Accounting for Foreign Direct Investment in Ghanaian Economy

Felix Kwame Aveh, Redeemer Yao Krah, Philomina Dadzie

Abstract


FDI inflows into Ghana have been identified to be lower than other middle income countries; however, various empirical studies – including studies done in Ghana – have identified FDI to have a positive effect on economic growth. This study sought to account for the effect of FDI on economic growth using a two stage least square econometrics analysis. A quarterly time series data spanning 2004 to 2011 for selected variables were used for the econometric analysis. The results found FDI to have a positive effect on economic growth but the effect was found to be insignificant. Financial development and exports growth were identified as having significant negative effects on economic growth. The researchers recommend that Ghana reconsiders its liberal FDI policy to ensure that FDI benefits the country immensely.
Key words: Investment; arbitrage; internalization; productivity

Keywords


Investment; arbitrage; internalization; productivity

Full Text:

PDF


DOI: http://dx.doi.org/10.3968%2Fj.ibm.1923842820130602.1145

Refbacks

  • There are currently no refbacks.


Reminder

How to do online submission to another Journal?

If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:

1. Register yourself in Journal B as an Author

Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.

2. Submission

Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.


We only use three mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases: caooc@hotmail.com; ibm@cscanada.net; ibm@cscanada.org

Copyright © 2010 Canadian Research & Development Centre of Sciences and Cultures
Address: 730, 77e AV, Laval, Quebec, H7V 4A8, Canada

Telephone: 1-514-558 6138
Http://www.cscanada.net
Http://www.cscanada.org
E-mail:caooc@hotmail.com