INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
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Paper Title:
Causal relationships between foreign direct investment, inequality and economic growth: Evidence from dynamic simultaneous-equations models in African countries
In this paper, we investigate the interrelationship between foreign direct investment, economic growth and inequality. We use dynamic simultaneous-equation panel data models for a global panel of 52 African countries over the period 1990 - 2014. We also implement these empirical models for three sub-panels, which are constructed on the income level of countries. Our results provide evidence of bidirectional causality between FDI inflows and economic growth. We find also that there is uni-directional causal relationship from FDI inflows to inequality and from economic growth to inequality.
Keywords:
Economic growth, FDI, inequality, panel data, African countries
Cite Article:
" Causal relationships between foreign direct investment, inequality and economic growth: Evidence from dynamic simultaneous-equations models in African countries", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 5, page no.i272-i288, May-2023, Available :http://www.ijnrd.org/papers/IJNRD2305837.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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