Seyoum, Mebratu; Wu, Renshui; Lin, Jihong - In: Social Indicators Research 122 (2015) 1, pp. 45-64
This paper uses annual balanced panel data to examine the Granger causal link between foreign direct investment (FDI) and economic growth (measured by real GDP growth) for 23 African countries covering the period from 1970 to 2011. Using recently developed panel econometric techniques the...