Have a personal or library account? Click to login
Domestic Investment and Economic Growth Nexus: Does Absorptive Capacity Matter in The African Countries? Cover

Domestic Investment and Economic Growth Nexus: Does Absorptive Capacity Matter in The African Countries?

Open Access
|Oct 2023

References

  1. Adams, S. (2009), Foreign direct investment, domestic investment, and economic growth in sub-Saharan Africa, Journal of Policy Modeling, 31, 939-949.
  2. Adeniyi, O., Ajide, B., Salisu, A. (2015), Foreign capital flows, financial development and growth in sub-Saharan Africa, Journal of Economic Development, 40(3), 85-103.
  3. Ahamed, F. (2020), Impact of public and private investments on the economic growth of developing countries, Department of Economics, Northern Illinois University, 1-10.
  4. Ali, F. (2011), Essays on foreign direct investment, institutions, and economic growth. Ph.D. thesis: 209. The University of Glasgow, Glasgow, UK.
  5. Asteriou, D., Stephen, G.H. (2007), Applied econometrics: A modern approach. New York: Palgrave Macmillan.
  6. Barbi, F.C., Jose da Costa Jr., C. (2016), Does FDI matter for sustainable growth in sub-Saharan Africa? Evidence from a heterogeneous panel, Quantum Global Research Lab AG. Working Paper No. 2016/03.
  7. Chenery, H. B., Stout, A. (1996), Foreign assistance and economic development America, Economic Review, 55, 679-733.
  8. Emeka, A., Idenyi, O.S., Nweze, N.P. (2017), Domestic investment, capital formation and economic growth in Nigeria, International Journal of Research in Social Sciences, 7(2), 41-65.
  9. George, E.O., Ajayi, F.O. (2016), Structural change and economic growth in Nigeria: A demand side prospective (1986-2014). A Paper Presented at Economics Departmental Seminar in Olabisi Onabanjo University, Ago-Iwoye, Ogun state.
  10. Grossman, G.M., Helpman, E. (1994), Endogenous innovation in the theory of growth, Journal of Economic Perspectives, 8, 23-44.
  11. Gujarati, D.N. (2004), Basic econometrics (4th ed.). USA: Tata McGraw-Hill.
  12. Harrod, R.E. (1939), An essay in dynamic theory, Economic Journal, 49(193), 14-33.
  13. Mankiw N.G., Romer D., Weil D.N. (1992), A contribution to the empirics of economic growth, The Quarterly Journal of Economics, 107 (2), 407-437.
  14. Masoud, N. (2014), A contribution to the theory of economic growth: Old and new, Academic Journals, 6(3), 47-61.
  15. Nowbutsing, B. (2009), Foreign direct investment and economic growth channels-a review. http://smartech.gatechedu/bitstream/1853/35284/1245002088.
  16. Organization for Economic Cooperation and Development (OECD), (2008), OECD benchmark definition of foreign direct investment (4th ed.). Retrieved February 20 2017. http://www.oecd.org/publishing/corrigenda.
  17. Oyedokun, G.E., Ajose, K. (2018), Domestic investment and economy growth in Nigeria: An empirical investigation, International Journal of Business and Social Sciences, 9(2), 130-138.
  18. Ramirez, M.D., Nazmi, N. (2003), Public investment and economic growth in Latin America: An empirical test, Review of Department Economics, 7(1), 115-126.
  19. Rebelo, S. (1991), Long-run policy analysis and long-run growth, The Journal of Political Economy, 99(31), 500-521.
  20. Ribaj, A., Mexhuani, F. (2021), The impact of savings on economic growth in a developing country (the case of Kosovo), J Innov Entrep, 10, 1-13 Retrieved from https://doi.org/10.1186/s13731-020-00140-6.
  21. Saleem, M., Zaheer, R. (2008), A study on influence of domestic investment on the economic growth during 1980-2016, Journal of Global Economics, 6(3), 1-5.
  22. Solow, R.M. (1956), A contribution to the theory of economic growth, Quarterly Journal of Economics, 65-94.
  23. Tang, S., Selvanathan, E.A., Selvanathan, S. (2008), Foreign direct investment, domestic investment, and economic growth in China: A time series analysis, Research Paper No. 2008/19. Department of international Business and Asian Studies, Griffith University.
  24. UNCTAD, (2018), UnctadStat, united nations conference on trade and development, available from http://unctadstat.unctad.org/ReportFolders/reportFolders.aspx. Accessed February 2020.
  25. Zou, Y. (2006), Empirical studies on the relationship between public and private investment and GDP growth, Applied Economics, 38(11), 1259-1270.
DOI: https://doi.org/10.2478/sues-2023-0018 | Journal eISSN: 2285-3065 | Journal ISSN: 1584-2339
Language: English
Page range: 45 - 69
Submitted on: Aug 1, 2022
Accepted on: Dec 1, 2022
Published on: Oct 6, 2023
Published by: Vasile Goldis Western University of Arad
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2023 Oluwatosin Olatunji Ogunyomi-Oluyomi, Emmanuel Oladapo George, Olukayode Emmanuel Maku, Oluwaseyi A. Adelowokan, published by Vasile Goldis Western University of Arad
This work is licensed under the Creative Commons Attribution 4.0 License.