Chuku A Chuku’s scientific contributions

This study sets out to investigate the relationship between foreign direct investment and economic growth in Nigeria, between 1970 and 2008. Given the peculiar resource-based structure of the Nigerian economy, the study also focused on identifying the key determinants of FDI flows to Nigeria. The methodology adopted to carry out the study was influenced by prevalent economic theory which postulates that foreign direct investments and economic growth may be jointly determined in an economy. In other words, there is positive feedback between FDI and growth. Consequently, this study adopted simultaneous equation models and single equation models to study the relationship between economic growth and foreign direct investments and to identify the determinants of foreign direct investment in Nigeria. Specifically, the threestage and two-stage least squares approach and the error correction models were …

This research endeavour set out to empirically investigate the relationship between foreign direct investment and economic growth in Nigeria between 1970 and 2008. The paper makes the proposition that there is endogeniety i.e., bi-directional relationship between FDI and economic growth in Nigeria. Single and simultaneous equation systems are employed to examine if there is any sort of feed-back relationship between FDI and economic growth in Nigeria. The results obtained show that FDI and economic growth are jointly determined in Nigeria and there is positive feedback from FDI to growth and from growth to FDI. The overall policy implication of the result is that policies that attract more foreign direct investments to the economy, greater openness and increased private participation will need to be pursued and reinforced to ensure that the domestic economy captures greater spillovers from FDI inflows and …