Effect of foreign direct investment on the performance of manufacturing companies in south west, Nigeria Department: Economics By: Besterine97 Project ID: 3209 Rating: (3.1) votes: 15Rate this project12345 Price:₦5000 Get the Complete MaterialAbstractThis research work empirically explored the effect of foreign direct investment on performance of manufacturing companies in South West Nigeria. The objectives of this study were to examine the effect of Foreign Direct Investment on manufacturing companies output in South West Nigeria, evaluate the effectiveness of Foreign Direct Investment in addressing fluctuation in manufacturing company’s output in South West Nigeria, to use econometrics models to investigate if a long-run relationship exists between Foreign Direct Investment and manufacturing companies output in South West Nigeria. The scope of the study was restricted to the use of Vector Error Correction Model (VECM). The variables affecting FDI that were examined are real interest rate (INT), real exchange rate (EXC), and inflation rate (INF) then manufacturing output (MAO) as the dependent variable. The period of coverage for the study was thirty-three years, from 1986 to 2019. The findings from the study revealed that in Nigeria, manufacturing output is affected by the level of Foreign Direct Investment (interest rate, exchange rate and inflation rate) investigated over the period of study. However, the inflation rate channel has more effect on determining FDI when compared to other variables. Following the findings, it was recommended that government should embark on policy measures to balance the inflation rate, exchange rate and interest rate since they have significant impact on Nigeria manufacturing sector growth under the period reviewed, government should embark on policy measures to maintain macroeconomic stability and improve infrastructural facilities so as to encourage FDI, government should embark on policy measures to expand product markets so as to increase FDI level. Keyword: foreign direct investment, manufacturing companies, Nigeria. ...Preview Download Preview +Other Economics project topics and materials you might be interested in»The impact of industrialization on Nigeria's economic development»The impact of minimum wage fluctuation on growth of Nigerian economy»Population growth and economic development in Nigeria (1981-2011)»The impact of population growth on the Nigerian economy (1980-2010)»The impact of petroleum subsidy on the consumption of petroleum products in Nigeria»The impact of small and medium scale industries on the economic growth of Nigeria (1986 – 2010)»The impact of industrial output on the economy of Nigeria (1980-2010)»The growth of Nigerian economy and unemployment (1980-2010)»Impact of government expenditure on Nigerian economic growth (1981 – 2010)»The effect of external debt on economic growth of Nigeria»Poverty and the Nigerian economy»An assessment on the impact of industrialization on economic growth in Nigeria»The impact of external debt on Nigeria economy (1985-2011)»Inequality and taxation in Nigeria (1980-2010)»The impact of bank lending on the growth of small and medium business in Osun State