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What does FDI inflow mean for emerging african economies? Measuring the regional effects of FDI in Africa

Ojeaga, Paul and George, Emmanuel and Matthew, Oluwatoyin and Adekola, Adetunji (2017) What does FDI inflow mean for emerging african economies? Measuring the regional effects of FDI in Africa. Computational Methods in Social Sciences. pp. 29-46.

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Abstract

Can foreign direct investment (FDI) promote growth in Africa? What does the inflow of investment hold for African emerging economies? Are the determinants of FDI different for different regional blocs in Africa? This study reviews the implication of FDI for different regional blocs in Africa. FDI was found to have a significant effect on growth in North Africa but had no significant effect in East, Southern and West Africa. FDI was also found not to be driving growth in the whole of Africa in a significant manner. The implications of the findings are that even though trade openness seems to be a major factor driving FDI. Poor domestic markets were still preventing many African economies from taking full advantage of the gains from foreign direct investment. The study results could be useful to scholars who study the dynamics surrounding FDI disbursement and strategies on how FDI can drive growth in developing countries.

Item Type: Article
Uncontrolled Keywords: Africa, Political Economy, FDI, Regional Policy and Markets
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 28 Aug 2017 12:47
Last Modified: 28 Aug 2017 12:47
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/8936

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