Infrastructure and Foreign Direct Investment Inflows: Evidence from Ghana

Prince Fosu

MPRA Paper from University Library of Munich, Germany

Abstract: The main objective of the study is to examine the impact of economic and social infrastructure on FDI in flows in Ghana using the Two Stage Least Squares (2SLS) estimation technique and quarterly time series data from 1975 to 2012. The results indicate a positive and statistically significant effects of economic and social infrastructure on net FDI inflows in Ghana. While market size, trade openness and agglomeration exerted a positive and statistically significant effect on FDI inflows, inflation and external debt stocks revealed a negative effect on FDI inflows. In order to attract more FDI inflows, the study recommends an increase investment in electricity generation and educational facilities respectively to enhance economic and social infrastructure.

Keywords: Economic Infrastructure; Social Infrastructure; FDI; 2SLS; Ghana (search for similar items in EconPapers)
JEL-codes: E00 F30 H00 H54 (search for similar items in EconPapers)
Date: 2016-03-12, Revised 2020-05-13
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Management and Economic Journal 2 (2016): pp. 79-93

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:100375

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