[1] | Adegbite, E. O and Ayadi, F. S (2010) “The Role of Foreign Direct Investment in Economic Development: A Study of Nigeria” World Journal of Entrepreneurship, Management and Sustainable Development. Vol. 6, No. 1/2 2010. |
[2] | Aitken, B., A. E. Jarrison and R. Lipsey. (1999). “Do domestic firms benefit from foreign direct investment?” American Economic Review, 89: 605-18. |
[3] | Aitken, B., G. H. Hansen and A. Harrison. (1997). “Spillovers, foreign investment and export behaviour”. Journal of International Economics, 43: 103-32. |
[4] | Aluko, S.A. (1961): “Financing economic development in Nigeria”. The Nigerian Journal of Economic and Social Studies, 3(1), pp. 39–67. |
[5] | Anand, S., and Sen, A. (2000). Human development and economic sustainability. World Development, 28(12), 2029–2049. |
[6] | Apergis, N., Lyroudia, K., and Vamvakidis, A. (2008). The relationship between foreign direct investment and economic growth: Evidence from transitional countries. Transition Studies Review, 15(1), 37–51. |
[7] | Aurangzeb Z. and Stengos, T., (2014). The role of Foreign Direct Investment (FDI) in a dualistic growth framework: A smooth coefficient semi-parametric approach. Borsa Instanbul Review 14-3 (2014) 133-144. |
[8] | Ayanwale, A. B. (2007): “FDI and Economic Growth: Evidence from Nigeria”. AERC Research Paper 165. African Economic Research Consortium, Nairobi. |
[9] | Babalola, J. Hassan, S. D. and Saka, J. O. (2012) “Export, Foreign Direct Investment and Economic Growth: An Empirical Application for Nigeria” International Journal of Economics and Finance. Vol. 4, No. 4 April 2012. |
[10] | Blomstrom, M (1986). “Foreign invesmtnet and productive efficiency: The case of Mexico”. Journal of Industrial Economics, 15: 97-110. |
[11] | CBN (2007): Annual Economic Report. Central Bank of Nigeria. |
[12] | CBN (2011): Statistical Bulletin. Central Bank of Nigeria, Volume 18. |
[13] | Central Bank of Nigeria, Annual Report 2012. |
[14] | Cobham, A. (2001) “Capital account liberalization and impact on the poor” Paper produced for Oxfam and Bretton Woods project. |
[15] | Dickey, D.A. and W.A. Fuller (1979). “Distributions of the Estimators for Autoregressive Time Series with Unit Root.” Journal of the American Statistical Association, 74, 427-431. |
[16] | Egbo, O. P., Onwumere, J. J. O. and Okpara, G. C. (2011). Foreign direct investment and economic growth in Nigeria: A Granger causality analysis. International Journal of Current Research. Vol. 3, issue, 11, pp.225-232, October, 2011. |
[17] | Engle, R.F. and Granger, C.W.J. (1987). Cointegration and error correction: representation, estimation and testing. Econometrica, 55: 251-276. |
[18] | Granger, C.W.J. (1986). Developments in the Study of Cointegrated Economic Variables, Oxford Bulletin of Economics and Statistics, 48, 213-228. |
[19] | Gujarati D. N (2005). Basic Economics, McGraw-Hill, India, 5th Edition. |
[20] | Johansen, S. (1988). Statistical analysis of cointegrating vectors. Journal of Economics Dynamic and Control, 12: 231-254. |
[21] | Kokko, A. (1994). “Technology, market characteristics and spillovers”. Journal of Development Economics. 43: 279-93. |
[22] | Lim. E. (2001). “Determinants of and relationship between foreign direct investment and growth: A summary of recent literature”. IMF Working Paper No. 175. International Monetary Fund, Washington, D. C. |
[23] | Lipsey, R. E., and Sjoholm, F. (2001). Foreign direct investment and wages in Indonesian manufacturing. NBER. Working paper No. 8299. |
[24] | Liu, X., Siler, P., Wang, C., and Wei, Y. (2000). Productivity spillovers from foreign direct investment: evidence from UK Industry Level Panel Data. Journal of International Business Studies, 31(3), 407-425. |
[25] | Mody, A. (2004). Is FDI Integrating the World Economy? Forthcoming in World Economy. |
[26] | Moses, E. C (2011) “Oil and Nonoil FDI and Economic Growth in Nigeria” Journal of Emerging Trends in Economics and Management Sciences (JETEMS) 2(4). |
[27] | Narayan, P.K. (2005). The Saving and Investment Nexus for China: Evidence from Cointegration Test. Applied Economics, 37, 1979-1990. |
[28] | Olokoyo, F. O (2012) “Foreign Direct Investment and Economic Growth: A Case of Nigeria”. Bvimsr’s Journal of Management Research, Vol. 4, No 1, April 2012. |
[29] | Patibandla, M. (2014) Implications of foreign direct investment in India’s retail sector. IIMB Management Review (2014) 26, 214e221. |
[30] | Pesaran, M.H., Shin, Y. and Smith, R. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16: 289-326. |
[31] | Sethi, N., and Sucharita, S. (2009). Effect of FDI on Economic Growth in Bangladesh and India: An Empirical Investigation. Working paper. |
[32] | Smarzynska, B. K. (2002). “Does foreign direct investment increase the productivity of domestic firms? In search of spillovers through backward linkages”. Policy Research Working Paper No. 29. The World Bank, Washington, D. C. |
[33] | Solow, R. (1956). “A Contribution to the theory of economic growth”. Quarterly Journal of Economics, 70: 65-94. |
[34] | Tekin, R. B (2012), Economic growth, Exports and Foreign Direct Investment in Least Developed Countries: A Panel Granger Causality Analysis. Economic Modelling 29 (2012) 868-878. |
[35] | Uma, K. E., Eboh, F. E., and Nwaka, I. D. (2015). Foreign Direct Investment and Resources Utilization: Implications for Nigeria`s Economic Development. British Journal of Economics, Management & Trade 6(2): 112-128, 2015. |
[36] | UNCTD (2014). World investment Report 2014. United Nations, New York and Geneva, 2014. |
[37] | WTO (1996), Trade Policy Review Costa Rica 1995, Geneva: WTO. |
[38] | Zhang, K. H. (2001). “Does foreign direct investment promote economic growth? Evidence from East Asia and Latin America”. Contemporary Economic Policy, 19(2, April): 175-85. |