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The Effects of Foreign Direct Investment Uncertainty on Financial Development in Nigeria: An Asymmetric Approach

Ibrahim Sambo Farouq & Zunaidah Sulong

Iranian Journal of Management Studies2021https://doi.org/10.22059/ijms.2020.302199.674060article
AJG 1
Weight
0.51

What the paper says

This article investigates the dynamic effects of foreign direct investment uncertainty on financial development in Nigeria and the interacting role of financial inclusion and economic growth. We used the annual time series data of Nigeria covering the period 1970-2018. Through advanced econometric techniques, we first substantiated stationarity level and co-integration among the scrutinized variables, which is genuinely done for reliable findings. Following that, we applied Gregory and Hansen (1996) co-integration test, Non-linear ARDL as the elasticity estimator, and Diks and Panchenko (2006) causality test for the analysis. The Empirical evidence postulates the asymmetric nature of foreign direct investment uncertainty to financial development. We also found a non-linear uni-directional causality running from economic growth to financial development, foreign direct investment uncertainty to financial development, and financial inclusion to financial development. In the end, the authors proposed the needed policy recommendations to strengthen the Nigerian financial sector.

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https://doi.org/https://doi.org/10.22059/ijms.2020.302199.674060

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@article{ibrahim2021,
  title        = {{The Effects of Foreign Direct Investment Uncertainty on Financial Development in Nigeria: An Asymmetric Approach}},
  author       = {Ibrahim Sambo Farouq & Zunaidah Sulong},
  journal      = {Iranian Journal of Management Studies},
  year         = {2021},
  doi          = {https://doi.org/https://doi.org/10.22059/ijms.2020.302199.674060},
}

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Evidence weight

0.51

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.41 × 0.4 = 0.16
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.