Impact of foreign direct investment (FDI) on economic growth: empirical evidence from Southern Africa Customs Union (SACU) countries
Foreign direct investment (FDI) has been regarded as one of the important factor that stimulates the economic growth in most of the developing countries. However, fewer studies have explored the issue in the case of African region. This study examines the impact of FDI on economic growth for the Sou...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
Faculty of Economics and Management, Universiti Putra Malaysia
2012
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| Online Access: | http://psasir.upm.edu.my/id/eprint/51254/1/12-12.pdf |
| Summary: | Foreign direct investment (FDI) has been regarded as one of the important factor that stimulates the economic growth in most of the developing countries. However, fewer studies have explored the issue in the case of African region. This study examines the impact of FDI on economic growth for the Southern Africa Custom Union (SACU) countries namely; Botswana, Lesotho, Namibia, South Africa and Swaziland. Employing panel data for the period of 1980-2010 and using dynamic ordinary least square (DOLS), the findings reveals satisfactory evidence that there is a positive impact of FDI on the economic growth for the SACU countries. |
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