Foreign Direct Investment and Tax Revenue Performance in Nigeria (1987-2016): Terrorism-Effect

Authors

  • A. J. Egwakhe Department of Business Administration and Marketing, Babcock University, Ilishan-Remo, Ogun State, Nigeria
  • K. O. Odunsi Department of Business Administration and Marketing, Babcock University, Ilishan-Remo, Ogun State, Nigeria

DOI:

https://doi.org/10.17722/ijme.v13i2.1100

Keywords:

Economic growth, Foreign Direct Investment, Free trade, Tax revenue performance, Terrorism

Abstract

The study argued that terrorism exhibited negative effect on the interaction between   foreign direct investment (FDI) and tax revenue performance in Nigeria from 1987-2016. An econometric model was formulated and hierarchical regression analysis conducted. Jarque-Berra test indicated that the series are normally distributed meaning that the data were robust, appropriate and met goodness of fit standard. The results revealed that the interaction between FDI and Tax revenue performance (-75213.95 and probability 0.000) was negatively moderated by Terrorism with the Adjusted R2 0.9098 and F-stat 95.144. Recommendation was anchored on nationwide security improvement to increase tax returns, tax payment, and foreign investors’ confidence on investment in Nigeria.

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Published

31-08-2019

How to Cite

Egwakhe, A. J., & Odunsi, K. O. (2019). Foreign Direct Investment and Tax Revenue Performance in Nigeria (1987-2016): Terrorism-Effect. International Journal of Management Excellence (ISSN: 2292-1648), 13(2), 1922–1929. https://doi.org/10.17722/ijme.v13i2.1100

Issue

Vol. 13 No. 2 (2019): International Journal of Management Excellence

Section

Articles