Macroeconomic as Basis of Economic Growth : An ARDL Approach

Domaine:

socioeconomic

Type de record:

paper

Créateur:

I.JO.

Éditeur:

IOP

Hôte:

Abstract We examined the effect of some selected macroeconomic factors reflecting on Nigeria economic growth between the periods of the year 1981 to the year 2015 using Auto Regressive Distributed Lag denoted as ARDL method. Findings revealed that foreign direct investment, and trade openness were the major factors that determine real gross domestic product, especially in the short run. On this basis, this paper, therefore, concluded that increase in the net flow from foreign investors from the rest of the world has a significant effect on the Nigeria economy as it increases the capital inflow and improves economic growth.

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