Effect of Chinese Foreign Direct Investment

Effect of Chinese Foreign Direct Investment

on Economic Growth in Africa

International Research Press ( 06.09.2017 )

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Purpose – This study aims to examine the quantitative effect and direction of Chinese Foreign Direct Investment (FDI) on economic growth in Africa using a sample of 20 African countries from 2003 to 2012 with data obtained from United Nations Conference on Trade and Development and the World Bank. Design/methodology/approach – The study used panel least squares regression, specifically fixed effect model to examine the quantitative effect of Chinese FDI on economic growth in Africa. The study also used Granger causality test to examine whether a causal relationship exists between economic growth and China’s FDI in Africa. Findings – The study finds that a 1 per cent increase in China’s FDI stock in Africa significantly increases Africa’s gross domestic product (GDP) growth by 0.607 per cent, all things being equal. Furthermore, the study finds that a causal link exists between GDP growth in Africa and China’s FDI and the nature of causality is unidirectional.

Détails du livre:

ISBN-13:

978-3-639-76429-1

ISBN-10:

3639764293

EAN:

9783639764291

Langue du Livre:

English

de (auteur) :

John Owusu-Afriyie
Isaac Doku
John Akuma

Nombre de pages:

72

Publié le:

06.09.2017

Catégorie:

Théorie du développement et la politique de développement