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Foreign direct investments (FDI) and economic growth: empirical evidence from Southern Africa Customs Union (SACU) countries


Citation

Suleiman, Najat Nassor and Kaliappan, Shivee Ranjanee and Ismail, Normaz Wana (2013) Foreign direct investments (FDI) and economic growth: empirical evidence from Southern Africa Customs Union (SACU) countries. International Journal of Economics and Management, 7 (1). pp. 136-149. ISSN 1823-836X

Abstract

Foreign direct investment (FDI) has been regarded as one of the important factors that stimulate the economic growth in most of the developing countries. However, fewer studies have explored the issue in the case of African region. This study examines the impact of FDI on economic growth for the Southern Africa Custom Union (SACU) countries namely; Botswana, Lesotho, Namibia, South Africa and Swaziland. Employing panel data from the period of 1980-2010 and using Dynamic Ordinary Least Squares (DOLS), the findings reveals satisfactory evidence that there is a positive and significant impact of FDI on the economic growth for the SACU countries.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Publisher: Faculty of Economics and Management, Universiti Putra Malaysia
Keywords: Custom union; Dynamic ordinary least squares; Economic growth; FDI
Depositing User: Nabilah Mustapa
Date Deposited: 09 Dec 2015 08:38
Last Modified: 09 Dec 2015 08:38
URI: http://psasir.upm.edu.my/id/eprint/28349
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