Empirical analysis of the effects of foreign direct investment inflows on Nigerian real economic growth: Implications for sustainable development goal-17

Figures & data

Table 1. Estimated results of the effect of FDI inflows on RGDP growth in Nigeria (1981–2017)

Variables		GMM
	Coefficient	Standard error	Probability
C (CONSTANT)	0.339124	0.984241	0.7330
LRGDP(−1)	0.941716	0.122753	0.0000
KPERLU	0.776206	0.195921	0.0005
KPERL	−33.34848	115.8786	0.7756
LTFDI	−0.034455	0.023912	0.1607
LTFDI(−1)	0.047753	0.018328	0.0145
R^2	0.989299
ADJUSTED R^2	0.987389
DURBIN WATSON	2.260012
J-STATISTICS	3.299712
PROB. J-STATISTICS	0.508978
NO OF OBSERVATION	10
SCHWARZ CRITERIA	–
MEAN DEP. VAR.	12.22124
S.D. DEP. VARIABLE	0.524947
SSR	0.97309

Source: Authors’ Computation using dataset from World Bank (2017).

World Development Indicator. (2017). World Bank.

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