DOMESTIC INVESTMENT AND STANDARD OF LIVING: EVIDENCE FROM NIGERIA

Authors

  • Sule Ya’u Hayewa Department of Management Sciences Rabi’u Musa Kwankwaso College of Advanced and Remedial Studies Tudun Wada, Jos Road Kano Author
  • Badamasi Sani Mohammed Department of Economics, Al-Qalam University Katsina Author
  • Abubakar Kyauta Mohammed Department of Management Sciences Rabi’u Musa Kwankwaso College of Advanced and Remedial Studies Tudun Wada, Jos Road Kano Author

Keywords:

ARDL, Domestic Investment, FDI, Standard of Living, Trade Openness

Abstract

Investment is one of the key variable use in any kind of development of the country, therefore the prime objective of this paper is to investigate the impact of domestic investment on the standard of living in Nigeria for the period of 1986 to 2020. In order to achieve this objective, ARDL model were employed in the study. The properties of the data were first checked in order to avoid spurious regression and found that some of the variablesware integrated of order zero while other were integrated of order one. The results revealed that, domestic investment and Foreign Direct investment are positively and statistically significant in improving the standard of living both in short run and long run in Nigeria, while trade openness is negative and statistically significant in improving the standard of living in the country. The study recommends that, policy makers and stake holders should inspire resident in the importance of domestic investment as well as Foreign Direct investment in the economy.

Downloads

Published

2022-12-01

Issue

Vol. 2 No. 1 (2022)

Section

Articles