Acta Universitatis Danubius. Œconomica, Vol 15, No 6 (2019)

Does FDI cause Economic Growth?

Alexander Maune, Ephraim Matanda

Abstract


This article examined the impact of foreign direct investment on economic growth and development in Zimbabwe. There is, however, inconsistency regarding the impact of foreign direct investment on economic growth and development across economies. An econometric strategy was used to test the depth of correlation between the variables by applying the regression analysis of the Ordinary Least Squares approach for the period 1991 – 2017. The findings of the study show that foreign direct investment had a positive correlation coefficient with Gross Domestic Product and was statistically significant at all levels. Policy recommendations are provided in light of the study findings.


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