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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
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
License
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)

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