Contact Us
Phone

+98 913 264 4310

+98 912 849 1734

Fax

+98 912 849 1734 (Virtual Fax)

Email

rosepubaust@gmail.com

Address

Borna Sanjesh Kimia Company
No. 164, Ataei Street, Jeyhoun Street, Azadi
Tehran-Iran

Investment and Economic Growth

11/21/2021

Received: 28 August 2021
Revised: 20 September 2021
Accepted: 15 October 2021

Mehran Hafezi Birgani, Reza Ghaderi Moghaddam

  Download Full Text


Abstract

The current study intended to investigate the effect of foreign direct investment (FDI) on economic growth in Africa and provide an estimate of panel data on 50 African countries during 1980-2009 based on a dynamic panel data estimator (SYS-GMM)1 developed by Blundell and Bond (1998). The results of the present study indicated that foreign direct investment flow had a significant effect on economic growth in Africa during the research period. Furthermore, it found that low human resources did not restrict the effect of foreign direct investment and, subsequently, foreign direct investment had a significant negative effect on economic growth during 1980-1994 while it had a positive effect during 1995-2009.

Keywords: Foreign Direct Investment; Economic Growth; Investment Attraction Capacity; Panel Data.


  Download Full Text


173
Related Content

Register
To submit your paper, please register first by clicking on the registration button. You will then be able to upload your paper within the control panel(cpanel)


Publication Information

Journal of Practical Business Law

ISSN: 2783-2899

Publisher
Rose Scientific Publication
Melbourne, Australia


Director In-charge:
Seyed Mojtaba Mostafavi, Ph.D.

Editor-in-Chief
Justin Perry, Ph.D.

Executive Manager
Mehrdad Fallahi Barzoki, Ph.D.

Rosepub - Journal management system