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External Debt, FDI and Economic Growth in Zimbabwe


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  • Product Description

The paper examines the relationship between external debt, foreign direct investment (FDI) and economic growth in the Zimbabwean economy over the period 1980 - 2006. The study employs Granger based vector autoregression analysis to investigate this relationship. Results show that there is a bi-directional causal relationship between external debt and economic growth, indicating feedback effects between the two variables. Furthermore, a uni-directional causal relationship running from external debt to FDI was identified, buttressing the idea that Zimbabwe faces a debt overhang problem. Estimations of variance decomposition found statistically significant relationships between external debt, FDI and economic growth. Evidence from impulse response functions shows that the external debt shock significantly explains fluctuations in FDI and economic growth.

Product Specifications
SKU :COC69732
AuthorTendai Makova,Edgar Muhoyi and Jecob Nyamadzawo
Number of Pages92
Publishing Year2011-08-23T00:00:00.000
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-08 00:00:00