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Foreign direct investment and economic growth in Sub-Saharan Africa: The role of institutions

Turkish Economic Review

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Title Foreign direct investment and economic growth in Sub-Saharan Africa: The role of institutions
 
Creator JILENGA, Moga Tano; PhD Candidate
HELIAN, Xu;

School of Economics and Trade, Hunan University, Changsha, 410079, China.
 
Subject FDI; Institutional quality; GMM; Economic growth.
043; C33; C36.
 
Description Abstract. In this paper, we examine the impact of FDI on economic growth condition on the role of quality of institutions. To address our objective, we use the fixed effect and GMM models for analysis. A sample of 36 countries from Sub Saharan Africa was used for period from 2001 to 2015. The empirical results show that FDI has a significant negative effect on economic growth. Institutional quality on the other hand has a positive influence on economic growth.  Considering the interaction term between FDI and institutional quality, the empirical evidence show that institutional quality enhances the spillover effect from FDI and therefore do matter for economic growth. Using the GMM model the results confirm that good institutions are necessary for mediating the effects of FDI for economic growth. Keywords. FDI, Institutional quality, GMM, Economic growth.JEL. 043, C33, C36.
 
Publisher Turkish Economic Review
Turkish Economic Review
 
Contributor —
 
Date 2017-12-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/TER/article/view/1385
10.1453/ter.v4i4.1385
 
Source Turkish Economic Review; Vol 4, No 4 (2017): December; 378-387
Turkish Economic Review; Vol 4, No 4 (2017): December; 378-387
2149-0414
 
Language eng
 
Relation http://www.kspjournals.org/index.php/TER/article/view/1385/1478
http://www.kspjournals.org/index.php/TER/article/downloadSuppFile/1385/687
http://www.kspjournals.org/index.php/TER/article/downloadSuppFile/1385/688
http://www.kspjournals.org/index.php/TER/article/downloadSuppFile/1385/689
 
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