The Impact Of Gross Fixed Capital Formation On Economic Growth In Nigeria :- Ogbonna Queen C

ABSTRACT

 The main objective of this research is to know the relationship between Gross Fixed capital formation on economic growth. Gross domestic product (GDP) was used as a dependent variable while gross fixed capital formation, export and serving was used as independent variables. The variables was subjected to unit root test and was found to be stationary at level and first deferent. Co-integration test result reviewed that there is a long run relationship between the variables of model. Findings shows that both gross fixed capital formation. export and savings has positive impact on the growth for the period under review. The studies recommends that the Nigerian manufacturing sector should produce goods that can be exported so as to improve economic growth.