Title:
IMPACT OF TECHNOLOGY AND KNOWLEDGE TRANSFER ON NIGERIAN ECONOMIC DEVELOPMENT

Authors:
Nicholas Ajegba ABAKPA

Abstract:
The study investigates the impact of technology and knowledge transfer on Nigerian economic development. The study adopted an ex-post facto research design. Hence secondary data was deployed for the purpose from CBN Statistical Bulletin 2017, covering a period of 2008-2017. A Partial Least Square and a multivariate regression model was adopted for data analyses with the help of SPPS and SmartPLS to establish the impact of independent variable on the dependent. The study establishes that technology and knowledge variables have a significant impact: foreign trade and foreign direct investment; while the movement of people and licensing agreement have no significant impact on economic development; The implication of this finding is that movement of people and licensing agreement indices were not effectively utilized during the investigated epoch. We, therefore, recommend that policymakers should devise policies that would create an enabling environment to attract foreign trade and foreign direct investment in such a manner that will increase their indices. And for the movement of people and licensing agreement in such manner to be mutually beneficial and symbiotic relationship to both technology and knowledge transfer transferee and transferor for economic development in the long run.

Keywords:
Technology Transfer, Knowledge Transfer, Foreign Direct Investment, Movement of People, Foreign Trade and Licensing Agreement.