Impact of the Foreign Direct Investment on Economic growth on the Re-public of Benin

Marcel, D.T.Am

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Title	Impact of the Foreign Direct Investment on Economic growth on the Re-public of Benin
Authors	Marcel, D.T.Am
ORCID
Keywords	прямі закордонні інвестиції прямые зарубежные инвестиции foreign direct investment економічне зростання экономический рост economic growth причинність Грейнджера причинность Грейнджера Granger causality електронні контрзаходи электронные контрмеры electronic countermeasures
Type	Article
Date of Issue	2019
URI	http://essuir.sumdu.edu.ua/handle/123456789/73867
Publisher	Sumy State University
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Citation	Marcel, D.T.Am. (2019). Impact of the Foreign Direct Investment on Economic growth on the Re-public of Benin. Financial Markets, Institutions and Risks, 3(2), 69-78. http://doi.org/10.21272/fmir.3(2).69-78.2019.
Abstract	This paper empirically examines the impact of foreign direct investment (FDI) on economic growth in the Republic of Benin. Using the Error Correction Model (ECM), annual time series data the period of 1970-2017 were analyzed employing an ECM technique to determine the short and long-run impact of FDI on economic growth in the Republic of Benin. Granger causality methodology was used to analyze and establish the nature of the relationship (if any) between FDI and economic growth in the Republic of Benin. Our empirical analysis reveals that Foreign Direct Investment (FDI) has both im-mediate and time lag effect on the Republic of Benin economy in the short run. And FDI has a signif-icant but negative effect on the Republic of Benin economy in the long run during the period under review.
Appears in Collections:	Financial Markets, Institutions and Risks (FMIR)