THE MULTIDIMENSIONALITY FOREIGN DIRECT INVESTMENT’S IMPACT ON THE ECONOMY
Foreign direct investment (FDI) has been a crucial inflow source for many economies. The contribution of FDI to growth has continued to generate extensive debates. The debate centered on channels through which FDI may enhance technological diffusion through spillover effect of knowledge and new cap...
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| Format: | Article |
| Language: | English |
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Department of Accounting and Finance, Federal University Gusau
2025-01-01
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| Series: | Gusau Journal of Accounting and Finance |
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| Online Access: | https://journals.gujaf.com.ng/index.php/gujaf/article/view/322 |
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| _version_ | 1823857047263772672 |
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| author | Emmanuel Imuede Oyasor |
| author_facet | Emmanuel Imuede Oyasor |
| author_sort | Emmanuel Imuede Oyasor |
| collection | DOAJ |
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Foreign direct investment (FDI) has been a crucial inflow source for many economies. The contribution of FDI to growth has continued to generate extensive debates. The debate centered on channels through which FDI may enhance technological diffusion through spillover effect of knowledge and new capital goods to better human conditions. In this direction, some earlier literatures have also argued that the contribution of FDI largely dependent on the circumstances in the recipient countries. The study follows the endogenous growth model theory and eclectic theory to demonstrate the multidimensionality impacts of FDI inflows on gross domestic product (GDP), human capital development/utilization (HCDU), national revenue generation (NRG), gross fixed capital formation (GFCF) and gross national savings (GNS), based on published information over the period of 1982 to 2022. We found that FDI have significant effect on GDP; FDI do significantly affect on human capita development/utilization; FDI has no significant impact on NRG; FDI has no have no significant connection with gross fixed capital formation and FDI have significant effect on gross national savings in Nigeria.
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| format | Article |
| id | doaj-art-34aa7a0440704d9f804e5e4314a38dca |
| institution | Kabale University |
| issn | 2756-665X 2756-6897 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Department of Accounting and Finance, Federal University Gusau |
| record_format | Article |
| series | Gusau Journal of Accounting and Finance |
| spelling | doaj-art-34aa7a0440704d9f804e5e4314a38dca2025-02-12T01:06:35ZengDepartment of Accounting and Finance, Federal University GusauGusau Journal of Accounting and Finance2756-665X2756-68972025-01-015210.57233/gujaf.v5i2.23THE MULTIDIMENSIONALITY FOREIGN DIRECT INVESTMENT’S IMPACT ON THE ECONOMY Emmanuel Imuede Oyasor0Department of Accounting Science, Walter Sisulu University, Mthatha, South Africa Foreign direct investment (FDI) has been a crucial inflow source for many economies. The contribution of FDI to growth has continued to generate extensive debates. The debate centered on channels through which FDI may enhance technological diffusion through spillover effect of knowledge and new capital goods to better human conditions. In this direction, some earlier literatures have also argued that the contribution of FDI largely dependent on the circumstances in the recipient countries. The study follows the endogenous growth model theory and eclectic theory to demonstrate the multidimensionality impacts of FDI inflows on gross domestic product (GDP), human capital development/utilization (HCDU), national revenue generation (NRG), gross fixed capital formation (GFCF) and gross national savings (GNS), based on published information over the period of 1982 to 2022. We found that FDI have significant effect on GDP; FDI do significantly affect on human capita development/utilization; FDI has no significant impact on NRG; FDI has no have no significant connection with gross fixed capital formation and FDI have significant effect on gross national savings in Nigeria. https://journals.gujaf.com.ng/index.php/gujaf/article/view/322Foreign direct investmentsEconomic growthHuman capital developmentNational revenue generationGross fixed capital formationGross national savings |
| spellingShingle | Emmanuel Imuede Oyasor THE MULTIDIMENSIONALITY FOREIGN DIRECT INVESTMENT’S IMPACT ON THE ECONOMY Gusau Journal of Accounting and Finance Foreign direct investments Economic growth Human capital development National revenue generation Gross fixed capital formation Gross national savings |
| title | THE MULTIDIMENSIONALITY FOREIGN DIRECT INVESTMENT’S IMPACT ON THE ECONOMY |
| title_full | THE MULTIDIMENSIONALITY FOREIGN DIRECT INVESTMENT’S IMPACT ON THE ECONOMY |
| title_fullStr | THE MULTIDIMENSIONALITY FOREIGN DIRECT INVESTMENT’S IMPACT ON THE ECONOMY |
| title_full_unstemmed | THE MULTIDIMENSIONALITY FOREIGN DIRECT INVESTMENT’S IMPACT ON THE ECONOMY |
| title_short | THE MULTIDIMENSIONALITY FOREIGN DIRECT INVESTMENT’S IMPACT ON THE ECONOMY |
| title_sort | multidimensionality foreign direct investment s impact on the economy |
| topic | Foreign direct investments Economic growth Human capital development National revenue generation Gross fixed capital formation Gross national savings |
| url | https://journals.gujaf.com.ng/index.php/gujaf/article/view/322 |
| work_keys_str_mv | AT emmanuelimuedeoyasor themultidimensionalityforeigndirectinvestmentsimpactontheeconomy AT emmanuelimuedeoyasor multidimensionalityforeigndirectinvestmentsimpactontheeconomy |