Since 2014
Foreign direct investment, three main sectors of the economy and economic growth: Evidence from West African Countries
Journal of Economic and Social Thought
View Archive Info| Field | Value | |
| Title |
Foreign direct investment, three main sectors of the economy and economic growth: Evidence from West African Countries
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| Creator |
VELONJARA, Hassane Mahamad; Research Student
GONDJE-DACKA, Igor-Mathieu; Université de Bangui, Avenue des Martyrs, Bangui, Central African Republic. |
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| Subject |
Foreign direct investment; Sectors of the economy; Economic growth; Panel data; West African countries.
C23; F62; N17. |
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| Description |
Abstract. The study investigates the effect of foreign direct investment (FDI) on economic growth in 9 West African countries namely; Burkina-Faso, Cote d’Ivoire, Ghana, Guinea Bissau, Liberia, Niger, Nigeria, Senegal and Sierra Leone. Using panel data econometrics for the period 2000-2016, we found empirical evidence that suggests that the effect of FDI on economic growth is negative and statistically significant. Our results show that neither foreign direct investment nor the primary sector of economy (PSE) of this region are not an adequate mechanism to accelerate economic growth in West African countries. While, the secondary and tertiary sectors of economy of the region have a positive effect and statistically significant to explain the growth.Keywords. Foreign direct investment, Sectors of the economy, Economic growth, Panel data, West African Countries.JEL. C23, F62, N17.
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| Publisher |
Journal of Economic and Social Thought
Journal of Economic and Social Thought |
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| Contributor |
—
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| Date |
2019-10-12
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/JEST/article/view/1921
10.1453/jest.v6i3.1921 |
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| Source |
Journal of Economic and Social Thought; Vol 6, No 3 (2019): September; 156-167
Journal of Economic and Social Thought; Vol 6, No 3 (2019): September; 156-167 2149-0422 |
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| Language |
eng
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| Relation |
http://www.kspjournals.org/index.php/JEST/article/view/1921/1933
http://www.kspjournals.org/index.php/JEST/article/downloadSuppFile/1921/995 http://www.kspjournals.org/index.php/JEST/article/downloadSuppFile/1921/996 |
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| Rights |
Copyright (c) 2019 Journal of Economic and Social Thought
http://creativecommons.org/licenses/by-nc/4.0 |
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