scholarly journals The Impact of External Debt and Foreign Direct Investment on Economic Growth: Empirical Evidence from Tanzania

Author(s):  
Moga Tano Jilenga ◽  
Helian Xu ◽  
Igor-Mathieu Gondje-Dacka
Author(s):  
Adubofour Isaac ◽  
Mangudhla Tinashe ◽  
Dadzie Benjamin Mensah

The debt position of a country is crucial to the growth of its economy. We argue with empirical basis in this study that, external debt has impact on the growth of Ghana’s economy. A time- series data, spanning from 1991-2019 was analyzed. The findings of the study suggested a statistically significant and inverse relationship between external debt and economic growth. It is also argued in the study that, Ghana’s inflation regime has a significant impact on the growth of her economy. The study further verified the relationship between foreign direct investment and economic growth in Ghana. Results of the study revealed a significant and direct relationship between foreign direct investment in Ghana and the growth of the country’s economy. A test on granger causality found no causal linkage between external debt and economic growth in Ghana. The contribution of the study was finally discussed and limitations stated to serve as a guide for future study.


2021 ◽  
pp. 0958305X2110453
Author(s):  
Jaleel Ahmed ◽  
Shuja ur Rehman ◽  
Zaid Zuhaira ◽  
Shoaib Nisar

This study examines the impact of financial development on energy consumption for a wide array of countries. The estimators used for financial development are foreign direct investment, economic growth and urbanization. The study employed a panel data regression on 136 countries with time frame of years 1990 to 2019. The model in this study deploys system GMM technique to estimate the model. The results show that financial development has a significant negative impact on energy consumption overall. Foreign direct investment and urbanization has significant impact on energy consumption. Also, economic growth positive impact on energy consumption its mean that economic growth promotes energy consumption. When dividing further the sample into different groups of regions such as Asian, European, African, North/Latin American and Caribbean countries then mixed results related to the nexus between financial development and energy consumption with respect to economic growth, urbanization and foreign direct investment. The policymakers in these different groups of countries must balance the relationship between energy supply and demand to achieving the sustainable economic development.


Author(s):  
Yusheng Kong ◽  
Sampson Agyapong Atuahene ◽  
Geoffrey Bentum-Mican ◽  
Abigail Konadu Aboagye

This paper aims to research whether there is link between FDI inflows and Economic growth in the Republic of Seychelles Island. The ordinary least square results obtained shows that in the impact of FDI inflows on economic growth is low. Small Island Developing States attracts less FDI inflow because they are limited to few resources that attracts overseas firms which results in retarded development. The research lighted that impact of foreign direct investment on host countries does not only depend on the quality and quantity of the FDI inflows but some other variables such as the internal policies and the management skills, market structures, economic trends among others.


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