The Effect of Foreign Direct Investment and Trade Openness on Economic Growth: Evidence from Five African Countries

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/62156489:43410/23:43923289

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

The Effect of Foreign Direct Investment and Trade Openness on Economic Growth: Evidence from Five African Countries

Popis výsledku v původním jazyce

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&apos; 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.

Název v anglickém jazyce

The Effect of Foreign Direct Investment and Trade Openness on Economic Growth: Evidence from Five African Countries

Popis výsledku anglicky

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&apos; 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.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Agris On-Line Papers in Economics and Informatics

ISSN

1804-1930

e-ISSN

1804-1930

Svazek periodika

15

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

12

Strana od-do

35-46

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85152444329