MA 35 Causal Effect of Trade Openness on Multinational Corporations in Oil and Gas Investment in Nigeria. Journal of Business and Economic Management
Causal Effect of Trade Openness on Multinational Corporations in Oil and Gas Investment in Nigeria Akyuz, Murat, Opusunju, Michael. I., Aruwa, Suleiman. A. ABSTRACT The study examined the causal effect of trade openness on multinational corporations in oil and gas investment in Nigeria. As a result, ex-post facto research design and the population of 5 oil and gas multinational corporations in Nigeria were used. The sample size was the 5 oil and gas multinational corporations. The study relied on reports from Central Bank of Nigeria for secondary data. It was employed various procedures in analysing data such as descriptive statistics correlation matrix, unit root test, co-integration and Vector Error Correction Model. The study showed that a long run relationship exist between multinational corporations in Oil and Gas (FDI) and trade openness in Nigeria. The study also found that causality runs from trade openness (TO) to FDIOG which implies that trade openness cause...