FDI AS A CONTRIBUTING FACTOR TO ECONOMIC GROWTH IN BURKINA FASO: HOW TRUE IS THIS?

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2019-05-21 DOI:10.1142/S2194565919500040

Zezethu Zandile, A. Phiri

{"title":"FDI AS A CONTRIBUTING FACTOR TO ECONOMIC GROWTH IN BURKINA FASO: HOW TRUE IS THIS?","authors":"Zezethu Zandile, A. Phiri","doi":"10.1142/S2194565919500040","DOIUrl":null,"url":null,"abstract":"Much emphasis has been placed on attracting Foreign Direct Investment (FDI) into Burkina Faso as a catalyst for improved economic growth within the economy. Against the lack of empirical evidence for evaluating this claim, we use data collected from 1970 to 2017 to investigate the FDI-growth nexus for the country using the ARDL bounds cointegration analysis. Our empirical model is derived from endogenous growth theoretical framework in which FDI may have direct or spillover effects on economic growth via improved human capital development as well as technological developments reflected in urbanization and improved export growth. Our findings fail to establish any direct or indirect effects of FDI on economic growth except for FDI’s positive interaction with export-oriented growth, albeit being constrained to the short-run. Therefore, in summing up our recommendations, political reforms and the building of stronger economic ties with the international community in order to raise investor confidence, which has been historically problematic, should be at the top of the agenda for policymakers in Burkina Faso.","PeriodicalId":1,"journal":{"name":"Accounts of Chemical Research","volume":null,"pages":null},"PeriodicalIF":16.4000,"publicationDate":"2019-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"11","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Accounts of Chemical Research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1142/S2194565919500040","RegionNum":1,"RegionCategory":"化学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"CHEMISTRY, MULTIDISCIPLINARY","Score":null,"Total":0}

引用次数: 11

Abstract

Much emphasis has been placed on attracting Foreign Direct Investment (FDI) into Burkina Faso as a catalyst for improved economic growth within the economy. Against the lack of empirical evidence for evaluating this claim, we use data collected from 1970 to 2017 to investigate the FDI-growth nexus for the country using the ARDL bounds cointegration analysis. Our empirical model is derived from endogenous growth theoretical framework in which FDI may have direct or spillover effects on economic growth via improved human capital development as well as technological developments reflected in urbanization and improved export growth. Our findings fail to establish any direct or indirect effects of FDI on economic growth except for FDI’s positive interaction with export-oriented growth, albeit being constrained to the short-run. Therefore, in summing up our recommendations, political reforms and the building of stronger economic ties with the international community in order to raise investor confidence, which has been historically problematic, should be at the top of the agenda for policymakers in Burkina Faso.

查看原文本刊更多论文

外国直接投资是布基纳法索经济增长的一个促进因素:这是真的吗?

布基纳法索非常重视吸引外国直接投资，作为促进经济内部经济增长的催化剂。针对缺乏经验证据来评估这一说法，我们使用1970年至2017年收集的数据，使用ARDL边界协整分析来调查该国的外国直接投资增长关系。我们的实证模型来源于内生增长理论框架，其中FDI可能通过改善人力资本开发以及反映在城市化和改善出口增长中的技术发展对经济增长产生直接或溢出效应。除了FDI与出口导向型增长的积极互动外，我们的研究结果未能确定FDI对经济增长的任何直接或间接影响，尽管这种影响仅限于短期。因此，在总结我们的建议时，政治改革和与国际社会建立更强的经济联系，以提高投资者的信心，这在历史上一直存在问题，应该是布基纳法索决策者议程的首要任务。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.