The nexus between FDI inflows and economic development in Ghana: empirical analysis from ARDL model

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dc.authorscopusid57009048700
dc.contributor.authorOlorogun, Lukman A.
dc.date.accessioned2024-09-11T19:57:59Z
dc.date.available2024-09-11T19:57:59Z
dc.date.issued2021
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractThis study examined FDI and economic progress in Ghana. Using annualised time series data obtained from the World Bank over a period from 1984 to 2018, an ARDL approach was implemented. Our findings show that external factors affirm positive impact on FDI attraction and economic development. Specifically, inflation and population have a long and short run substantial impact on attraction of FDI into Ghana. Similarly, at the micro level, financial expansion in the financial sector exerts long- and short-term substantial positive effect on FDI attraction. A 1% rise in FDI inflow and population would result in 234% and 200% economic expansion in the long run. Financial development in the private sector, however, exerts a considerable effect in the short run. This implies a weak resilience against shock for FDI in the private sector. Overall, our model confirms FDI-led economic expansion in Ghana in the long-run. To sustain this, recommendation is policymakers should reduce total control and involvement in the markets by allowing and empowering private sector expansion. Copyright © 2021 Inderscience Enterprises Ltd.en_US
dc.identifier.doi10.1504/JGBA.2021.114319
dc.identifier.endpage114en_US
dc.identifier.issn1746-966Xen_US
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-85104323289en_US
dc.identifier.scopusqualityQ4en_US
dc.identifier.startpage93en_US
dc.identifier.urihttps://doi.org/10.1504/JGBA.2021.114319
dc.identifier.urihttps://hdl.handle.net/11363/8385
dc.identifier.volume14en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherInderscience Publishersen_US
dc.relation.ispartofJournal for Global Business Advancementen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz20240903_Gen_US
dc.subjectARDL model; Economic development; Empirical analysis; FDI inflows; Ghana; Macroeconomics; Nexus; Stationarity testen_US
dc.titleThe nexus between FDI inflows and economic development in Ghana: empirical analysis from ARDL modelen_US
dc.typeArticleen_US

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