Uwuigbe, O. R. and Omoyiola, Ayomide and Uwuigbe, U. and Nassar, Lanre. and Ajetunmobi, O (2019) Taxation, exchange rate and foreign direct investment in Nigeria. Banks and Bank Systems, 14 (3). 76 -85. ISSN 1816-7403 ISSN ONLINE 1991-7074
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Abstract
This paper investigates factors that may impact foreign direct investment in Nigeria. It seeks to establish the role of taxation (corporate tax) for foreign direct investment in Nigeria. Annual time series data derived from the Central Bank of Nigeria statistical bulletin and the United Nations Conference on Trade and Development covering a period of 31 years (1985–2015) were used for this study. The variables considered in the study include FDI, corporate tax, exchange rate, inflation rate, real gross domestic product (RGDP). They were analyzed using Ordinary Least Squares (OLS), Johansen Co-Integration model and Unit Root Test. Findings from this research observed that a negative relationship exists between corporate taxation and FDI. Also, the study observed that corporate tax have a significant impact on FDI and there exists a long-run relationship between the two variables.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | foreign direct investment, corporate tax, exchange rate, inflation rate, real gross domestic product |
| Subjects: | H Social Sciences > HF Commerce H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Mrs Patricia Nwokealisi |
| Date Deposited: | 17 Nov 2021 12:48 |
| Last Modified: | 17 Nov 2021 12:48 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/15488 |
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