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Do External Debt and Foreign Direct Investment (FDI) Inflow support Economic Growth? Evidence from Ghana

dc.contributor.authorYeboah, Evans
dc.contributor.authorBamwesigye, Dastan
dc.contributor.authorOzbalci, Seval
dc.contributor.authorAtiso, Francis
dc.date.accessioned2023-03-28T14:37:33Z
dc.date.available2023-03-28T14:37:33Z
dc.date.issued2023-03-27
dc.identifier.issn2391-6478
dc.identifier.urihttp://hdl.handle.net/11089/46434
dc.description.abstractThe purpose of the article/hypothesis: The prime objective of this study is to discover whether external debt and foreign direct investment promote economic development. The paper investigates whether external debt and foreign direct investment inflows stimulate economic growth, intending to determine the causal relationship between the variables to serve as a substantial factor for policymakers.Methodology: Numerous econometrics techniques were employed to ensure the findings' effectiveness and accuracy, including the stationarity test, Johansen cointegration test, and multiple regression (ordinary least squares). The hypothesis test that external debt and foreign direct investment inflows do not attain their justification of ensuring economic growth was conducted empirically.Results of the research: The outcome revealed that external debt and foreign direct investment positively and significantly support Ghana's economic growth. This leads to the conclusion that these variables fulfilled their purpose.en
dc.description.abstractCel artykułu/hipoteza: Podstawowym celem niniejszego badania jest odkrycie, czy zadłużenie zewnętrzne i bezpośrednie inwestycje zagraniczne sprzyjają rozwojowi gospodarczemu. W artykule zbadano, czy zadłużenie zewnętrzne i napływ bezpośrednich inwestycji zagranicznych stymulują wzrost gospodarczy oraz określono związek przyczynowy między zmiennymi, które będą istotnym czynnikiem dla decydentów.Metodyka: Aby zapewnić skuteczność i dokładność wyników, zastosowano liczne techniki ekonometryczne, w tym test stacjonarności, test kointegracji Johansena oraz regresję wielokrotną (Metoda Najmniejszych Kwadratów). Hipoteza artykułu, czy zadłużenie zagraniczne i napływ bezpośrednich inwestycji zagranicznych nie znajdują uzasadnienia dla zapewnienia wzrostu gospodarczego, została przeprowadzona empirycznie.Wyniki/Rezultaty badania: Wyniki wykazały, że zadłużenie zewnętrzne oraz bezpośrednie inwestycje zagraniczne pozytywnie i istotnie wypływają na wzrost gospodarczy Ghany, co prowadzi do wniosku, że zmienne te spełniły swoje zadanie.pl
dc.language.isoen
dc.publisherWydawnictwo Uniwersytetu Łódzkiegopl
dc.relation.ispartofseriesFinanse i Prawo Finansowe;37pl
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0
dc.subjectExternal debten
dc.subjectFDIen
dc.subjecteconomic growthen
dc.subjectGDPen
dc.subjectGhanaen
dc.subjectdług zewnętrznypl
dc.subjectFDIpl
dc.subjectwzrost gospodarczypl
dc.subjectPKBpl
dc.subjectGhanapl
dc.titleDo External Debt and Foreign Direct Investment (FDI) Inflow support Economic Growth? Evidence from Ghanaen
dc.title.alternativeCzy zadłużenie zewnętrzne i napływ bezpośrednich inwestycji zagranicznych (FDI) wspierają wzrost gospodarczy? Dowody z Ghanypl
dc.typeArticle
dc.page.number139-154
dc.contributor.authorAffiliationYeboah, Evans - Department of Business Economics, Faculty of Business and Economics, Mendel University in Brno, Czech Republicen
dc.contributor.authorAffiliationBamwesigye, Dastan - Department of Forest and Wood Products Economics and Policy, Department of Landscape Management Faculty of Forestry and Wood Technology, Mendel University in Brno, CREA Hydro&Energy Z. S., Czech Republicen
dc.contributor.authorAffiliationOzbalci, Seval - Department of Business Administration, University of the People and Manisa Celal Bayar University, Turkiyeen
dc.contributor.authorAffiliationAtiso, Francis - Faculty of Economics and Management, Tomas Bata University in Zlin, Czech Republicen
dc.identifier.eissn2353-5601
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dc.contributor.authorEmailYeboah, Evans - xyeboah1@mendelu.cz
dc.contributor.authorEmailBamwesigye, Dastan - xbamwesi@mendelu.cz
dc.contributor.authorEmailOzbalci, Seval - seval.ozbalci@cbu.edu.tr
dc.contributor.authorEmailAtiso, Francis - atiso@utb.cz
dc.identifier.doi10.18778/2391-6478.1.37.08
dc.relation.volume1


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