Foreign Direct Investment: A Journey To Economic Growth In Ghana - Empirical Evidence

Owusu-Antwi, George; Antwi, James; Poku, Peter K.

doi:10.19030/iber.v12i5.7832

Cited by 13 publications

(9 citation statements)

References 41 publications

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“…It can be deduced that investment requirement to these countries has much relaxed. The current study is consistent with the results obtained by Owusu-Antwi et al (2013).…”

Section: Fixed Effect Model Results and Interpretationsupporting

confidence: 93%

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2019

International Journal of Asian Social Science

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Several scholarships have endeavored to guesstimate the sway of natural resources on foreign direct investment inflows around the globe, but very few have engrossed on relative studies on Ghana, Nigeria, and Togo. The current paper departed from prior lessons and employed a thoughtful charter that clearly investigate the question of whether natural resource endowments is a more relevant factor to explain FDI's attraction to the countries under study. Two models fixed and random effects were established using pooled ordinary least squares (POLS) model, to estimate the coefficients. We applied a panel and time series data from 1982-2017. Preliminary results were obtained using both the random effect and fixed effect model. After conducting several tests such as Hausman Test and Breusch and Pagan Lagrangian Multiplier Test, the fixed effects model was considered the most appropriate model for the study. The results of the study yielded by both techniques registered natural resources to be significant as a propelled feature for FDI inflows. Additional issues such as GDP per capita, trade openness, political stability, and economic liberalization were also found to be significant in FDI determination. Contribution/ Originality: The study contributed to the existing literature by revealing the inevitable impact of natural resources and liberalization on FDI inflows through the application of Fixed Effect model. 1. INTRODUCTION Foreign direct investment (FDI) has become one of the key sources of capital infusion into the third world countries. Economic concept guessed that international capital inflows, among others, endorse the effective distribution of resources, which in turn boosted economic growth (Insah, 2013). According to Insah (2013) FDI may be viewed as a reagent for technological transfer from the developed to developing countries. Mello (1997) added that inward FDI enthuse local investment by swelling domestic investment through associations' with the production chain when foreign firms bought locally, made inputs or when foreign firms supplied intermediate inputs to local firms. In this sphere, the foreign capital inflow enlarge the supply of funds for investment. Apart from being a source of development finance and a channel for technology transfer, FDI has a number of proven attributes. It advances managerial knowledge and skills, and efficacy in productivity. It also

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“…It can be deduced that investment requirement to these countries has much relaxed. The current study is consistent with the results obtained by Owusu-Antwi et al (2013).…”

Section: Fixed Effect Model Results and Interpretationsupporting

confidence: 93%

Untitled

2019

International Journal of Asian Social Science

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“…The depreciation of the currency increases location attractiveness to FDI as exports increase (Schmidt and Udo 2009). The volatility of the exchange rate can attract or discourage FDI (Owusu-Antwi et al 2013).…”

Section: Exchange Ratesmentioning

confidence: 99%

Foreign Direct Investment in Zimbabwe and Botswana: The Elephant in the Room

Gutu

Anastasiadou

Omar

et al. 2017

Palgrave Studies of Sustainable Business in Africa

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“…Trade openness and economic growth have a vital role in developing countries, such as Indonesia. By encouraging trade, developing countries can increase revenues, create jobs, transfer technology, improve company management, strengthen the competitiveness of domestic and private companies, which will ultimately help create sustainable economic growth (Amsden, 2001;Greenwald & Stiglitz, 2014;Martínez Licetti et al, 2018;Owusu-Antwi et al, 2013;Salazar-Xirinachs et al, 2014). Every country wants to improve the quality of life through economic growth (Gazzola & Querci, 2017).…”

Section: Introductionmentioning

confidence: 99%

Does Trade Openness Cause Deforestation? A Case Study from Indonesia

Kustanto

2022

JEP

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Forests are unique resources and environments because, in general, they provide many benefits. Changing the function of forest areas to other functions is inseparable from economic development. As a developing country, Indonesia's economy is still dependent on natural resources to support its development. Economic integration through trade openness plays a vital role in economic growth. Policies that enhance the country's ability to trade will help the economy to develop. The more open the trade regime will make the country specialize in semi-finished input products, its competitive advantage. However, economic integration also creates negative externalities in the form of increased deforestation. This study explores the effect of trade openness on deforestation using a panel data method in 20 provinces in Indonesia from 2008-2018. Not many studies have focused on trade openness, large plantations, and social interactions as the driving forces behind deforestation in Indonesia. From the estimation results of the model, it is known that trade openness, economic growth, and activities of logging and forest conversion each contribute to changes in forest cover. If the commodity price rises, it will impact decreasing forest cover. Also, increasing population and density have decreased forest cover because land outside the forest area is limited.

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Foreign Direct Investment: A Journey To Economic Growth In Ghana - Empirical Evidence

Abstract: Foreign Direct Investment (FDI)

Cited by 13 publications

References 41 publications

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Foreign Direct Investment in Zimbabwe and Botswana: The Elephant in the Room

Does Trade Openness Cause Deforestation? A Case Study from Indonesia

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