Trade and Foreign Direct Investment Nexus in West Africa: Does Export Category Matter?

2016 ◽  
pp. 109-133 ◽  
Author(s):  
Chukwuka Onyekwena ◽  
Idris Ademuyiwa ◽  
Eberechukwu Uneze
Keyword(s):  
Foreign Direct Investment ◽  
West Africa ◽  
Direct Investment

scholarly journals Does Foreign Presence Influence the Level of Firm Technical Efficiency? Evidence from Africa

2021 ◽  
Vol 6 (1) ◽  
pp. 1-20
Author(s):  
Anthony Orji ◽  
Jonathan E. Ogbuabor ◽  
Gabriel Chiangi Aza ◽  
Onyinye I. Anthony-Orji
Keyword(s):  
Foreign Direct Investment ◽  
West Africa ◽  
Technical Efficiency ◽  
Direct Investment ◽  
Positive Impact ◽  
Stochastic Frontier ◽  
Firm Level ◽  
Frontier Production Function ◽  
World Bank Enterprise Survey ◽  
The Impact

Abstract This study investigates the impact of foreign direct investment on the level of firm technical efficiency in West Africa. Firms from Nigeria, Ghana, Sierra Leone and the Gambia were sampled due to the fact that they used to belong to the British Empire. The data, sourced from the World Bank enterprise survey, covers the period from 2006 to 2018, with the sampled countries having data for different years. A time varying stochastic frontier production function for panel was developed for this enquiry. The findings of the study show that foreign direct investment has a significant and positive impact on both technical efficiency and productivity of firms in West Africa. Controlling for other effects, international trade and firm size both have positive and significant effects on firm level technical efficiency. Therefore, policies should be aimed at encouraging more inflows and maintenance of the stock of foreign direct investment to avert divestments. This includes, but is not limited to, ensuring sociopolitical stability and introducing policies that would remove bureaucratic bottlenecks from the path of direct investment inflow and simplify the process of doing business in these countries.

scholarly journals Globalisation and Economic Growth in West Africa

2021 ◽  
Author(s):  
Benjamin Wanger ◽  
Osman Nuri Aras
Keyword(s):  
Foreign Direct Investment ◽  
West Africa ◽  
Gross Domestic Product ◽  
Least Squares ◽  
Direct Investment ◽  
Ordinary Least Squares ◽  
Domestic Product ◽  
African Countries ◽  
Causality Test ◽  
Long Run

Abstract Economic integration among countries could be beneficial to trading partners if properly handled through appropriate regulation of production, distribution, and consumption. However, it appears developing countries often do not benefit from their relations with other countries at advanced stages of developed. It is in view of this that this research was conducted with concentration on West Africa. Panel Cointegration techniques including Fully Modified Ordinary Least Squares, Dynamic Ordinary Least Squares and Dumitrescu-Hurlin Panel Causality Test were applied using time series on Gross Domestic Product, Exports, Imports and Foreign Direct Investment of eight West African countries from 1960 – 2019. while a positive and significant long run causal relationship was found between Exports, Imports as aspects of globalisation and Gross Domestic Product, there was an observed negative long run relationship between Foreign Direct Investment and Gross Domestic Product. Export promotion, hight import tariffs, the local content initiative, liberal migration policies and strong regulatory machinery were recommended.JEL Codes: FGHO

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