International Journal of Social Science & Economic Research
Submit Paper

Title:
THE IMPACT OF FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH IN DEVELOPING COUNTRIES

Authors:
Jayant Mansharamani

|| ||

Jayant Mansharamani
Pathways World School Aravali

MLA 8
Mansharamani, Jayant. "THE IMPACT OF FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH IN DEVELOPING COUNTRIES." Int. j. of Social Science and Economic Research, vol. 8, no. 10, Oct. 2023, pp. 3270-3281, doi.org/10.46609/IJSSER.2023.v08i10.018. Accessed Oct. 2023.
APA 6
Mansharamani, J. (2023, October). THE IMPACT OF FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH IN DEVELOPING COUNTRIES. Int. j. of Social Science and Economic Research, 8(10), 3270-3281. Retrieved from https://doi.org/10.46609/IJSSER.2023.v08i10.018
Chicago
Mansharamani, Jayant. "THE IMPACT OF FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH IN DEVELOPING COUNTRIES." Int. j. of Social Science and Economic Research 8, no. 10 (October 2023), 3270-3281. Accessed October, 2023. https://doi.org/10.46609/IJSSER.2023.v08i10.018.

References

[1]. Alaba, O.B. (2003). Exchange rate, uncertainty and foreign direct investment in Nigeria 1.
[2]. Alfaro, L., Chanda, A., Kalemli-Ozcan, S., &Sayek, S. (2010). Does foreign direct investment promote growth? Exploring the role of financial markets on linkages. Journal of Development Economics, 91(2), 242-256.
[3]. Asongu, S., Akpan, U.S., &Isihak, S.R. (2018). Determinants of foreign direct investment in fast-growing economies: evidence from the BRICS and MINT countries. Financial Innovation, 4(26).
[4]. Chowdhury, A., &Mavrotas, G. (2006). FDI and growth: what causes what? The World Economy, 29(1), 63-77.
[5]. Gachino, G.G. (2012). Foreign direct investment, firm-level capability, and human capital development: evidence based on Kenyan manufacturing industry. African Journal of Science, Technology, Innovation and Development, 4(4), 162-204.
[6]. Ikiara, M.M. (2002). The impact of foreign direct investment (FDI) on technology transfer in Africa: conceptual issues and a research agenda. African Technology Policy Studies Network (ATPS) Special Paper Series No. 6.
[7]. Ikiara, M.M. (2003). Foreign Direct Investment (FDI), Technology Transfer, and Poverty Alleviation: Africa’s Hopes and Dilemma. African Technology Policy Studies Network (ATPS) Special Paper Series No. 16.
[8]. Kimani, N.M. (2015). Impact of exchange rate volatility on foreign direct investments to developing countries: case of Kenya. Jomo Kenyatta University of Agriculture and Technology, 154.
[9]. Milliou, C. (2014). Location for foreign direct investment in vertically related markets. Review of International Economics, 22(2), 326-341.
[10]. Musau, A.K. (2011). The impact of foreign direct investment (FDI) on economic growth and development in Kenya. Paper submitted for the Annual Africa International Business and Management (AIBUMA) Conference, Nairobi.
[11]. Nurkse, R. (2009). Hans H. RagnarNurkse’s (1907–2007) Development Theory: Influences and Perceptions. Classical Development Economics and Its Relevance for Today, 183-202.
[12]. OECD.(1990). OECD benchmark definition of foreign direct investment.
[13]. Onyeiwu, S., &Shrestha, H. (2004).Determinants of foreign direct investment in Africa. Journal of Development and Society, 20(1-2), 89-106.
[14]. Panth, S. (2013).Technological Innovation, Industrial Evolution, and Economic Growth.Routledge.
[15]. Pradhan, R.P., Bagchi, T.P., Chowdhury, K., & Norman, N.R. (2012). Growth, foreign investment and trade-openness interactions in ten OECD countries: a panel-VAR approach. International Journal of Banking, Accounting and Finance, 4(4), 273-293.
[16]. Pritchard, R. (1996). Economic Development, Foreign Investment and the Law. Kluwer Law International & the International Bar Association.
[17]. Reinhart, C., &Rogoff, K. (2003). FDI to Africa: the role of price stability and currency instability. IMF Working Paper, 03(10).
[18]. Sacerdoti, G. (1997). Bilateral treaties and multilateral instruments. Journal of International Economic Law, 269, 261-287.
[19]. Sharifi-Renani, H., &Mirfatah, M. (2012).The impact of exchange rate volatility on foreign direct investment in Iran.Procedia Economics and Finance, 1, 363-373.
[20]. Sornarajah, M. (2004).The International Law on Foreign Investment.Cambridge University Press.
[21]. Suliman, A.H., & Elian, M.I. (2014). Foreign direct investment, financial development, and economic growth: a cointegration model. Journal of Development Areas, 48(3), 219-243.
[22]. UNCTAD.(2011). The Role of International Agreements in Attracting Foreign Direct Investment to Developing Countries.UNCTAD Series on International Investment Policies for Development.
[23]. UNCTAD.(2005). Trade and Development Report. Geneva.
[24]. Voorpijil, R. (2011). Foreign Direct Investment in Kenya: The Gains and Losses of Foreign Involvement. Radboud University Nijmegen, Netherlands.
[25]. World Bank.(2013). Handbook of Statistics. Washington, DC.
[26]. World Bank.(2004). Global Development Finance.World Bank, Washington, DC.
[27]. World Bank.(2011). World Development Report.Conflict, Security, and Development. Washington, DC.

ABSTRACT:
For developing nations, foreign direct investment (FDI) is a critical source of capital inflows. It is the investment made by foreign corporations in a country's local market. FDI has the ability to considerably contribute to economic growth, job creation, and technology transfer in developing nations. The purpose of this research study is to examine the effect of FDI on economic growth in emerging nations. Foreign Direct Investment (FDI) is critical to developing nations' economic development. It entails foreign firms investing in domestic businesses and industries in order to build a long-term interest and influence.

IJSSER is Member of