The Inevitability of Multinational Corporations towards Achieving Sustainable Development in Developing Economies: A Case Study of the Nigerian Economy
نویسندگان
چکیده
This paper dwells on the inevitability of multinational corporations in the sustainable development of developing economies, using Nigeria as a case study. Over the years and with the advent of globalization, multi-national corporations now move with ease across the world to economy of interest, most often times to developing economies. Obviously speaking and considering the huge amount and the technicalities involve in setting up these multi-nationals, it is obvious that the developing economies cannot do without them. The study made use of secondary data sourced from the Central Bank of Nigeria statistical bulletin and the National Bureau of Statistics between 1970 and 2011. The model for the study has as its dependent variable the Gross Domestic Product (GDP) and its explanatory variables were Foreign Direct Investment (FDI) into Nigeria. Using the Ordinary Least Square (OLS) multiple regression techniques; our study revealed that there is a strong positive relationship between the Nigerian Gross Domestic Product (GDP) and foreign Direct Investment (FDI). That is, the presence of FDIs has greatly impacted positively and significantly on the Nigerian economy given the period of study. This is true to apriori and theoretical propositions. The study, therefore recommended that efforts should be geared towards creating an enabling environment for FDI to thrive in the economy.
منابع مشابه
Combating Climate Change: The Role of Renewable Energy and Energy Efficiency
Climate change and its possible impacts on the environment and socio-economic systems now constitute the most important environmental problem facing mankind in the 21st century. Climate change will increase poverty and hardship, endanger food security, destabilize economies, decrease food and water and create social insecurity in many countries and undermine our goals for achieving sustainable ...
متن کاملThe Impact of Oil Export Earnings on Government Income and Expenditure: A Policy Implication on Sustainable Development of the Nigerian Economy
T his study examines the effect of oil fluctuation export earnings on government income and expenditure in Nigeria using a time series data from 1986 to 2015. The study utilized co-integration techniques and ordinary least square as the methods of analyses. The co-integration tests indicate the existence of a long-run equilibrium relationship between oil...
متن کاملFarm Corporations as Agropolitan Development in Iran
This article wants to propose this theory that Farm Corporations are agropolitan development models in Iran. As over-concentrating investments to the urban areas did not lead to a trickledown effect to the rural areas. To the extreme, there are ideas to minimize linkages with the urban economy, and to make the rural areas pursue self-sufficiency by maximizing its potentials. However, against th...
متن کاملDesigning and Analyzing the New Model of Project Finance by Bank Resource Allocation towards Achieving Sustainable Economic Development
One of the most significant guiding criteria in project design and implementation is sustainable development. Banks play a critical role in environmental protection and the transition to a green economy. Green financing is an innovative financial tool that aims to achieve ecological balance while promoting economic growth. The current study intends to construct and analyze a project financing m...
متن کاملThe Shadow Economy and Globalization: A Comparison Between Difference GMM and System GMM Approaches
In a general classification, the economy of any country is divided into two parts of official and invisible economies. Invisible activities drop outside the scope of the law and official economy and strongly affect socioeconomic development and the formal sector of all countries.These activities which are known under various titles including the shadow economy are influenced by various factors....
متن کامل