Nigerian Economic Society
Hi Guest,
Home | Paper Submission | Signup |
Providing intellectual leadership in economic management in Nigeria



Abstract: There is a great debate on the impact of foreign direct investment (FDI) on unemployment. Some scholars are of the view that FDI increases unemployment in the host economy, while others argue that FDI is key to reducing the unemployment rate. This paper therefore empirically investigated the FDI-unemployment nexus in Nigeria for the period 1981 to 2016. Data was sourced from the Central Bank of Nigeria Statistical Bulletin (2016) and the World Bank database. The study employed the Johansen cointegration test and the Error Correction Model to establish that FDI has an inverse relationship with the unemployment rate in Nigeria, making FDI a necessary tool for tackling the unemployment challenge of the country. Findings also revealed that there is a long-run relationship between the variables in the model, and the model has a speed of adjustment of about 46%. Therefore, it is recommended, amongst other things, that FDI should be directed to sectors such as Agriculture and Manufacturing that are able to employ a major percentage of the unemployed in the economy.

JEL classification: F21, F43, C23, O47

Price: N500.00 | Add to cart




Forget password? | Signup for Free!
Note: You must signup your email and create a password before you can register as an NES member

Latest News

2020 NES PhD Thesis Prize Award Winners

The Executive Council of the NES is pleased to announce the winners of 2020 NES Thesis Prize Award. more

NES Webinar on Covid-19 and the Nigerian Economy - Press Release

The Nigerian Economic Society (NES) in its Monthly Webinar series on the Nigerian economy hosted more

NES PhD THESIS PRIZE AWARD: Call for Submissions

The Executive Council of the Nigerian Economic Society (NES) hereby announces the call for more

Policy Brief on The Nigerian Fuel Subsidy Puzzle: Facts, Fallacies and the Way Forward

Background The issue of the appropriate pricing of petroleum products in Nigeria, of which fuel more

2019 Election of New Council of the Nigerian Economic Society

The Executive Council of NES hereby informs its members that at the Business Session of 2019 Annual more

2019 Nigerian Economic Society Annual Public Lecture Announcement

The Executive Council of NES has the pleasure to announce it's 2019 Annual Public Lecture with the more

E-Mail Subscription