Foreign Direct Investment and Domestic Private Investment in WAEMU Countries: Crowding-in or Crowding-out?


Abstract views: 50 / PDF downloads: 58

Authors

  • Hahandou Mano Center for Economic and Social Studies, Documentation and Research CEDRES, Thomas Sankara University, Saaba, Ouagadougou, Burkina Faso

DOI:

https://doi.org/10.32479/ijefi.15759

Keywords:

Foreign Direct Investment, Domestic Investment, CCE-MG, WAEMU

Abstract

Foreign direct investment (FDI) is a particularly attractive prospect for WAEMU countries, which are constantly integrating it into their development policies. However, studies on the relationship between FDI and private domestic investment (PDI) come to contradictory conclusions. This article focused on the effect of FDI on private domestic investment over the period 1996 to 2018. The results validated the presence of cross-country dependence. The article uses Common Correlated Effect-Mean Group (CCE-MG) as the analytical technique for this purpose. The results are consistent with the “crowding-out” hypothesis of FDI on PDI.

Downloads

Download data is not yet available.

Downloads

Published

2024-05-14

How to Cite

Mano, H. (2024). Foreign Direct Investment and Domestic Private Investment in WAEMU Countries: Crowding-in or Crowding-out?. International Journal of Economics and Financial Issues, 14(3), 57–65. https://doi.org/10.32479/ijefi.15759

Issue

Section

Articles