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The paper investigates the relationship between foreign direct investment and economic growth in ECOWAS using the System-GMM panel estimation technique covering the period 1970-2011.The study adopted System-GMM in order to overcome the weaknesses perceived in the empirical works of earlier...
Persistent link: https://www.econbiz.de/10013049582
In spite of the vast deposit of resources and human endowments in ECOWAS region, gains from trade have really been marginal in the region. ECOWAS region is characterized with poor performance in export of dynamic products; they remained commodity dependent in its exports, leading to transfer of...
Persistent link: https://www.econbiz.de/10013043936
The study assesses the relevance of infrastructural absorptive capacity in the foreign direct investment (FDI)-growth argument in ECOWAS. Though foreign aid has received a vast attention in the literature, however, an assessment of how the infrastructural readiness of the host economies drives...
Persistent link: https://www.econbiz.de/10012215181