Akademik Veri Yönetim Sistemi
Business and Economics Research Journal, cilt.9, sa.4, ss.749-760, 2018 (Hakemli Dergi)
This paper examines the impact of foreign direct investment and tradeopenness on economic growth for 34 Sub-Saharan African countries. The methodologyinvolves estimating the augmented endogenous growth model using panel data thatruns from 2006 to 2015. The coefficients of the estimated REM model are statisticallysignificant with all the signs compatible as expected. Our findings show that all thevariables are significant in explaining SSA growth. Specifically, foreign direct investmentand trade openness positively impact growth except inflation with a negative effect ongrowth. This study will assist the policy makers to increase effort towards the creationof favorable business climate that attract more foreign direct investment to SSA andenhance long term growth.