Inflation Rate, Foreign Direct Investment, Interest Rate, and Economic Growth in Sub Sahara Africa: Evidence from Emerging Nations

Shuibin Gu; Takyi Kwabena Nsiah | Eric Dwomoh; Ofori Charles

Title:
Inflation Rate, Foreign Direct Investment, Interest Rate, and Economic Growth in Sub Sahara Africa: Evidence from Emerging Nations

Authors:
Ofori Charles | Shuibin Gu | Takyi Kwabena Nsiah | Eric Dwomoh

Cite This Article :

Ofori Charles | Shuibin Gu | Takyi Kwabena Nsiah | Eric Dwomoh "Inflation Rate, Foreign Direct Investment, Interest Rate, and Economic Growth in Sub Sahara Africa: Evidence from Emerging Nations" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-6, October 2020, pp.1198-1205, URL: https://www.ijtsrd.com/papers/ijtsrd31105.pdf

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Abstract :
The article aimed to investigate the relationship between inflation rate, foreign direct investment, interest rate, and economic growth of ten (10) emerging Sub-Sahara African countries for the period 1998 to 2018. The random-effects GLS regression estimator was employed to examine the equilibrium relationship between the variables. From the results, foreign direct investment had a significantly positive influence on GDP, while the inflation rate and interest rate trivially positively predicted GDP. Based on these findings, the study recommended that the government of emerging nations should put prudent measures to improve inflation, interest rate, and foreign direct investment within the economy for sound wellbeing.

Keywords :
Inflation rate; foreign direct investment; interest rate; economic growth; Sub-Saharan Africa, emerging nations

Publication Details:

Unique Identification Number : IJTSRD31105

Published In : Volume-4 | Issue-6, October 2020

Page Number(s) : 1198-1205

Publisher Name : IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470

Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

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