Foreign Direct Investment and Spillover Effects in Africa: An Empirical Review

International Journal of Science and Management Studies (IJSMS), 2019

11 Pages Posted: 6 Jun 2019

See all articles by Richard Kotey

Richard Kotey

University of Ghana - University of Ghana Business School (UGBS); City of Westminster College

Date Written: May 7, 2019

Abstract

The purpose of this paper is to holistically present relevant empirical findings on FDI, economic growth and spillover effects in the African continent, focusing primarily on technology transfer. This review shows evidence to suggest the FDI coming into Africa is low compared to other continents, even though foreign investments have consistently yielded higher returns. The paper also presents stylized facts of FDI inflows and examines the strands in literature. A unique graphical framework showing technology transfer channels is well elaborated. The study provides a sufficient empirical view of FDI and technology transfer in the African context and suggests this transfer of technology could be the means of bridging the technology gap between developed and developing economies.

Keywords: Foreign Direct Investment, Stylized Facts, Technology Spillover

JEL Classification: F21, O11, O33

Suggested Citation

Kotey, Richard, Foreign Direct Investment and Spillover Effects in Africa: An Empirical Review (May 7, 2019). International Journal of Science and Management Studies (IJSMS), 2019, Available at SSRN: https://ssrn.com/abstract=3384231

Richard Kotey (Contact Author)

University of Ghana - University of Ghana Business School (UGBS) ( email )

Volta Rd
Accra
Ghana

City of Westminster College ( email )

25 Paddington Green
London W2 1NB
London, W2 1NB

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