The effects of foreign direct investment on economic growth: evidence for Togo

Maman Tachiwou Aboudou ()
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Maman Tachiwou Aboudou: Sanili Afrique Developpement, Lome, Togo

Economia. Seria Management, 2010, vol. 13, issue 2, 269-282

Abstract: The objective of this paper is to examine the effect of foreign direct investment (FDI) on economic growth. I use data running over 33 years from 1975 to 2008. Generally, the results, obtained by using the ordinary least squares (OLS) methods show foreign direct investment (FDI), Trade volume, and Human capital to have a positive impact on economic growth. There is some evidence that inflation and Government consumption to found to have a negative impact on economic growth. The empirical analysis shows that FDI alone plays an ambiguous role in contributing to economic growth.

Keywords: foreign direct investment; Togo; economic growth. (search for similar items in EconPapers)
JEL-codes: F21 F23 O40 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:rom:econmn:v:13:y:2010:i:2:p:269-282

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