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Foreign Direct Investment (FDI) on Economic Growth: Congo Brazzaville’s Case
Current Issue
Volume 2, 2015
Issue 2 (April)
Pages: 30-38   |   Vol. 2, No. 2, April 2015   |   Follow on         
Paper in PDF Downloads: 56   Since Aug. 28, 2015 Views: 1035   Since Aug. 28, 2015
Authors
[1]
Mouele Mboungou Patrick Joe Stivell, School of Finance, Zhongnan University of Economics and Law, Wuhan, China.
[2]
Jinlin Zhang, School of Finance, Zhongnan University of Economics and Law, Wuhan, China.
Abstract
The purpose of our study is to assess the impact of foreign direct investment on economic growth in Congo (Brazzaville) over the period 1993-2004. In order to achieve this objective, we firstly proceeded with an analysis of FDI flows toward Congo and secondly, using an econometric evaluation with a panel analysis data collected in countries from the CEMAC zone over the same period. The data used were obtained from the World Bank basis Development Indicator (2004), which was sourced from the IMF and UNCTAD reports. This study shows that from the econometric estimation there are four variables that are statistically significant, and there is no causality of FDI on the economic growth despite the political context and the economic measures taken. However, economic growth is statistically significant on the FDI, only in the long term.
Keywords
Foreign Direct Investment, Economic Growth, Causality
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