Foreign Direct Investment (FDI)and Economic Growth in Emerging Markets: Focus on Nigeria

This book is based on a research that examines Foreign Direct Investment (FDI) and economic growth in emerging market economies with a focus on Nigeria. The research employed an OLS regression method to analyse a thirty year data from 1979 to 2009. Seven variables were selected for the study including human capital development, gross capital formation, life expectancy, electricity power consumption per capita, and trade openness with a view to ascertaining the key elements that influences FDI flows and impact on GDP growth in Nigeria. The GDP growth rate is adopted as the measure for economic growth. The outcome of the study is very interesting.