The Effects of Foreign Direct Investment on the Economic Growth in Developing Countries: Case Study of Cameroon
This thesis aims to empirically investigate the impact of Foreign Direct Investment on economic growth and other relatively important factors which stimulate the process of economic growth in the economy of Cameroon between the periods of 1970 to 2012 by conducting the Autoregressive Distributed Lag...
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Eastern Mediterranean University (EMU) - Doğu Akdeniz Üniversitesi (DAÜ)
2015
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Online Access: | http://hdl.handle.net/11129/3278 |
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fteastmediterrun:oai:i-rep.emu.edu.tr:11129/3278 2023-05-15T18:13:59+02:00 The Effects of Foreign Direct Investment on the Economic Growth in Developing Countries: Case Study of Cameroon Chetcho, Charles Djila Fethi, Sami 2015-07 http://hdl.handle.net/11129/3278 eng eng Eastern Mediterranean University (EMU) - Doğu Akdeniz Üniversitesi (DAÜ) Chetcho, Charles Djila. (2015). The Effects of Foreign Direct Investment on the Economic Growth in Developing Countries: Case Study of Cameroon. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus. http://hdl.handle.net/11129/3278 info:eu-repo/semantics/openAccess Business Administration Economic Conditions and Development - Cameroon Investments Foreign - Cameroon Economic Growth FDI labor ARDL Cameroon Economy masterThesis 2015 fteastmediterrun 2022-03-02T17:06:50Z This thesis aims to empirically investigate the impact of Foreign Direct Investment on economic growth and other relatively important factors which stimulate the process of economic growth in the economy of Cameroon between the periods of 1970 to 2012 by conducting the Autoregressive Distributed Lag (ARDL) Bounds testing approach for analysing the growth model derived. In order to explain the changes occurred in real GDP over the study period, the model retained two domestic factors (capital stock, and labor force), and one external factor Foreign Direct Investment (FDI) as independent variables. Recent analytical techniques have been used to diagnose and check properties of time series data then, the model has been estimated to determine the short and long-term elasticities and their significance. The empirical results points out that in the short and long-term, domestic capital stock and labor represent the driving forces for economic growth in Cameroon. In addition, FDI was found to have a positive but insignificant impact on economic growth in both the long and short-term periods in the case of Cameroon. Error-correction model has been used to support the existence of a stable long-term relationship and confirm a deviation from the long-term equilibrium following a short-term shock corrected by approximately 13 percent after each year. Keywords: Economic Growth, Investment, FDI, labor, ARDL, Cameroon Economy ÖZ: Bu tezin ana hedefi ampirik olarak Kamerun ekonomisindeki doğrudan yabancı yatırımın ekonomik büyüme üzerindeki etkisini ölçer. Ayrıca, fiziksel sermaye, ve işci gücü sayısı gibi diğer göreceli faktörlerin ekonomik büyüme üzerindeki uzun ve kısa dönemli ilşkisini otoregresif dağıtılmış gecikme test ile ölçer (ARDL). Otoregresif dağıtılmış gecikme testi kullanılarak 1970 ile 2012 yılları arasında Kamerun’un ekonomik büyümesi incelenmiştir. Gayri safi milli hasıla’daki değişimlerin açıklamak için iki içsel (sermaye, ve emek) birde dışsal faktör kullanılmıştır. Ampirik bulgular fiziksel sermaye, ve işci gücü sayısının hem uzun hemde kısa dönemli ekonomik büyüme üzerinde etkili olduğu belirlenmiştir. İleveten, doğrudan yabancı yatırımın ekonomik büyüme üzerinde uzun ve kısa süreli etkisi bulunamamıştır. Bunun paralelinde Kamerun ekonomisinde iş gücü’nün, fiziksel yatırımlardan ve diğer belirtilen faktörlerden daha etkin bir şekilde ekonomik büyümeyi etkilediği bulunmuştur. Kısa dönem hata düzeltme modelinde ise, tahmin edilen katsayıya göre uzun dönem dengesine ulaşma hızı yüzde 13 olarak hesplanırken kısa dönemli hatalar yıl bazında düzelmektedir. Anahtar kelimeler: Ekonomik büyüme; otoregresif dağıtılmış gecikme testi (ARDL); Kamerun ekonomisi, fiziksel sermaye, doğrudan yabancı yatırımın, işci gücü sayısı Master of Business Administration. Thesis (M.B.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2015. Supervisor: Prof. Dr. Sami Fethi. Master Thesis sami Eastern Mediterranean University Institutional Repository (EMU I-REP), Famagusta |
institution |
Open Polar |
collection |
Eastern Mediterranean University Institutional Repository (EMU I-REP), Famagusta |
op_collection_id |
fteastmediterrun |
language |
English |
topic |
Business Administration Economic Conditions and Development - Cameroon Investments Foreign - Cameroon Economic Growth FDI labor ARDL Cameroon Economy |
spellingShingle |
Business Administration Economic Conditions and Development - Cameroon Investments Foreign - Cameroon Economic Growth FDI labor ARDL Cameroon Economy Chetcho, Charles Djila The Effects of Foreign Direct Investment on the Economic Growth in Developing Countries: Case Study of Cameroon |
topic_facet |
Business Administration Economic Conditions and Development - Cameroon Investments Foreign - Cameroon Economic Growth FDI labor ARDL Cameroon Economy |
description |
This thesis aims to empirically investigate the impact of Foreign Direct Investment on economic growth and other relatively important factors which stimulate the process of economic growth in the economy of Cameroon between the periods of 1970 to 2012 by conducting the Autoregressive Distributed Lag (ARDL) Bounds testing approach for analysing the growth model derived. In order to explain the changes occurred in real GDP over the study period, the model retained two domestic factors (capital stock, and labor force), and one external factor Foreign Direct Investment (FDI) as independent variables. Recent analytical techniques have been used to diagnose and check properties of time series data then, the model has been estimated to determine the short and long-term elasticities and their significance. The empirical results points out that in the short and long-term, domestic capital stock and labor represent the driving forces for economic growth in Cameroon. In addition, FDI was found to have a positive but insignificant impact on economic growth in both the long and short-term periods in the case of Cameroon. Error-correction model has been used to support the existence of a stable long-term relationship and confirm a deviation from the long-term equilibrium following a short-term shock corrected by approximately 13 percent after each year. Keywords: Economic Growth, Investment, FDI, labor, ARDL, Cameroon Economy ÖZ: Bu tezin ana hedefi ampirik olarak Kamerun ekonomisindeki doğrudan yabancı yatırımın ekonomik büyüme üzerindeki etkisini ölçer. Ayrıca, fiziksel sermaye, ve işci gücü sayısı gibi diğer göreceli faktörlerin ekonomik büyüme üzerindeki uzun ve kısa dönemli ilşkisini otoregresif dağıtılmış gecikme test ile ölçer (ARDL). Otoregresif dağıtılmış gecikme testi kullanılarak 1970 ile 2012 yılları arasında Kamerun’un ekonomik büyümesi incelenmiştir. Gayri safi milli hasıla’daki değişimlerin açıklamak için iki içsel (sermaye, ve emek) birde dışsal faktör kullanılmıştır. Ampirik bulgular fiziksel sermaye, ve işci gücü sayısının hem uzun hemde kısa dönemli ekonomik büyüme üzerinde etkili olduğu belirlenmiştir. İleveten, doğrudan yabancı yatırımın ekonomik büyüme üzerinde uzun ve kısa süreli etkisi bulunamamıştır. Bunun paralelinde Kamerun ekonomisinde iş gücü’nün, fiziksel yatırımlardan ve diğer belirtilen faktörlerden daha etkin bir şekilde ekonomik büyümeyi etkilediği bulunmuştur. Kısa dönem hata düzeltme modelinde ise, tahmin edilen katsayıya göre uzun dönem dengesine ulaşma hızı yüzde 13 olarak hesplanırken kısa dönemli hatalar yıl bazında düzelmektedir. Anahtar kelimeler: Ekonomik büyüme; otoregresif dağıtılmış gecikme testi (ARDL); Kamerun ekonomisi, fiziksel sermaye, doğrudan yabancı yatırımın, işci gücü sayısı Master of Business Administration. Thesis (M.B.A.)--Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Business Administration, 2015. Supervisor: Prof. Dr. Sami Fethi. |
author2 |
Fethi, Sami |
format |
Master Thesis |
author |
Chetcho, Charles Djila |
author_facet |
Chetcho, Charles Djila |
author_sort |
Chetcho, Charles Djila |
title |
The Effects of Foreign Direct Investment on the Economic Growth in Developing Countries: Case Study of Cameroon |
title_short |
The Effects of Foreign Direct Investment on the Economic Growth in Developing Countries: Case Study of Cameroon |
title_full |
The Effects of Foreign Direct Investment on the Economic Growth in Developing Countries: Case Study of Cameroon |
title_fullStr |
The Effects of Foreign Direct Investment on the Economic Growth in Developing Countries: Case Study of Cameroon |
title_full_unstemmed |
The Effects of Foreign Direct Investment on the Economic Growth in Developing Countries: Case Study of Cameroon |
title_sort |
effects of foreign direct investment on the economic growth in developing countries: case study of cameroon |
publisher |
Eastern Mediterranean University (EMU) - Doğu Akdeniz Üniversitesi (DAÜ) |
publishDate |
2015 |
url |
http://hdl.handle.net/11129/3278 |
genre |
sami |
genre_facet |
sami |
op_relation |
Chetcho, Charles Djila. (2015). The Effects of Foreign Direct Investment on the Economic Growth in Developing Countries: Case Study of Cameroon. Thesis (M.A.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Business Administration, Famagusta: North Cyprus. http://hdl.handle.net/11129/3278 |
op_rights |
info:eu-repo/semantics/openAccess |
_version_ |
1766186662739574784 |