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Exchange Rate Volatility, Inflation Uncertainty and Foreign Direct Investment in Nigeria

Botswana Journal of Economics

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Field Value
 
Title Exchange Rate Volatility, Inflation Uncertainty and Foreign Direct Investment in Nigeria
 
Creator Udoh, E
Egwaikhide, FO
 
Description This article examines the effect of exchange rate volatility and inflation uncertainty on foreign direct investment in Nigeria. The investigation covers the period between 1970 and 2005. Exchange rate volatility and inflation uncertainty were estimated using the GARCH model. Estimation results indicated that exchange rate volatility and inflation uncertainty exerted significant negative effect on foreign direct investment during the period. In addition, the results show that infrastructural development, appropriate size of the government sector and international competitiveness are crucial determinants of FDI inflow to the country. This enquiry supports the commitment of policymakers to exchange rate and macroeconomic stability as key to FDI boom in Nigeria.
 
Publisher The Botswana Economics Association
 
Date 2010-09-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.ajol.info/index.php/boje/article/view/60304
10.4314/boje.v5i7.60304
 
Source Botswana Journal of Economics; Vol. 5 No. 7 (2008); 14-31
1810-0163
1810-0163
 
Language eng
 
Relation https://www.ajol.info/index.php/boje/article/view/60304/48547