The Impact of Foreign Direct Investment on the Growth of the Liberian Economy (1980-2015)
作者单位：华中师范大学
学位级别：硕士
导师姓名：Wu Yan
授予年度：2018年
学科分类：02[经济学] 0202[经济学-应用经济学] 0201[经济学-理论经济学] 020105[经济学-世界经济] 020202[经济学-区域经济学]
摘 要：The Liberian economy has experienced one of the worst declines with an estimated 90%decline in its gross domestic product（GDP）between the years 1989 to *** level of GDP decline is said to be one of the worst declines in *** decline of the economy came about as a result of mismanagement and civil strife that ravished the country’s *** aim of this study was to analyze the impact of foreign direct investment on the economic growth of Liberia covering the period 1980 to *** ARDL Modeling orbound testing approach was employed to investigate the linkages among the multivariate time series in the Liberian economy and draw up optimal policy *** this study,the estimated ARDL using the real gross domestic product（RGDP）as a proxy for economic growth shows that there is a negative long-run relationship between FDI and economic *** long-run Granger Causality Test empirically portrays that the coefficients of RGDP and FDI are negatively signed and statistically significant in all Vector error correction models（VECMs）which means that,there is causality between the variables of interest in the *** findings revealed that FDI is negatively related to economic *** means until the right economic policies and measures are taken to positively impact the growth variables as lay out by the Solow model plus other variables especially those used in this research,foreign direct investment remains of less significance to the growth of the Liberian economy and that it should not be seen as a remedy to revitalize the Liberian economy as is widely believed to be by policy makers and international partners.
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