Regional Foreign Direct Investment Potential in Selected African Countries

Philip Agyei Peprah, Yao Hongxing and Jean Baptiste Bernard Pea-Assounga

International Journal of Economics and Finance, 2019, vol. 11, issue 10, 66-76

Abstract: The recent devolutionary trend across the world has been in part fuelled by claims of a supposed ¡®economic growth by direct investment dividend¡¯ associated with the fiscal decentralization. There is however, little empirical evidence to substantiate these claims. Most prior research has determined different research techniques of measurement by generating mix results. More so, these studies do not differentiate between short and long run techniques and mechanisms through which county expenditure affects economic growth, by investment growth, and by foreign reserve of African countries. The background has investigated empirically the short and long run techniques effect of components of county expenditure on economic growth investment, by foreign direct investment growth in the African countries in period of 2013 to 2017. The variables tested by unit root by no stationary at interval levels. The long and short run of variables computed by ARDL methods by Keynesian theory. However, the budget allocation and execution improved to capital infrastructure and like transport communication help to improve private capital accumulation and economic growth.

Keywords: African countries; counties; expenditure; economic growth by foreign direct investment; ARDL; panel; recurrent and capital (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ccsenet.org/journal/index.php/ijef/article/view/0/40788 (application/pdf)
http://www.ccsenet.org/journal/index.php/ijef/article/view/0/40788 (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:ibn:ijefaa:v:11:y:2019:i:10:p:66-76

Access Statistics for this article

More articles in International Journal of Economics and Finance from Canadian Center of Science and Education Contact information at EDIRC.
Bibliographic data for series maintained by Canadian Center of Science and Education ().