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Does FDI Cause Economic Growth?

Author

Listed:
  • Alexander Maune

    (UNISA)

  • Ephraim Matanda

    (Great Zimbabwe University)

Abstract

This article examined the impact of foreign direct investment on economic growth and development in Zimbabwe. There is, however, inconsistency regarding the impact of foreign direct investment on economic growth and development across economies. An econometric strategy was used to test the depth of correlation between the variables by applying the regression analysis of the Ordinary Least Squares approach for the period 1991 – 2017. The findings of the study show that foreign direct investment had a positive correlation coefficient with Gross Domestic Product and was statistically significant at all levels. Policy recommendations are provided in light of the study findings.

Suggested Citation

  • Alexander Maune & Ephraim Matanda, 2019. "Does FDI Cause Economic Growth?," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 15(6), pages 153-187, DECEMBER.
    • Handle: RePEc:dug:actaec:y:2019:i:6:p:153-187
    as

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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/5917/5144
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