Financial development is part of the private sector development strategy to stimulate economic growth and reduce poverty. So, the paper attempts to find out the determinant of economy growth and the explanatory variables, such as, the foreign direct investment, government expenditure, consumer price index and trade openness in Benin. Using time series as the econometric model and the data during 1970 and 2017 for the study. In addition, the technique that implemented to estimate the model was Ordinary Least Square. The result showed that the foreign direct investment and consumer index price have significantly and positively impact the Benin's economy growth but the trade openness and the government expenditure have significantly and negatively impacted the Benin's economy growth. I suggest that the government must invest more in infrastructure to attract more foreign direct investment. In term of trade Benin's policymaker should promote the local products and export to the world to adjust the balance between the import and export.

This paper summarizes the arguments and counterarguments within the scientific discussion on the impact of electricity consumption in developing country especially in the Republic of Benin. The main purpose of the research is to examine the causal relationship between electricity consumption and economic growth in the Republic of Benin over the period 1971-2014. Systematization literary sources and approaches for solving the problem using Stationary test, the Johansen co-integration test, the vector autoregressive (VAR) model, and Granger causality test were used as econometric approach. The relevance of the decision of this scientific problem is that the electricity consumption may growth the Economy of the country. Methodological tools of the research methods were the results of 43 years of research on modeling. The object of research is to examine the impact of the electricity consumption in the economy growth in the Republic of Benin. The research empirically confirms and theoretically proves that there is bidirectional causality running from electricity consumption and economic growth. The results of the research can be useful for the government to invest more in energy to attract more foreign investors to boost the economy and to alleviate the poverty through reducing unemployment rate. In addition the causal relationship between energy consumption and economic growth in theRepublic of Benin represents a wildly studied topic in energy economic literature. Energy play a crucial role in the economics of the both developed and developing countries. The growth hypothesis suggest that energy consumption is an indispensable component in growth, directly and directly as complement to capital and labor as an input in the production process.

This paper empirically examines the impact of foreign direct investment (FDI) on economic growth in the Republic of Benin. Using the Error Correction Model (ECM), annual time series data the period of 1970-2017 were analyzed employing an ECM technique to determine the short and long-run impact of FDI on economic growth in the Republic of Benin. Granger causality methodology was used to analyze and establish the nature of the relationship (if any) between FDI and economic growth in the Republic of Benin. Our empirical analysis reveals that Foreign Direct Investment (FDI) has both immediate and time lag effect on the Republic of Benin economy in the short run. And FDI has a significant but negative effect on the Republic of Benin economy in the long run during the period under review. This was further confirmed by the causality test which shows that FDI granger causes RGDP and not the other way. Thus, FDI has a significant positive effect on the growth as well as the development of the Nigerian economy only in the long run during the period under review. I therefore conclude and recommend that government should ensure stable macroeconomic policies as a stabilization tool to propel the attraction of more FDI into the Republic of Benin and dependency on foreign direct investment should remain limited.