Market size and foreign direct investment in sub-Saharan Africa: the role of education
This study examines the role of education in the nexus between foreign direct investment (FDI) and market size in sub-Saharan African countries from 2005 to 2015 using a panel of 30 countries. Market size is proxy by gross domestic product and population while two variables are used to measure educa...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Master Program in Economics, Graduate Program of Universitas Jambi
2018-08-01
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| Series: | Jurnal Perspektif Pembiayaan dan Pembangunan Daerah |
| Subjects: | |
| Online Access: | https://online-journal.unja.ac.id/index.php/JES/article/view/5140 |
| _version_ | 1818112896585957376 |
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| author | JEMILUYI Olofunmilayo Olayemi DADA James Temitope |
| author_facet | JEMILUYI Olofunmilayo Olayemi DADA James Temitope |
| author_sort | JEMILUYI Olofunmilayo Olayemi |
| collection | DOAJ |
| description | This study examines the role of education in the nexus between foreign direct investment (FDI) and market size in sub-Saharan African countries from 2005 to 2015 using a panel of 30 countries. Market size is proxy by gross domestic product and population while two variables are used to measure education; primary school enrolment and secondary school enrolment. Difference Generalised Method of Moments (GMM) is used as the estimation technique. The result shows that education and market size have positive and significant effect on foreign direct investment. The interactive effect of market size (population and gross domestic product) and education (both primary and secondary school enrolment) has positive effect on foreign direct investment. The study concludes that policy maker in the region should focus more on the quality of education rather than quantity of education. |
| first_indexed | 2024-12-11T03:26:13Z |
| format | Article |
| id | doaj.art-06d7e03008c54c6b996685112aa80b63 |
| institution | Directory Open Access Journal |
| issn | 2338-4603 2355-8520 |
| language | English |
| last_indexed | 2024-12-11T03:26:13Z |
| publishDate | 2018-08-01 |
| publisher | Master Program in Economics, Graduate Program of Universitas Jambi |
| record_format | Article |
| series | Jurnal Perspektif Pembiayaan dan Pembangunan Daerah |
| spelling | doaj.art-06d7e03008c54c6b996685112aa80b632022-12-22T01:22:30ZengMaster Program in Economics, Graduate Program of Universitas JambiJurnal Perspektif Pembiayaan dan Pembangunan Daerah2338-46032355-85202018-08-0161213010.22437/ppd.v6i1.51405140Market size and foreign direct investment in sub-Saharan Africa: the role of educationJEMILUYI Olofunmilayo Olayemi0DADA James Temitope1Department of Economics, Obafemi Awolowo University, Ile-Ife, NigeriaDepartment of Economics, Obafemi Awolowo University, Ile-Ife, NigeriaThis study examines the role of education in the nexus between foreign direct investment (FDI) and market size in sub-Saharan African countries from 2005 to 2015 using a panel of 30 countries. Market size is proxy by gross domestic product and population while two variables are used to measure education; primary school enrolment and secondary school enrolment. Difference Generalised Method of Moments (GMM) is used as the estimation technique. The result shows that education and market size have positive and significant effect on foreign direct investment. The interactive effect of market size (population and gross domestic product) and education (both primary and secondary school enrolment) has positive effect on foreign direct investment. The study concludes that policy maker in the region should focus more on the quality of education rather than quantity of education.https://online-journal.unja.ac.id/index.php/JES/article/view/5140Foreign Direct InvestmentMarket sizeEducationPopulationGross Domestic Product |
| spellingShingle | JEMILUYI Olofunmilayo Olayemi DADA James Temitope Market size and foreign direct investment in sub-Saharan Africa: the role of education Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Foreign Direct Investment Market size Education Population Gross Domestic Product |
| title | Market size and foreign direct investment in sub-Saharan Africa: the role of education |
| title_full | Market size and foreign direct investment in sub-Saharan Africa: the role of education |
| title_fullStr | Market size and foreign direct investment in sub-Saharan Africa: the role of education |
| title_full_unstemmed | Market size and foreign direct investment in sub-Saharan Africa: the role of education |
| title_short | Market size and foreign direct investment in sub-Saharan Africa: the role of education |
| title_sort | market size and foreign direct investment in sub saharan africa the role of education |
| topic | Foreign Direct Investment Market size Education Population Gross Domestic Product |
| url | https://online-journal.unja.ac.id/index.php/JES/article/view/5140 |
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