Foreign direct investment, three main sectors of the economy and economic growth: Evidence from West African Countries

Hassane Mahamad Velonjara and Igor-Mathieu Gondje-Dacka
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Hassane Mahamad Velonjara: Faculty of Economics and Management, University of Bangui, Central African Republic
Igor-Mathieu Gondje-Dacka: Faculty of Economics and Management, University of Bangui, Central African Republic

Journal of Economic and Social Thought, 2019, vol. 6, issue 3, 156-167

Abstract: This study investigates the impact of foreign direct investment (FDI) in the primary, secondary, and tertiary sectors on economic growth in West African countries. Using panel data and econometric techniques, the study finds that FDI in the secondary and tertiary sectors significantly contributes to economic growth, while FDI in the primary sector has a limited effect.

Keywords: Foreign direct investment; Economic growth; Sectoral analysis; West Africa. (search for similar items in EconPapers)
JEL-codes: F21 O11 O55 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:cvv:journ3:v:6:y:2019:i:3:p:156-167

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