The effect of institutions quality, human capital and infrastructure on FDI and economic growth on the five selected ECOWAS countries

The effect of institutions quality, human capital and infrastructure on FDI and economic growth on the five selected ECOWAS countries

Strong institutions with sound human capital and infrastructure are very significant determinant of foreign direct investment (FDI)inflows and economic growth. Despite various researches on FDI inflows and economic growth, little has been done to examine the effect of human capital, institutions and...

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Main Author: Zulaihatu Zubair,
Format: Thesis
Language:eng
eng
Published: 2018
Subjects:
HC Economic History and Conditions
Online Access:https://etd.uum.edu.my/7656/1/Depositpermission_s900159.pdf
https://etd.uum.edu.my/7656/2/s900189_01.pdf
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institution Universiti Utara Malaysia
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language eng
eng
advisor Abu Bakar, Nor Aznin
topic HC Economic History and Conditions
spellingShingle HC Economic History and Conditions
Zulaihatu Zubair, ,
The effect of institutions quality, human capital and infrastructure on FDI and economic growth on the five selected ECOWAS countries
description Strong institutions with sound human capital and infrastructure are very significant determinant of foreign direct investment (FDI)inflows and economic growth. Despite various researches on FDI inflows and economic growth, little has been done to examine the effect of human capital, institutions and infrastructure on FDI and economic growth especially on the five Economic Community of West African States (ECOWAS-5). ECOWAS-5 countries are mostly associated with dilapidated infrastructures, low literacy rates, corruption and politically unstable region. The main objective of this research is to study the relationship between human capital, institutions quality and infrastructure on FDI inflows and economic growth of the ECOWAS-5 countries for the period 1990-2015.The variables used in the analysis are gross domestic product, political terror scale, infrastructure, corruption, human capital, trade openness, inflation, real effective exchange rate, gross capital formation including the interactions of FDI with human capital and political terror scale. Panel data analysis was employed to analyse the relationship between FDI inflows and economic growth. Fully Modified Ordinary Least Square, Pool Mean Group and Dynamic Fixed Effect methods were employed in the estimation process. The results revealed a positive significance effect of human capital to FDI and economic growth.Corruption shows a negative sign to FDI inflows.Theinteraction effect appears to suppress the impact of FDI inflows on economic growth.On the other hand,infrastructure shows a positive relationship with FDI inflows. Therefore, it is suggested that policies must be devised to improve the quality of institutions, upgrade the standard of infrastructures and enhance the quality of human capital in order to attract more FDI inflows and economic growthof ECOWAS-5 countries.
format Thesis
qualification_name Ph.D.
qualification_level Doctorate
author Zulaihatu Zubair, ,
author_facet Zulaihatu Zubair, ,
author_sort Zulaihatu Zubair, ,
title The effect of institutions quality, human capital and infrastructure on FDI and economic growth on the five selected ECOWAS countries
title_short The effect of institutions quality, human capital and infrastructure on FDI and economic growth on the five selected ECOWAS countries
title_full The effect of institutions quality, human capital and infrastructure on FDI and economic growth on the five selected ECOWAS countries
title_fullStr The effect of institutions quality, human capital and infrastructure on FDI and economic growth on the five selected ECOWAS countries
title_full_unstemmed The effect of institutions quality, human capital and infrastructure on FDI and economic growth on the five selected ECOWAS countries
title_sort effect of institutions quality, human capital and infrastructure on fdi and economic growth on the five selected ecowas countries
granting_institution Universiti Utara Malaysia
granting_department School of Economics, Finance & Banking
publishDate 2018
url https://etd.uum.edu.my/7656/1/Depositpermission_s900159.pdf
https://etd.uum.edu.my/7656/2/s900189_01.pdf
_version_ 1747828250574323712
spelling my-uum-etd.76562022-10-11T02:51:44Z The effect of institutions quality, human capital and infrastructure on FDI and economic growth on the five selected ECOWAS countries 2018 Zulaihatu Zubair, , Abu Bakar, Nor Aznin School of Economics, Finance & Banking School of Economics, Finance & Banking HC Economic History and Conditions Strong institutions with sound human capital and infrastructure are very significant determinant of foreign direct investment (FDI)inflows and economic growth. Despite various researches on FDI inflows and economic growth, little has been done to examine the effect of human capital, institutions and infrastructure on FDI and economic growth especially on the five Economic Community of West African States (ECOWAS-5). ECOWAS-5 countries are mostly associated with dilapidated infrastructures, low literacy rates, corruption and politically unstable region. The main objective of this research is to study the relationship between human capital, institutions quality and infrastructure on FDI inflows and economic growth of the ECOWAS-5 countries for the period 1990-2015.The variables used in the analysis are gross domestic product, political terror scale, infrastructure, corruption, human capital, trade openness, inflation, real effective exchange rate, gross capital formation including the interactions of FDI with human capital and political terror scale. Panel data analysis was employed to analyse the relationship between FDI inflows and economic growth. Fully Modified Ordinary Least Square, Pool Mean Group and Dynamic Fixed Effect methods were employed in the estimation process. The results revealed a positive significance effect of human capital to FDI and economic growth.Corruption shows a negative sign to FDI inflows.Theinteraction effect appears to suppress the impact of FDI inflows on economic growth.On the other hand,infrastructure shows a positive relationship with FDI inflows. Therefore, it is suggested that policies must be devised to improve the quality of institutions, upgrade the standard of infrastructures and enhance the quality of human capital in order to attract more FDI inflows and economic growthof ECOWAS-5 countries. 2018 Thesis https://etd.uum.edu.my/7656/ https://etd.uum.edu.my/7656/1/Depositpermission_s900159.pdf text eng staffonly https://etd.uum.edu.my/7656/2/s900189_01.pdf text eng public http://sierra.uum.edu.my/record=b1698906~S1 Ph.D. doctoral Universiti Utara Malaysia Abaidoo, R. (2012). Economic growth, regional savings and FDI in sub-Saharan Africa: Trivariate causality and error correction modeling approach. 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