Relationship between Foreign Direct Investment and Per Capita GDP in Nigeria-An Empirical Analysis (1980-2009)

Stand structure characteristic was determined one by one in 18 sample plots which PbPnd1, PnPbd1, PbPnd2, The role of investment has been widely recognized in economic growth process. However domestic investment, especially in developing countries, is usually insufficient to spur growth. Developing countries have therefore embarked on conscious efforts at attracting foreign investments to fill the gaps between domestic and desired investments. This study investigates the relationship between FDI and per capita GDP in Nigeria using a VECM structure. The result reveals the absence of short run causal relationship between FDI and per capita GDP. it also reveals that FDI negatively affects per capita GDP in the long run in Nigeria.

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