Mishra, Manoj Kumar
Critical analysis of FDI and economic growth in Ethiopia - Bihar Journal of Public Administration - 18(2), Jul-Dec, 2020: p.482-493
Investment is the prime driver of economic growth and development of any country. Foreign direct investment serves as a strong mechanism for the encouragement and spread of business opportunities in developing and industrialized economies thereby enhancing economic development in developing countries. It has been argued in numerous studies that FDI contributes positively to economic development in the host economies. As such, the present study analyzes the impact of FDI on economic growth of Ethiopia. This study is based on secondary data related to investment, FDI, GDP etc. The examination has been done for the period from 1992 to 2019. Data used in the study shows correlation between GDP growth rate, FDI and GCF. GDP growth fluctuates over the time considered, with most noticeable changes in 1985 due to major drought and famine and early 1990s due to civil war in 1990s. It further reveals that there is systematic correlation between GCF and GDP growth before 1991. The present study suggests that the higher the FDI the greater is the economic growth in Ethiopia with more focus on infrastructural development. – Reproduced
Economic growth, FDI, Agriculture, Industry, Service sector, Infrastructure, Ethiopia.
Critical analysis of FDI and economic growth in Ethiopia - Bihar Journal of Public Administration - 18(2), Jul-Dec, 2020: p.482-493
Investment is the prime driver of economic growth and development of any country. Foreign direct investment serves as a strong mechanism for the encouragement and spread of business opportunities in developing and industrialized economies thereby enhancing economic development in developing countries. It has been argued in numerous studies that FDI contributes positively to economic development in the host economies. As such, the present study analyzes the impact of FDI on economic growth of Ethiopia. This study is based on secondary data related to investment, FDI, GDP etc. The examination has been done for the period from 1992 to 2019. Data used in the study shows correlation between GDP growth rate, FDI and GCF. GDP growth fluctuates over the time considered, with most noticeable changes in 1985 due to major drought and famine and early 1990s due to civil war in 1990s. It further reveals that there is systematic correlation between GCF and GDP growth before 1991. The present study suggests that the higher the FDI the greater is the economic growth in Ethiopia with more focus on infrastructural development. – Reproduced
Economic growth, FDI, Agriculture, Industry, Service sector, Infrastructure, Ethiopia.