International records / OpenAlex research

Effect of Selected Macroeconomic Variables on Aggregate Investments in Nigeria

This study investigated the influence of selected macroeconomic variables such as exchange rate, interest rate, and inflation rate on aggregate investment in Nigeria. Using gross fixed capital formation (GFCF) as an indicator for the measure of investment performances, the study used annual time series data which were mainly obtained from the CBN statistical bulletin. The autoregressive distributed lag (ARDL) technique was employed in this study to estimate the relationship among the variables in short run and long run. According to the bounds test, the result showed that there existed a long …