Abstract

The study examines the influence of political leadership, financial efficiency, trade, FDI and urbanization in Nigeria, using ARDL technique of estimation from 1980 to 2022. The stationarity test outcome shows that all the variable are found stationary and also the bound test found the variable fit for the long run analysis, since they have long run link. The result of the short run estimated outcome illustrates that political leadership, financial efficiency, trade and urbanization rise the level of investment growth in the country. However, FDI is not significant in explaining investment growth in the nation. The long run result reveals political leadership, financial efficiency, trade, FDI and urbanization have significant positive relationship with investment growth in Nigeria. Hence, the study suggest that good governance and promotion of the financial strength through innovative policies, planning and coordination for sustainable investment growth in Nigeria.

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