Technology‐Based FDI, Manufacturing Output and Economic Growth: A Comparative Analysis Between Nigeria and Malaysia

Matthew, Oluwatoyin and Agidee, Dorothy E. and Adediran, Oluwasogo and Osabohien, Romanus and Folarin, Esther and OLAWANDE, TOMIKE IBIRONKE (2019) Technology‐Based FDI, Manufacturing Output and Economic Growth: A Comparative Analysis Between Nigeria and Malaysia. International Journal of Civil Engineering and Technology, 10 (3). pp. 470-487.

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Abstract

The inflow of technology‐based FDI into a country helps to develop the manufacturing sector which brings about an increase in aggregate output which boosts economic growth. It is against this backdrop that this study examined the link between technology‐based FDI, manufacturing output and economic growth in Nigeria and Malaysia, using the Vector Autoregression (VAR) model, pointing out the lessons Nigeria can learn from the Malaysian economy. The secondary data used in this study was obtained from the World Bank and the United Nations Conference on Trade and Development (UNCTAD) spanning between 1980 and 2017. The result from this study showed that Malaysia’s FDI inflows are directed towards the manufacturing sector than the Nigerian economy, and this explains why the Malaysian manufacturing sector is more developed than that of Nigeria. Therefore, the study recommended that Nigeria should direct FDI to the manufacturing sector, as this will boost the growth rate of the economy.

Item Type:	Article
Uncontrolled Keywords:	Foreign Direct Investment, Manufacturing Sector, Economic Growth
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	nwokealisi
Date Deposited:	05 Feb 2024 14:22
Last Modified:	05 Feb 2024 14:22
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/17744

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