Acta Universitatis Danubius. Œconomica, Vol. 14, No. 2 - part 1

Authors

  • Collective Authors

Abstract

The study investigates the impact of oil price fluctuations on foreign direct investment
inflows in developing oil exporting countries using Nigeria as a case study by ARDL method and
VECM granger causality test to analyse the data spanning from 1970 to 2015. It was observed that oil
price fluctuations do not favour foreign direct investment in Nigeria both in the long-run and shortrun.
This implies that as oil price changes foreign direct investment inflows falls. VECM granger
causality test revealed that there is no direction of causality between oil price fluctuations and foreign
direct investment inflows in Nigeria. We therefore concluded that oil price is not an important
determinant of foreign direct investment inflows. The study recommends that government should take
the advantage of times of positive change in the oil price to fix the needs to attract foreign direct
investment inflows in the economy.

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Published

2021-06-18

How to Cite

Collective Authors. (2021). Acta Universitatis Danubius. Œconomica, Vol. 14, No. 2 - part 1: Array. Acta Universitatis Danubius. Œconomica, 14(2). Retrieved from https://dj.univ-danubius.ro/index.php/AUDOE/article/view/1159

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