Foreign Direct Investment and Domestic Private Investment in WAEMU Countries: Crowding-in or Crowding-out?

Hahandou Mano
Additional contact information
Hahandou Mano: Center for Economic and Social Studies, Documentation and Research CEDRES, Thomas Sankara University, Saaba, Ouagadougou, Burkina Faso

International Journal of Economics and Financial Issues, 2024, vol. 14, issue 3, 57-65

Abstract: Foreign direct investment (FDI) is a particularly attractive prospect for WAEMU countries, which are constantly integrating it into their development policies. However, studies on the relationship between FDI and private domestic investment (PDI) come to contradictory conclusions. This article focused on the effect of FDI on private domestic investment over the period 1996 to 2018. The results validated the presence of cross-country dependence. The article uses Common Correlated Effect-Mean Group (CCE-MG) as the analytical technique for this purpose. The results are consistent with the “crowding-out†hypothesis of FDI on PDI.

Keywords: Foreign Direct Investment; Domestic Investment; CCE-MG; WAEMU (search for similar items in EconPapers)
JEL-codes: E22 F21 F23 O52 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econjournals.com/index.php/ijefi/article/download/15759/7882 (application/pdf)
https://www.econjournals.com/index.php/ijefi/article/view/15759 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2024-03-7

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().