Impact of Foreign Direct Investment (FDI) on Economic Growth: The panel approach from 1990 to 2018 in East Africa countries
Author (s)
Salum Bakari Khamis
Abstract
The panel approach was used in this research to explore the effect of foreign direct investment (FDI) on the economic development of the East African Community, involving five countries that are the founders of the EAC, including Tanzania, Kenya, Uganda, Burundi, and Rwanda. This study used a dynamic ordinary least square (DOLS) from 1990 to 2018 to examine the influence of FDI on economic growth. According to the result of this research, FDI has a favorable and considerable impact on economic development in EAC nations. In addition to that, a Granger causality test supported the relationships between economic growth measured in GDP and FDI inflow in the EAC. The study implies that FDI has been a significant stimulator of economic growth in the region for the past three decades.
Keywords: FDI, Economic growth, Panel Approach, Granger causality test, East Africa community.
| Title: | Impact of Foreign Direct Investment (FDI) on Economic Growth: The panel approach from 1990 to 2018 in East Africa countries |
|---|---|
| Author: | Salum Bakari Khamis |
| Journal Name: | International Journal of Science and Business |
| Website: | ijsab.com |
| ISSN: | ISSN 2520-4750 (Online), ISSN 2521-3040 (Print) |
| DOI: | https://doi.org/10.5281/zenodo.7574877 |
| Media: | Online |
| Volume: | 18 |
| Issue: | 1 |
| Issue publication (Year): | 2023 |
| Acceptance Date: | 22/01/2023 |
| Date of Publication: | 27/01/2023 |
| PDF URL: | https://ijsab.com/wp-content/uploads/2030.pdf |
| Free download: | Available |
| Page: | 118-127 |
| First Page: | 118 |
| Last Page: | 127 |
| Paper Type: | Research paper |
| Current Status: | Published |
Cite This Article:
Salum Bakari Khamis (2023). Impact of Foreign Direct Investment (FDI) on Economic Growth: The panel approach from 1990 to 2018 in East Africa countries. International Journal of Science and Business, 18(1), 118-127. doi: https://doi.org/ 10.5281/zenodo.7574877
Retrieved from https://ijsab.com/wp-content/uploads/2030.pdf
About Author (s)
Salum Bakari Khamis, PhD student at School of International Trade and Economics, University of International Business and Economics (UIBE), Beijing, China.
DOI: https://doi.org/10.5281/zenodo.7574877