published by: AEFUNAI Journal of Economics, Finance and Development Studies, Alex Ekwueme Federal University, Ndufu-Alike, 1/1/2025, 2025
ISSN (Electronic): 2536-6742
DOI:
Foreign Sector and The Nigeria's Economy: An Autoregressive Distributed Lag Analysis
Abstract:
This study evaluates the impact of foreign sector variables on Nigeria’s economic growth from 1986 to 2022. Using the Autoregressive Distributed Lag (ARDL) approach, the study finds that foreign direct investment, trade openness, and exchange rate stability have significant long-run positive effects on GDP growth. The findings suggest that the government should create an enabling environment for foreign investors and implement policies that promote export diversification to maximize the benefits of international trade.
Keywords: Foreign Direct Investment, Trade openness, Exchange rate stability, ARDL, Economic growth
How to Cite
Momodu, A. A., Akidi, V., & Akosa, B. I. (2025). Foreign Sector and The Nigeria’s Economy: An Autoregressive Distributed Lag Analysis. AEFUNAI Journal of Economics, Finance and Development Studies (AEFUNAI-JEFDS), Vol. 2(1), 1–19.
Creative Commons Attribution 4.0 International License (CC BY 4.0)
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