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Foreign and domestic private investment in developing and emerging economies: A review of literature

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  • Josephine Ofosu-Mensah Ababio
  • Anthony Q.Q. Aboagye
  • Charles Barnor
  • Samuel Kwaku Agyei

Abstract

This study surveys and synthesizes the literature on foreign and domestic private investment over the period 1980–2022 with evidence from developing and emerging economies. The documentary sources method was used to examine one hundred and forty (140) peer-reviewed articles (selected based on source, journal of publication, database, time frame, relevance language, geographical restrictions, and search descriptions) published in a broad range of internationally recognized journals, with special analytical focus placed on forty (40) recent articles. It provides fresh evidence that literature on overall private investment and that of foreign direct investment have been given paramount interest and attention, but domestic private investment has received relatively diminutive attention to date. This review will serve as a roadmap, indicating the current state, contributions made, and unsolved issues in the extant studies as well as situating works to enrich the literature. It, therefore, offers specific directions for researchers, academics, and practitioners.

Suggested Citation

  • Josephine Ofosu-Mensah Ababio & Anthony Q.Q. Aboagye & Charles Barnor & Samuel Kwaku Agyei, 2022. "Foreign and domestic private investment in developing and emerging economies: A review of literature," Cogent Economics & Finance, Taylor & Francis Journals, vol. 10(1), pages 2132646-213, December.
    • Handle: RePEc:taf:oaefxx:v:10:y:2022:i:1:p:2132646
    DOI: 10.1080/23322039.2022.2132646
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    Cited by:

    1. Ihor Zvarych & Olena Zvarych, 2024. "Organizational and Financial Support of Investment Project Management in the Economic Development of the Regions of Ukraine," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 3-13.
    2. Ajibola, Joseph Olusegun & Oladejo, Titilope Idowu & Adedapo, Kolawoledaud & Agunbiade, Kolawole Adeyemi, 2024. "The Role of Private Investment and the Relationship between Monetary Policy and Economic Growth in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(5), pages 655-672, May.
    3. Scalamonti, Francesco, 2024. "The foreign investments-growth nexus in underdeveloped countries: the state-of-art of research analysing a selected and recent empirical literature (2020-2022)," Technological Forecasting and Social Change, Elsevier, vol. 198(C).

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