Dublin Core
Title
Asymmetric relationships among financial sector development, corruption, foreign direct investment, and economic growth in sub-Saharan Africa
Creator
K. Asafo-Adjei, E., Owusu Junior, P., Adam, A. M., Arthur, C. L., Boateng, E., & Ankomah
Description
Prior studies on the relationship between FDI and growth have generally concentrated on mean effects, or average growth benefits. It seems improbable that the majority of sub-Saharan economies will have similar “average” economic growth, hence the emphasis on mean effects in particular falls short. All other drivers can be seen to have an impact based on the uneven growth rates of these economies. The current study brings new evidence about the asymmetric relationship between foreign direct investment (FDI) and economic growth amidst financial sector development (FSD) and corruption covering a sample period of 2002 to 2020 for 48 sub-Saharan economies. For this reason, the instrumental variables panel quantile regression technique is employed to achieve the purpose of the study. The study finds that FDI inflows have a significant positive relationship with economic growth for economies with low …
Publisher
Cogent Economics & Finance
Date
2023
Source
https://scholar.google.com/citations?view_op=view_citation&hl=en&user=QN2MUMkAAAAJ&citation_for_view=QN2MUMkAAAAJ:Tyk-4Ss8FVUC
Language
English