Does FDI Cause Economic Growth?

Alexander Maune () and Ephraim Matanda ()
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Alexander Maune: UNISA
Ephraim Matanda: Great Zimbabwe University

Acta Universitatis Danubius. OEconomica, 2019, issue 15(6), 153-187

Abstract: This article examined the impact of foreign direct investment on economic growth and development in Zimbabwe. There is, however, inconsistency regarding the impact of foreign direct investment on economic growth and development across economies. An econometric strategy was used to test the depth of correlation between the variables by applying the regression analysis of the Ordinary Least Squares approach for the period 1991 – 2017. The findings of the study show that foreign direct investment had a positive correlation coefficient with Gross Domestic Product and was statistically significant at all levels. Policy recommendations are provided in light of the study findings.

Keywords: Foreign Direct Investment; Gross Domestic Product; Economic Growth; Economic Development (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:dug:actaec:y:2019:i:6:p:153-187

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