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http://repository.hneu.edu.ua/handle/123456789/33152
Название: | Effects of foreign direct investment on economic growth in Ghana: the role of institutions |
Авторы: | Kulu Evans Mensah Samuel Sena Prince Mike |
Ключевые слова: | foreign direct investment institutional quality economic growth Ghana aggregate production function ARDL |
Дата публикации: | 2021 |
Издательство: | ХНЕУ ім. С. Кузнеця |
Библиографическое описание: | Kulu Evans Effects of foreign direct investment on economic growth in Ghana: the role of institutions / Evans Kulu, Samuel Mensah, Prince Mike Sena // Економіка розвитку. – № 1 (Т.20). – С. 23-34. |
Краткий осмотр (реферат): | The role of institutions in both the inflow and the impact of foreign direct investment is of great importance. The quality of institutions in a country can direct investment towards improving growth. This paper analyzes the individual and combined effect of foreign direct investment and institutions on economic growth in Ghana. The paper used the Auto Regressive Distributed Lag (ARDL) technique for secondary data obtained from 1995 to 2019. All data series, except for the quality institution index, were drawn from the World Bank Development Indicators. Institutional Quality Index data was obtained from the Heritage Foundation’s Economic Freedom Index website. The results of the ARDL model indicate that foreign direct investment and a quality institutional index together have a significantly positive effect on a country’s economic growth compared to their individual effects in both the short and long run. The study recommends that government policies should be aimed at attracting foreign direct investment while strengthening institutions and regulations to enhance output growth. |
URI (Унифицированный идентификатор ресурса): | http://repository.hneu.edu.ua/handle/123456789/33152 |
Располагается в коллекциях: | № 1 |
Файлы этого ресурса:
Файл | Описание | Размер | Формат | |
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кулу.pdf | 487,07 kB | Adobe PDF | Просмотреть/Открыть |
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