ISSN: IJSB: 2520-4750 (Online), 2521-3040 (Print); JSR : 2708-7085 (online)

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.

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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.

 

 

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DOI: https://doi.org/10.5281/zenodo.7574877

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