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Generally,it is not possible,for a developing country like Niger to grow without import of capital because of the gaps exist in domestic savings and capital requirements.The main objective of the paper is to investigate the impact of Foreign Direct Investment(FDI)on economic growth during the period 1994-2010 in Niger.Using exchange rate and total domestic savings as the explanatory variables and the dependent variable GDP,and using the ordinary least squares(OLS) regression,the result showed that Foreign Direct Investment has significant impact on economic growth in Niger during 1991-2009.Although the relationship between FDI and economic growth was found to be statistically insignificant,there still exists a goal positive relationship.Therefore,to attract more Foreign Direct Investment to Niger the government should encourage more domestic investment,ensure stability and make politic guided openness of the economy in order to make FDI enhancing growth in Niger.
Generally, it is not possible, for a developing country like Niger to grow without import of capital because of the gaps exist in domestic savings and capital requirements. The main objective of the paper is to investigate the impact of Foreign Direct Investment (FDI) on economic growth during the period 1994-2010 in Niger. Using exchange rate and total domestic savings as the explanatory variables and the dependent variable GDP, and using the ordinary least squares (OLS) regression, the result showed that Foreign Direct Investment has significant impact on economic growth in Niger during 1991-2009.Although the relationship between FDI and economic growth was found to be statistically insignificant, there still exists a goal positive relationship. Wherefore, to attract more Foreign Direct Investment to Niger the government should encourage more domestic investment, ensure stability and make politic guided openness of the economy in order to make FDI enhancing growth in Niger.