Abstract
This study investigates the impact of Foreign Direct Investment (FDI) on economic growth in African countries. Based on the Solow and Endogenous growth models, the research reveals a significant positive correlation between FDI and economic growth. The paper emphasizes the importance of considering the unique social, economic, and political contexts of individual African countries to maximize the benefits of FDI. It employs a multivariate regression model to analyze the relationship between FDI and GDP growth, while controlling for country-specific and time-specific factors. This research contributes to the existing body of literature by providing a nuanced understanding of FDI's role in Africa's economic development, offering valuable insights for policymakers, investors, and other stakeholders interested in promoting sustainable economic growth in Africa.
Advisor
Krause, Brooke
Department
Economics
Recommended Citation
Saadi, Muhammad Moustafa, "Exploring the Impact of Foreign Direct Investment on Economic Growth in Africa" (2024). Senior Independent Study Theses. Paper 11150.
https://openworks.wooster.edu/independentstudy/11150
Disciplines
Management Sciences and Quantitative Methods
Keywords
Foreign Direct Investment, Economic Growth
Publication Date
2024
Degree Granted
Bachelor of Arts
Document Type
Senior Independent Study Thesis
© Copyright 2024 Muhammad Moustafa Saadi