Is Foreign Direct Investment Growth Conducive?
Author InfoB. SEETANAH Abstract The paper investigates the impact of FDI on economic growth for a panel of 39 Sub-Saharan African countries for the period 1980–2005 in an extended Cobb Douglas production function. Taking into account the possible existence of endogeneity in FDI modeling, the study employs both static and dynamic panel data estimates. Results from the analysis suggest that FDI is an important element in explaining economic performance of Sub Saharan African countries and appears to be of the same importance private investment. Moreover the study confirms the presence of important endogeneity and indirect effect through granger causality tests. Download InfoTo download: If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the
