scholarly journals Investigating the nexus among environmental pollution, economic growth, energy use, and foreign direct investment in 6 selected sub-Saharan African countries

2019 ◽  
Vol 26 (11) ◽  
pp. 11245-11260 ◽  
Author(s):  
Max William Ssali ◽  
Jianguo Du ◽  
Isaac Adjei Mensah ◽  
Duncan O. Hongo
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Environmental Pollution ◽  
Direct Investment ◽  
Energy Use ◽  
African Countries ◽  
Sub Saharan ◽  
Growth Energy

Exploring the Nexus among Environmental Pollution, Economic Growth Energy Use and Foreign Direct Investment in Sub Sahara Africa

2019 ◽  
Vol 8 (1) ◽  
pp. 54
Author(s):  
Max William Ssali ◽  
Jianguo Du ◽  
Isaac Adjei Mensah ◽  
Duncan O. Hongo
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Energy Use ◽  
Negative Impact ◽  
Test Panel ◽  
Cross Sectional ◽  
Long Run ◽  
Short Run ◽  
Growth Energy

This research seeks to enhance the current literature by exploring the nexus among environmental contamination, economic growth, energy use and foreign direct investment in 6 Selected Sub-Saharan-African-nations for a time of 34 years (1980-2014). By applying, panel unit root (CADF and CIPS, Cross-sectional independence test), panel cointegration (Pedroni and Kao cointegration test, Panel PP, Panel ADF), Hausman poolability test and an auto-regressive distributed lag procedure in view of the pooled mean group estimation (ARDL/PMG), experimental findings discloses that alluding to the related probability values, the null hypothesis of cross-sectional independence for all variables is rejected because they are not stationary at levels but rather stationary at their first difference. The variables are altogether integrated at the same order I(1). Findings revealed that there is a confirmation of a bi-directional causality between energy use and CO2 in the short-run as well as one-way causality running from energy use to CO2 in the long run. There is additionally a significant positive outcome and uni-directional causality from CO2 to foreign direct investment in the long-run yet no causal relationship in the short-run. An increase in energy use by 1% causes an increase in CO2 by 49%. An increase in economic growth by 1% causes an increment in CO2 by 16% and an increase in economic growth squared by 1% diminish CO2 by 46%. The positive and negative impact of economic growth and its square approve the EKC theory. To guarantee sustainable economic development Goal, more strict laws like sequestration ought to be worked out, use of sustainable power source ought to be stressed. GDP ought to be multiplied to diminish CO2 by the utilization of eco-technology for instance carbon capturing, to save lives and also to maintain a green environment.

scholarly journals Healthcare Expenditure and Economic Growth in Sub-Saharan Africa

2020 ◽  
pp. 1-7
Author(s):  
Birhanu Yimer Ali ◽  
Robert Moracha Ogeto
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Health Expenditure ◽  
Generalized Method Of Moments ◽  
Health Sector ◽  
Sub Saharan Africa ◽  
Domestic Saving ◽  
African Countries ◽  
Sub Saharan

This paper investigated the effect of health expenditure on economic growth in Sub Saharan Africa. The linear dynamic generalized method of moments instrumental variable (GMM-IV) was used on a panel data of 38 Sub-Saharan African countries over the period 2000-2016. Findings reveal that health expenditure significantly improves economic growth in Sub Saharan Africa. The separate effects of Public and private health expenditures have also shown a significant positive relationship on economic growth. In addition to health expenditure, other determinants like gross domestic saving, foreign direct investment, and labor force brought a statistically significant improvement on economic growth, whereas official development assistance has a statistically insignificant effect on economic growth. This study concluded that health expenditure is an important element in attaining improved economic growth in Sub-Saharan African Countries as it assured a healthy workforce and the country’s populace. Therefore, increasing the amount of health expenditure allocated to the health sector yields a better economy. More on, revising policies to improve gross domestic savings and foreign direct investment also assure a better economic growth.

scholarly journals An exploratory review of foreign direct investment and economic growth in four SSA countries

2013 ◽  
Vol 11 (1) ◽  
pp. 213-220
Author(s):  
Edmore Mahembe ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Import Substitution ◽  
Developed Countries ◽  
Sub Saharan Africa ◽  
African Countries ◽  
Middle Income ◽  
Fdi Inflows ◽  
Sub Saharan

This paper highlights the status of foreign direct investment (FDI) and economic growth in four middle-income sub-Saharan Africa countries, namely: Angola, Mauritius, Namibia and Seychelles. The study examines the individual countries’ policies and strategies that were aimed at boosting FDI and economic growth. The study finds that the FDI inflows were fairly low during the period the 1980s and the 1990s. This is mainly because during this period, the policies of these countries, like many other sub-Saharan African countries, hinged mainly on import substitution, socialism and centralized economic systems. However, following the implementation of policies, such as privatisation, liberalisation, structural-adjustments, etc, in the 1990s and 2000s, the FDI inflows into these countries increased significantly, especially from developed countries. The biggest recipient of FDI inflows among the four studied countries, however, was Angola – where the FDI inflows increased from US$ 2145.5 mill in 2001 to US$ 16581.0 million in 2008.

scholarly journals Impact of Foreign Aid and Foreign Direct Investment on Economic Growth: Evidence from Sub-Saharan African Countries

2014 ◽  
Vol 48 (1) ◽  
pp. 63-74 ◽  
Author(s):  
Masoud Rashid Mohamed ◽  
Shivee Ranjanee Kaliappan ◽  
Normaz Wana Ismail ◽  
W.N.W Azman Saini
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Foreign Aid ◽  
Direct Investment ◽  
African Countries ◽  
Sub Saharan

The Contribution of Foreign Direct Investment for Economic Growth of Ethiopia: Time Series Analysis

2018 ◽  
Vol 9 (02) ◽  
Author(s):  
Addissie Melak
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Foreign Direct Investment ◽  
Time Series Analysis ◽  
Direct Investment ◽  
Policy Framework ◽  
Annual Growth Rate ◽  
African Countries ◽  
Series Analysis ◽  
Integration Test

Economic growth of countries is one of the fundamental questions in economics. Most African countries are opening their economies for welcoming of foreign investors. As such Ethiopia, like many African countries took measures to attract and improve foreign direct investment. The purpose of this study is to examine the contribution of foreign direct investment (FDI) for economic growth of Ethiopia over the period of 1981-2013. The study shows an overview of Ethiopian economy and investment environment by the help of descriptive and econometric methods of analysis to establish empirical investigation for the contribution of FDI on Ethiopian economy. OLS method of time series analysis is employed to analyse the data. The stationary of the variables have been checked by using Augmented Dickey Fuller (ADF) Unit Root test and hence they are stationery at first difference. The co- integration test also shows that there is a long run relationship between the dependent and independent variables. Accordingly, the finding of the study shows that FDI, GDP per capita, exchange rate, total investment as percentage of GDP, inflow of FDI stock, trade as percentage of GDP, annual growth rate of GDP and liberalization of the economy have positive impact on Ethiopian GDP. Whereas Gross fixed domestic investment, inflows of FDI and Gross capital formation influence economic growth of Ethiopia negatively. This finding suggests that there should be better policy framework to attract and improve the volume of FDI through creating conducive environment for investment.

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