SUBMIT YOUR RESEARCH
Saudi Journal of Economics and Finance (SJEF)
Volume-3 | Issue-07 | 294-297
Original Research Article
Globalization and Real Estate Development in Nigeria- An Empirical Perspective
Akindele Dolapo B, Jogunola Abiodun, Aderemi Timothy
Published : July 30, 2019
DOI : 10.21276/sjef.2019.3.7.3
Abstract
The aim of this study is to examine the impact of globalization on real estate development in Nigeria. The motivation for this study lies in the compelling need to empirically investigate the spillovers of globalization on the development of real estate in Nigeria in which past studies have not sufficiently explored. Data were collected from the UNCTAD, WDI and Central Bank of Nigeria Statistical Bulletin from 1990 to 2016. Consequently, the long-run effect indicates that FDI and real estate development have a significant positive relationship in Nigeria. In addition, there is one way feedback relationship which runs from FDI to real estate development in the country. This implies that globalization has been beneficial to the development of real estate sub sector in Nigeria. Moreover, this paper makes the following recommendations for the policy makers, investors and future researchers in the country. The spillovers of globalization on real estate sectors development in Nigeria should not be undermined. Therefore, the policy makers in the country should embark on policy measures that will ensure a conducive climate for foreign investors to thrive in this sector of the economy. Also, the federal government of Nigeria should not hesitate to address all the institutional hurdles that could frustrate the maximum spillover benefits of globalization in real estate development in the nearest future in this country
Scholars Middle East Publishers
Browse Journals
Payments
Publication Ethics
SUBMIT ARTICLE
Browse Journals
Payments
Publication Ethics
SUBMIT ARTICLE
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
© Copyright Scholars Middle East Publisher. All Rights Reserved.