Relationship between FDI and economic growth: a comparative panel study between Asian and African LDCs
This thesis is submitted in partial fulfillment of the requirements for the degree of Master of Science in Applied Economics, 2023.
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Brac University
2023
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10361-186432023-06-20T21:02:01Z Relationship between FDI and economic growth: a comparative panel study between Asian and African LDCs Abedin, Taasin Khan, Wasiqur Rahman Department of Economics and Social Sciences, Brac University GDP growth LDC FDI Fixed effect Random effect Pooled OLS Economic development Investments, Foreign This thesis is submitted in partial fulfillment of the requirements for the degree of Master of Science in Applied Economics, 2023. Cataloged from PDF version of thesis. Includes bibliographical references (pages 43-52). This paper investigates the relationship between foreign direct investment (FDI) and economic growth in selected least developed countries of Asia (Bangladesh, Bhutan, Cambodia, and Nepal) and Africa (Comoros, Mali, Senegal, and Uganda). The study aims to provide a comprehensive comparison of the impact of FDI on economic growth in these regions and to examine whether initial conditions and country-specific features can explain differences in the growth benefits of FDI. Using panel data regression techniques and twenty years (2002-2021) data from World Development Indicators and UNCTAD, the study finds that FDI is an important contributor to economic growth in the selected Asian and African countries. The dependent variable for the study is economic growth and the independent variables are FDI inflow, capital investment, inflation, external trade, and external debt shocks. The results of foreign direct investment in various countries have been beneficial for economic growth. Additionally, the analysis shows that on average, African countries experience a greater impact of FDI on economic growth compared to the selected Asian countries, despite the higher GDP growth in the Asian region. The study also found that economic growth is negatively affected by debt shock and inflation, while exports expansion and capital investment have a positive impact on economic growth. Overall, the study adds to the existing empirical literature by exploring an under-researched area and providing valuable insights into the role of FDI in promoting economic growth in least developed countries. Taasin Abedin M. in Economics 2023-06-20T08:52:28Z 2023-06-20T08:52:28Z 2023 2023-02 Thesis ID 21375010 http://hdl.handle.net/10361/18643 en Brac University theses are protected by copyright. This may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. 52 pages application/pdf Brac University |
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Brac University |
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Institutional Repository |
| language |
English |
| topic |
GDP growth LDC FDI Fixed effect Random effect Pooled OLS Economic development Investments, Foreign |
| spellingShingle |
GDP growth LDC FDI Fixed effect Random effect Pooled OLS Economic development Investments, Foreign Abedin, Taasin Relationship between FDI and economic growth: a comparative panel study between Asian and African LDCs |
| description |
This thesis is submitted in partial fulfillment of the requirements for the degree of Master of Science in Applied Economics, 2023. |
| author2 |
Khan, Wasiqur Rahman |
| author_facet |
Khan, Wasiqur Rahman Abedin, Taasin |
| format |
Thesis |
| author |
Abedin, Taasin |
| author_sort |
Abedin, Taasin |
| title |
Relationship between FDI and economic growth: a comparative panel study between Asian and African LDCs |
| title_short |
Relationship between FDI and economic growth: a comparative panel study between Asian and African LDCs |
| title_full |
Relationship between FDI and economic growth: a comparative panel study between Asian and African LDCs |
| title_fullStr |
Relationship between FDI and economic growth: a comparative panel study between Asian and African LDCs |
| title_full_unstemmed |
Relationship between FDI and economic growth: a comparative panel study between Asian and African LDCs |
| title_sort |
relationship between fdi and economic growth: a comparative panel study between asian and african ldcs |
| publisher |
Brac University |
| publishDate |
2023 |
| url |
http://hdl.handle.net/10361/18643 |
| work_keys_str_mv |
AT abedintaasin relationshipbetweenfdiandeconomicgrowthacomparativepanelstudybetweenasianandafricanldcs |
| _version_ |
1814309508100390912 |