Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/2640
Title: FOREIGN DIRECT INVESTMENT, SECTORAL EFFECTS AND ECONOMIC GROWTH IN AFRICA
Authors: Opoku, Eric Evans Osei
Ibrahim, Muazu
Sare, Yakubu Awudu
Keywords: FDI
Sectoral value additions
Economic growth
Generalized method of moments
Africa
Issue Date: 2019
Publisher: Korea International Economic Association
Series/Report no.: Vol.33;Issue 3
Abstract: Earlier studies on the impact of Foreign Direct Investment (FDI) on economic growth have not been instructive largely on their failure to examine the sectoral transmission channels through which FDI affects growth. We re-examine the impact of FDI on economic growth in Africa using the system generalized method of moments. The result reveal that,while FDI positively and unconditionally spurs economic growth, its growth-enhancing effect is imaginary when the conditional sectoral effects are introduced. On the channels of manifestation,we notice that the pass-through impact of FDI is only significant for the agricultural and service sectors.
URI: http://hdl.handle.net/123456789/2640
ISSN: 1743-517X
Appears in Collections:School of Business and Law

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