Bounds Testing Approach : An Examination of Foreign Direct Investment, Trade, and Growth Relationships

This paper examines the long-run impact of foreign direct investment and trade on economic growth in Ghana. Using an augmented aggregate production function (APF) growth model, we apply the bounds testing (ARDL) approach to cointegration which is more appropriate for estimation in small sample studies. The data span for the study is from 1970 to 2002. The results indicated the impact of FDI on growth to be negative which is consistent with other past studies. Trade however was found to have significant impact on growth

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Year of publication:	[2014]
Authors:	Frimpong Magnus, Joseph
Other Persons:	Oteng-Abayie, Eric F. (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Auslandsinvestition \| Foreign investment \| Welt \| World \| Wirtschaftswachstum \| Economic growth \| Internationale Wirtschaft \| International economy

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Extent:	1 Online-Ressource (21 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: American Journal of Applied Sciences, Forthcoming
Classification:	C32 - Time-Series Models ; F14 - Country and Industry Studies of Trade ; F21 - International Investment; Long-Term Capital Movements ; F39 - International Finance. Other ; O11 - Macroeconomic Analyses of Economic Development ; O4 - Economic Growth and Aggregate Productivity
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012752120