Business, Management and Accounting
7 years ago

GDP drives foreign investment in Ghana, but not in Nigeria.

International journal of management sciences
Economic Growth and Foreign Direct Investment: Cross-Country Assessment
Newman Amaning, Michael Adu-Nti, Robertson Amoah

Paper Summary

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The article looks at the relationship between foreign investment and economic growth in Ghana and Nigeria from 1970 to 2011. They found that in Ghana, economic growth leads to more foreign investment, while in Nigeria, there is no clear link between the two. This suggests that policies in these countries should consider these differences when planning for development.