Does inward FDI crowd-out Domestic Investment? Evidence from Uganda

被引：8

作者：

Ahmed, Kasule Twaha ^{[1
]}

Ghani, Gairuzazmi M. ^{[2
]}

Mohamad, Noorihsan ^{[2
]}

Derus, Alias M. ^{[2
]}

机构：

[1] Int Islamic Univ Malaysia, Selangor 53100, Malaysia

[2] Int Islamic Univ, KENMS, Dept Econ, Selangor 53100, Malaysia

来源：

CONTEMPORARY ISSUES IN MANAGEMENT AND SOCIAL SCIENCE RESEARCH | 2015年 / 172卷

关键词：

Crowding-out effect; displacement effect; foreign direct investment; sectoral level; Uganda; FOREIGN DIRECT-INVESTMENT;

D O I：

10.1016/j.sbspro.2015.01.395

中图分类号：

C [社会科学总论];

学科分类号：

03 ; 0303 ;

摘要：

This paper investigates whether Foreign Direct Investment (FDI) crowds-out domestic investment in Uganda. We analyse the effect on the aggregate economy and at sectoral level using data from 1992 to 2012. We obtain a robust neutral effect on the overall economy. At sector level, we find a crowding-out effect in four sectors; a crowding-in effect in two sectors and a neutral effect in three sectors. But generally, results are robust in only six sectors. Finally, an exogeneity test reveals that past economic growth rates do not influence the inflow of FDI, hence there is no endogeneity problem in our analysis. (C) 2015 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

引用

页码：419 / 426

页数：8

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