The causal relationship between Foreign Direct Investment (FDI) and the macro-economy of selected west African countries: Panel ARDL/Granger Causality Analysis
Journal: African Research Review
Year: 2018

This study examined the long run and short run dynamic relationships between macroeconomic variables and FDI in West Africa using recent econometric techniques for Granger non-causality and PMG/ARDL for period of 1990 to 2016. Controlling for the influence of trade openness and exchange rate, the long-run effect of Foreign Direct Investment (FDI) on economic growth and gds are found to be positive and statistically significant. FDI is found to be negative and statistically significant on unemplo