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ABSTRACTÂ
The research empirically investigated how tax incentives impact the performance of private capital investment in Nigeria, utilizing the ARDL model. Initial tests were conducted to determine whether the model exhibited stationarity and cointegration. Both short-term and long-term estimates were derived from the ARDL model, revealing the influence of tax incentives on private capital investment in both time frames. Further diagnostic tests were conducted, confirming that the variables remained stable in both their original and differenced forms, and the model displayed a normal distribution without significant issues of serial correlation or multicollinearity. The negative and statistically significant coefficient of the Error Correction Model (ECM) indicated that the model effectively corrected deviations from the equilibrium of the dependent variable in the long run. Consequently, the model is suitable for policy analysis.
