A Developing Country’s Absorptive Capacity: The Link between FDI and Economic Growth in Nigeria - Open Access Library Journal

OALibJ > Vol.2 No.11, November 2015

Open Access Library Journal

Volume 2, Issue 11 (November 2015)

ISSN Print: 2333-9705 ISSN Online: 2333-9721

Google-based Impact Factor: 0.73 Citations

A Developing Country’s Absorptive Capacity: The Link between FDI and Economic Growth in Nigeria ()

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DOI: 10.4236/oalib.1102137 1,574 Downloads 3,850 Views Citations

Author(s)

Uyiosa Omoregie

Affiliation(s)

Corporate Planning Department, Brass LNG Limited, Lagos, Nigeria.

ABSTRACT

Developing countries’ surest route to sustained poverty reduction is economic growth. Policymakers encourage foreign direct investment (FDI) for the enhancement of productivity in-country and the promotion of economic development, through the “multiplier” effect. It is generally agreed among researchers that local conditions (absorptive capacities) are important factors contributing to the effect of FDI on economic growth. FDI has contributed to output growth in Nigeria, especially in the petroleum sector, where even more FDI should now be encouraged through investor incentives. However, the efficacy of FDI in generating the desired growth may be limited by the level of infrastructural and human capital development in Nigeria.

KEYWORDS

Foreign Direct Investment, Absorptive Capacity, Economic Growth, Gross Domestic Product, Nigeria

Share and Cite:

Omoregie, U. (2015) A Developing Country’s Absorptive Capacity: The Link between FDI and Economic Growth in Nigeria. Open Access Library Journal, 2, 1-6. doi: 10.4236/oalib.1102137.

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[4]	Araştırma-Geliştirme Harcamaları ve Ekonomik Büyüme İlişkisi: Yükselen Piyasalar Ekonomileri İçin Bir Uygulama
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[5]	Nigeria's Petroleum Sector and GDP-the Missing Oil Refining Link
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