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Determinants of Export Diversification in Nigeria: Any Special Role for Foreign Direct Investment (FDI)?

Journal of Economics and Business Research

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Field Value
 
Title Determinants of Export Diversification in Nigeria: Any Special Role for Foreign Direct Investment (FDI)?
 
Creator Arawomo, Damilola Felix
Oyelade, Aduralere Opeyemi
Tella, Afeez Taiwo
 
Description The importance of export diversification is presently taking a center stage in trade literature. This paper contributed to the evolving literature by examining the extent of export diversification in Nigeria and also analyzed the impact of foreign direct investment on it. Two major methods of export diversification: export count (horizontal) and Herfindahl Index were used. Nigeria’s exports flows based on 4-digit SICT product classification were used. The Generalized Moment Methods (GMM) was used to analyze our specified model. Empirical analysis showed that foreign direct investment discourages export diversification in Nigeria, while domestic investment promotes it. Exchange rate and democratic accountability are other factors that discourage export diversification in Nigeria. No evidence was found on the impact of per capita GDP, trade openness and natural resource.
 
Publisher Journal of Economics and Business Research
 
Contributor —
 
Date 2014-11-24
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.uav.ro/jour/index.php/jebr/article/view/370
 
Source Journal of Economics and Business Research; Vol 20, No 2 (2014): J of Economics & Business Research; 21 - 33
2069-9476
2068-3537
 
Language eng
 
Relation http://www.uav.ro/jour/index.php/jebr/article/view/370/pdf_134