ECONOMETRIC ANALYSIS OF THE IMPACT OF FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH IN NAMIBIA: EVIDENCE FROM ANNUAL DATA

C. A. Ogbokor

Makale detayları

ECONOMETRIC ANALYSIS OF THE IMPACT OF FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH IN NAMIBIA: EVIDENCE FROM ANNUAL DATA

Yazarlar:

C. A. Ogbokor

Yayıncı:

Sosyal Bilimler Araştırmaları Derneği

Dergi:

International Journal of Economics and Finance Studies 2016 Vol.8 Issue 2, pp.205-218

Belge Tipi:

Makale

Yayın Tarihi:

11/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000810891

Sıklık:

İki Yıllık

eISSN:

1309-8055

Özet:

 

The driving objective of the study was to measure in quantitative terms the  influence of foreign direct investment on economic growth through cointegration  techniques. Namibia was used as a case study. Annual dataset stretching from  1990 to 2014 was also applied. The imperative findings arising from the study  constitutes the following: The study found long-run relationships among all the  variables under consideration in the econometric model. The estimated long-run  equation also indicates a positive association between the explanatory variables  and real gross domestic product. In particular, net foreign direct capital was found  to have a stronger influence on economic growth compared to openness and real  foreign exchange rate. Correspondingly, a unidirectional relationship running  from real exchange rate to net foreign direct investments was found. In addition,  amongst the three explanatory variables used in the model, openness and net  foreign direct investment contributed more towards innovations in economic  growth during the forecast horizon compared to real exchange rate variable. The  research paper concludes by creating opportunities for further investigations.

Makale detayları

ECONOMETRIC ANALYSIS OF THE IMPACT OF FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH IN NAMIBIA: EVIDENCE FROM ANNUAL DATA

Yazarlar: C. A. Ogbokor

Yayıncı: Sosyal Bilimler Araştırmaları Derneği

Dergi: International Journal of Economics and Finance Studies 2016 Vol.8 Issue 2, pp.205-218

Belge Tipi: Makale

Yayın Tarihi: 11/2016

Belge Dili: Türkçe

Document ID (Org No.): 2000810891

Sıklık: İki Yıllık

eISSN: 1309-8055

Sayı

Yazarlar:

C. A. Ogbokor

Yayıncı:

Sosyal Bilimler Araştırmaları Derneği

Dergi:

International Journal of Economics and Finance Studies 2016 Vol.8 Issue 2, pp.205-218

Belge Tipi:

Makale

Yayın Tarihi:

11/2016

Belge Dili:

Türkçe

Document ID (Org No.):

2000810891

Sıklık:

İki Yıllık

eISSN:

1309-8055