Multiple Regression and Structural Analysis of Foreign Direct Investment (FDI) in Ghana (1994-2010).

Buckman Akuffo

Abstract


Foreign Direct Investment (FDI) has been one of the topical issues in international economics, especially, from the past decade. Empirical research on FDI in developing countries, such as Ghana, has been relatively scarce even though there has been a lot of work on the trends in FDI. This  study  attempts  to  examine  the  trend of  Foreign Direct   Investment (FDI) in Ghana  and   its relationship  with  some  selected  economic  indicators   such  as   exchange rate, inflation, interest rates, Gross Domestic Product (GDP) as well as employment and the structural stability of FDIs with respect to the variables. Yearly data on FDI was used for the study spanning from 1994 to 2010. Results from the study indicated that FDI inflows into the country had experienced an increasing trend and undergone structural changes over the period under study. Furthermore, exchange rates and GDP growth played a significant role in attracting FDI into the country.

Key words: structural change, stochastic, chow test, trend, multiple regression.

 


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DOI: http://dx.doi.org/10.18533/ijbsr.v4i4.387

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International journal of business and social research (Print)
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[International Journal of Business and Social Research (IJBSR) previously published by MIR Center for Socio-Economic Research, MD, USA. From February 2018 this journal is published by the LAR Center Press, OR, USA]