The Effect of Foreign Direct Investment and Trade Openness on Economic Growth: Evidence from Five African Countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F23%3A43923289" target="_blank" >RIV/62156489:43110/23:43923289 - isvavai.cz</a>
Alternative codes found
RIV/62156489:43410/23:43923289
Result on the web
<a href="https://doi.org/10.7160/aol.2023.150103" target="_blank" >https://doi.org/10.7160/aol.2023.150103</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.7160/aol.2023.150103" target="_blank" >10.7160/aol.2023.150103</a>
Alternative languages
Result language
angličtina
Original language name
The Effect of Foreign Direct Investment and Trade Openness on Economic Growth: Evidence from Five African Countries
Original language description
Through some empirical studies, the flow of FDI and trade openness have proven to support economic growth in developing countries. This paper examines the significance of FDI and trade openness in five African countries (Ghana, Morocco, Kenya, Uganda, and Zambia). The study employed the panel data analysis method using data from the World Bank for the period 1994-2019 for the five selected countries. The result from the Random effect model indicated that FDI positively supports growth, whereas trade openness harms economic growth in these countries. The outcome further revealed that Uganda enjoys more significance than the other countries using the countries' dummies through the pooled model estimation. We recommend that various governments focus more on exports, reduce imports, attract more FDI through incentives, and create a regulatory environment that is friendly to FDI.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Agris On-Line Papers in Economics and Informatics
ISSN
1804-1930
e-ISSN
1804-1930
Volume of the periodical
15
Issue of the periodical within the volume
1
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
12
Pages from-to
35-46
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85152444329