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Does Foreign Direct Investment Improve Economic Growth In Cemac Countries?

Author

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  • EMMANUEL BRUNO ONGO NKOA

    (Department of Economics and Management, University of Buea)

Abstract

The aim of this research work is to assess the influence of FDI on economic growth in the CEMAC region. The ratio of FDIs in the actual GDP of countries of the CEMAC region has recorded a steady annual increase for the past three decades. Moreover, the high variability of FDI, given the various crises and fluctuations in the prices of raw materials invites us to reflect and question the impact of FDI on growth by studying the case of CEMAC countries. The theoretical analysis is based on the neoclassical growth theory and its extensions. After the selection of a model crafted from Imoudu (2012) and Boreinsztein et al. (1998). The results show that FDI have a positive impact on the growth of the sub-region and these are conveyed by human capital.

Suggested Citation

  • Emmanuel Bruno Ongo Nkoa, 2013. "Does Foreign Direct Investment Improve Economic Growth In Cemac Countries?," European Journal of Business and Economics, Central Bohemia University, vol. 8(2), pages 43-491:8, July.
    • Handle: RePEc:aad:ejbejj:v:8:y:2013:i:2:p:43-49
    DOI: 10.12955/ejbe.v8i2.407
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    Cited by:

    1. Paul Sindze & Phouthakannha Nantharath & Eungoo Kang, 2021. "FDI and Economic Growth in the Central African Economic and Monetary Community (CEMAC) Countries: An Analysis of Seven Economic Indicators," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 12(1), pages 1-11, January.

    More about this item

    Keywords

    Foreign direct investmenteconomic growth; human capital; CEMAC; panel data;
    All these keywords.

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • F2 - International Economics - - International Factor Movements and International Business
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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