International records / OpenAlex research
PRIVATE SECTOR INVESTMENT AND ECONOMIC GROWTH IN NIGERIA: A CASUAL RELATIONSHIP INVESTIGATION (1980-2014)
This study examines the relationship between private sector investment and economic growth in Nigeria, based on OLS and Granger Causality test. The preliminary analysis of OLS findings established that some of the selected indicators of privately investment – foreign direct investment and Gross capital formation - in the long-run, were positively related with GDP but only foreign direct investment is significant. Inflation rate, credit to private sector and national savings were inversely related with GDP. These findings imply that credit to private sector and Gross capital formation do not ad…
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