The Impact of Foreign Direct Investment on Economic Growth: The Case of Zimbabwe (2009- 2012)

Tinomuonga Moyo

doi:doi:10.11648/j.ijefm.20130106.19

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The Impact of Foreign Direct Investment on Economic Growth: The Case of Zimbabwe (2009- 2012)

Tinomuonga Moyo

Published in International Journal of Economics, Finance and Management Sciences (Volume 1, Issue 6)

Received: 16 September 2013 Published: 10 November 2013

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Abstract

This paper analyzes the impact of Foreign Direct Investment on GDP in Zimbabwe, post dollarization period. Foreign Direct Investment has very significant positive impact on economic growth. I advocate for policies that promote inward FDI if our country is to meet its economic growth targets. The paper also analyses the impact of other macro economic factors on Gross Domestic product. Government Expenditure and Private Investment is found to have significant and positive impact on Gross Domestic Product. Factors that are found to affect GDP negatively are increases in Inflation and Interest Rates. The Zimbabwean data was inconclusive on the impact of two factors on Economic Growth, Which is External Debt and Net Exports; this merits further research because it is not in line with the theoretical predictions.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 1, Issue 6)
DOI	10.11648/j.ijefm.20130106.19
Page(s)	323-329
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2013. Published by Science Publishing Group

Keywords

Foreign Direct Investment, Gross Domestic Product, Inflation, External Debt, Net exports, Private Investment

References

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[2]	Badawi, A. A. (2003) "Private Capital Formation and Public Investment in Sudan: Testing the Substitutability and Complementarities Hypotheses in a Growth Framework", Journal of International Development, Vol.15, No. 6,pp.783-799.
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[12]	Findlay, R, (1978) Relative backwardness, foreign direct investment and the transfer of technology. A simple dynamic model, Quarterly Journal of Economics, 92, 1-16.
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Tinomuonga Moyo. (2013). The Impact of Foreign Direct Investment on Economic Growth: The Case of Zimbabwe (2009- 2012). International Journal of Economics, Finance and Management Sciences, 1(6), 323-329. https://doi.org/10.11648/j.ijefm.20130106.19

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Tinomuonga Moyo. The Impact of Foreign Direct Investment on Economic Growth: The Case of Zimbabwe (2009- 2012). Int. J. Econ. Finance Manag. Sci. 2013, 1(6), 323-329. doi: 10.11648/j.ijefm.20130106.19

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AMA Style

Tinomuonga Moyo. The Impact of Foreign Direct Investment on Economic Growth: The Case of Zimbabwe (2009- 2012). Int J Econ Finance Manag Sci. 2013;1(6):323-329. doi: 10.11648/j.ijefm.20130106.19

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@article{10.11648/j.ijefm.20130106.19,
  author = {Tinomuonga Moyo},
  title = {The Impact of Foreign Direct Investment on Economic Growth: The Case of Zimbabwe (2009- 2012)},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {1},
  number = {6},
  pages = {323-329},
  doi = {10.11648/j.ijefm.20130106.19},
  url = {https://doi.org/10.11648/j.ijefm.20130106.19},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20130106.19},
  abstract = {This paper analyzes the impact of Foreign Direct Investment on GDP in Zimbabwe, post dollarization period. Foreign Direct Investment has very significant positive impact on economic growth. I advocate for policies that promote inward FDI if our country is to meet its economic growth targets. The paper also analyses the impact of other macro economic factors on Gross Domestic product. Government Expenditure and Private Investment is found to have significant and positive impact on Gross Domestic Product. Factors that are found to affect GDP negatively are increases in Inflation and Interest Rates. The Zimbabwean data was inconclusive on the impact of two factors on Economic Growth, Which is External Debt and Net Exports; this merits further research because it is not in line with the theoretical predictions.},
 year = {2013}
}

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TY  - JOUR
T1  - The Impact of Foreign Direct Investment on Economic Growth: The Case of Zimbabwe (2009- 2012)
AU  - Tinomuonga Moyo
Y1  - 2013/11/10
PY  - 2013
N1  - https://doi.org/10.11648/j.ijefm.20130106.19
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AB  - This paper analyzes the impact of Foreign Direct Investment on GDP in Zimbabwe, post dollarization period. Foreign Direct Investment has very significant positive impact on economic growth. I advocate for policies that promote inward FDI if our country is to meet its economic growth targets. The paper also analyses the impact of other macro economic factors on Gross Domestic product. Government Expenditure and Private Investment is found to have significant and positive impact on Gross Domestic Product. Factors that are found to affect GDP negatively are increases in Inflation and Interest Rates. The Zimbabwean data was inconclusive on the impact of two factors on Economic Growth, Which is External Debt and Net Exports; this merits further research because it is not in line with the theoretical predictions.
VL  - 1
IS  - 6
ER  -

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Author Information

Tinomuonga Moyo

Great Zimbabwe University, Department of Banking & Finance

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APA Style

Tinomuonga Moyo. (2013). The Impact of Foreign Direct Investment on Economic Growth: The Case of Zimbabwe (2009- 2012). International Journal of Economics, Finance and Management Sciences, 1(6), 323-329. https://doi.org/10.11648/j.ijefm.20130106.19

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ACS Style

Tinomuonga Moyo. The Impact of Foreign Direct Investment on Economic Growth: The Case of Zimbabwe (2009- 2012). Int. J. Econ. Finance Manag. Sci. 2013, 1(6), 323-329. doi: 10.11648/j.ijefm.20130106.19

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AMA Style

Tinomuonga Moyo. The Impact of Foreign Direct Investment on Economic Growth: The Case of Zimbabwe (2009- 2012). Int J Econ Finance Manag Sci. 2013;1(6):323-329. doi: 10.11648/j.ijefm.20130106.19

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@article{10.11648/j.ijefm.20130106.19,
  author = {Tinomuonga Moyo},
  title = {The Impact of Foreign Direct Investment on Economic Growth: The Case of Zimbabwe (2009- 2012)},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {1},
  number = {6},
  pages = {323-329},
  doi = {10.11648/j.ijefm.20130106.19},
  url = {https://doi.org/10.11648/j.ijefm.20130106.19},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20130106.19},
  abstract = {This paper analyzes the impact of Foreign Direct Investment on GDP in Zimbabwe, post dollarization period. Foreign Direct Investment has very significant positive impact on economic growth. I advocate for policies that promote inward FDI if our country is to meet its economic growth targets. The paper also analyses the impact of other macro economic factors on Gross Domestic product. Government Expenditure and Private Investment is found to have significant and positive impact on Gross Domestic Product. Factors that are found to affect GDP negatively are increases in Inflation and Interest Rates. The Zimbabwean data was inconclusive on the impact of two factors on Economic Growth, Which is External Debt and Net Exports; this merits further research because it is not in line with the theoretical predictions.},
 year = {2013}
}

Copy | Download

TY  - JOUR
T1  - The Impact of Foreign Direct Investment on Economic Growth: The Case of Zimbabwe (2009- 2012)
AU  - Tinomuonga Moyo
Y1  - 2013/11/10
PY  - 2013
N1  - https://doi.org/10.11648/j.ijefm.20130106.19
DO  - 10.11648/j.ijefm.20130106.19
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 323
EP  - 329
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20130106.19
AB  - This paper analyzes the impact of Foreign Direct Investment on GDP in Zimbabwe, post dollarization period. Foreign Direct Investment has very significant positive impact on economic growth. I advocate for policies that promote inward FDI if our country is to meet its economic growth targets. The paper also analyses the impact of other macro economic factors on Gross Domestic product. Government Expenditure and Private Investment is found to have significant and positive impact on Gross Domestic Product. Factors that are found to affect GDP negatively are increases in Inflation and Interest Rates. The Zimbabwean data was inconclusive on the impact of two factors on Economic Growth, Which is External Debt and Net Exports; this merits further research because it is not in line with the theoretical predictions.
VL  - 1
IS  - 6
ER  -

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