TY - GEN
T1 - Foreign direct investment, exports and economic growth
T2 - 2018 International Conference on E-Business and Applications, ICEBA 2018
AU - Fofana, Kankou Hadia
AU - Xia, Enjun
AU - Traore, Mamadou Bado
N1 - Publisher Copyright:
© 2018 Association for Computing Machinery.
PY - 2018/2/23
Y1 - 2018/2/23
N2 - The aim of this paper is to analyze the relationship between foreign direct investment (FDI), economic growth and export in host countries is known to have an important role in economic literature suffering from unemployment problems and lack of technological progress. Given that these countries are at different stages of growth were explored this issue West Africa by applying the Pooled Mean Group (PMG) and the Granger causality test in the period 1980 to 2014 by using panel data. The initial panel Granger causality results confirm that there is no significant Granger causality from FDI to economic growth, from economic growth to FDI, from export to economic growth and from economic growth to export in the short run in West Africa. However, in the long run, The Pooled Mean Group (PMG) estimation analysis reveals that economic growth as the common factor that drives growth in other variables such as FDI inflows and exports. The article supports the FDI-led growth and Exports Led Growth hypothesis for West Africa. This implies that the improvement in the export sector may enhance the economic growth activities in West Africa and a common experience in attracting FDI.
AB - The aim of this paper is to analyze the relationship between foreign direct investment (FDI), economic growth and export in host countries is known to have an important role in economic literature suffering from unemployment problems and lack of technological progress. Given that these countries are at different stages of growth were explored this issue West Africa by applying the Pooled Mean Group (PMG) and the Granger causality test in the period 1980 to 2014 by using panel data. The initial panel Granger causality results confirm that there is no significant Granger causality from FDI to economic growth, from economic growth to FDI, from export to economic growth and from economic growth to export in the short run in West Africa. However, in the long run, The Pooled Mean Group (PMG) estimation analysis reveals that economic growth as the common factor that drives growth in other variables such as FDI inflows and exports. The article supports the FDI-led growth and Exports Led Growth hypothesis for West Africa. This implies that the improvement in the export sector may enhance the economic growth activities in West Africa and a common experience in attracting FDI.
KW - Economic growth
KW - Exports
KW - FDI
KW - The Pooled Mean Group PMG
KW - West Africa
UR - http://www.scopus.com/inward/record.url?scp=85047553370&partnerID=8YFLogxK
U2 - 10.1145/3194188.3194195
DO - 10.1145/3194188.3194195
M3 - Conference contribution
AN - SCOPUS:85047553370
T3 - ACM International Conference Proceeding Series
SP - 23
EP - 27
BT - 2018 International Conference on E-Business and Applications, ICEBA 2018
PB - Association for Computing Machinery
Y2 - 23 February 2018 through 25 February 2018
ER -
