Foreign direct investment, trade openness and growth nexus in Lesotho

Foreign direct investment, trade openness and growth nexus in Lesotho

This paper examines the long-run relationship among FDI, trade openness and growth in Lesotho for the period 1980-2011. The results show a long-run relationship between output, FDI and trade openness. The VAR Granger causality shows a unidirectional causal relationship running from trade openness, F...

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Bibliographic Details
Main Authors: Leseko Makhetha, Joel Rantaoleng
Format: Article
Language:English
Published: AOSIS 2017-06-01
Series:Journal of Economic and Financial Sciences
Subjects:
Lesotho
FDI
Trade Openness
ARDL cointegration
VAR Granger causality/Block
Exogeneity Wald tests
Online Access:https://jefjournal.org.za/index.php/jef/article/view/10

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