Foreign Direct Investment and Economic Growth in Southern African Development Community : WestminsterResearch

Publication dates
Title	Foreign Direct Investment and Economic Growth in Southern African Development Community
Type	Journal article
Authors	Gibogwe, V., Nigo, A. and Kufuor, K.
Abstract	The Southern African Development Community (SADC) has continued to experience an unprecedented increase in foreign direct investment (FDI) inflows for the past three decades. Evidence of their quantitative impact on the economy is still quite mixed. We use panel data methods on data from the (SADC) for the 1980–2020 period, where our results show that FDI has a positive and statistically significant effect on economic growth, thus agreeing with some work done in the community and Sub-Saharan Africa. Our study calls for the development of human capital, the promotion of market liberalization, the improvement of the financial sector and the need for policy measures that prioritize productive investment that supports the local, private and foreign sectors; the latter provides positive spillovers to other sectors.
Keywords	foreign direct investment
	economic growth
	absorptive capacity
	human capital
	market liberalization
Journal	Journal of Applied Economic Sciences (JAES)
Journal citation	Volume XVII, Winter, 4 (78), pp. 351-364
ISSN	1843-6110
	2393-5162
Year	2022
Publisher	ASERS Publishing
Web address (URL)	https://www.ceeol.com/search/article-detail?id=1086395
Published	30 Dec 2022

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Foreign Direct Investment and Economic Growth in Southern African Development Community
Nigo, A. 2022. Foreign Direct Investment and Economic Growth in Southern African Development Community. Journal of Applied Economic Sciences. 17 (4), pp. 351-364.

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Foreign Direct Investment and Economic Growth in Southern African Development Community

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