Amplification of agriculture factor productivity, food price and exchange rate on societal welfare spiraling in Ethiopia

Impacts of external factors on Ethiopia's economic growth: Insights on foreign direct investment, remittances, exchange rates, and imports

“…In a globalized world, understanding the underlying variables driving economic growth becomes increasingly complex, particularly for emerging countries like Ethiopia. Research suggests that effective macroeconomic policies, resilient institutional frameworks, stable political conditions, and national savings play a role in economic growth [ 21 , [23] , [24] , [25] ].

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“…In failed nations, sustainable growth and development may boost jobs, reduce poverty, and improve living conditions. Thus, all economic initiatives now aim for economic development and social well-being [ 23 , 26 , 27 , 29 ].…”

“…Previous studies have shown that foreign direct investment (FDI) has a major influence on Ethiopia's economy. Multiple studies show that foreign investment boosts Ethiopia's economy, especially in agriculture and hotels [ 23 , [30] , [31] , [32] ]. A favorable investment environment to attract FDI and boost economic development is crucial [ [31] , [32] , [33] ].…”