"Does Foreign Direct Investment Crowd in or Crowd out Domestic Investment in South Africa? An ARDL-ECM Approach "
Journal: International Journal of Management Research and Economics
Year: 2023

The aim of this study is to empirically examine the link between Foreign Direct Investment (FDI) and Domestic Investment (DI) in South Africa over the period of 41 years .Accurately, it attempts to determine whether FDI crowds in or crowds out DI in South Africa.DI is sub-divided into private domestic investment (credit to the domestic private sector) and public corporation investment (state owned enterprises).We used the Autoregressive Distributed Lag-Error Correction Model (ARDL-ECM) technique