Impact of External Capital on Economic Growth in EMCCA Countries

Thierry Mamadou Asngar and Médard Mengue Bidzo

International Business Research, 2019, vol. 12, issue 6, 90-98

Abstract: Taking into account the effects of financial liberalization on activity, associated with the spread of financial crises in an environment of uncertainty and dependence of the economies on external financing, updates the question of the impact of external capital on growth economic. The purpose of this paper is to examine the impact of external capital on economic growth in developing country members of a monetary union. Following a dynamic least squares estimation on the data of the countries of the Economic and Monetary Community of Central Africa (EMCCA), we obtain that an increase in direct investment abroad positively influences the economic growth in these countries.

Keywords: external capital; economic growth; dynamic least squares; EMCCA (search for similar items in EconPapers)
JEL-codes: F31 J11 O47 O55 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ibn:ibrjnl:v:12:y:2019:i:6:p:90-98

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