Defense Budget and Response of Foreign Direct Investment (FDI) in Nigeria: Co-Integration and VECM Approach

نویسندگان

چکیده

The research was conducted on the topic: Defense Budget and Response of Foreign Direct Investment (FDI) in Nigeria: Co-integration Vector Error Correction Model (VECM) Approach. It investigated how move response to defence budget considering insecurity problem faced by Nigeria during period study. Time series data which spanned from 1981 2019 sourced CBN. collected subjected unit root test, co-integration test vector error correction estimation. results showed long run equilibrium among variables. found also that there existed short-run relationship variables or ran GDP, MNFO, INF LFP FDI recommended improvement output, inflation control, enhancement labour force performance, economic diversification improved security spending sincere intention approach finding lasting solutions others.

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ژورنال

عنوان ژورنال: South asian Journal of Social Studies and Economics

سال: 2023

ISSN: ['2581-821X']

DOI: https://doi.org/10.9734/sajsse/2023/v20i2693