- Tytuł:
- Foreign direct investment and economic growth in developing countries: The role of international trade and foreign debt
- Autorzy:
-
Epor, Simon Okaja
Yua, Henry
Terhemba Iorember, Paul - Powiązania:
- https://bibliotekanauki.pl/articles/23942885.pdf
- Data publikacji:
- 2024-01-03
- Wydawca:
- Fundacja Naukowa Instytut Współczesnych Finansów
- Tematy:
-
foreign direct investment
trade openness
external debt
economic growth
developing countries
external finance
ARDL
autoregressive distributed lag model - Opis:
- The existing literature is sparse on the role of international finance in modeling the FDI-growth nexus. This study integrates the role of international trade and external debt in the FDI-economic growth nexus for Brazil, Nigeria, and Vietnam. We apply the Autoregressive Distributed Lag (ARDL) model to annual data covering the period 1990-2021. The results show that FDI and trade have positive but insignificant effects on economic growth in all three countries. In addition, our results show that external debt hampers long-term economic growth in these countries. Based on the results, we propose country-specific recommendations that take into account specific economic and financial conditions, global market dynamics, and the long-term development goals of developing countries.
- Źródło:
-
Modern Finance; 2024, 2, 1; 1-17
2956-7742 - Pojawia się w:
- Modern Finance
- Dostawca treści:
- Biblioteka Nauki
Artykuł