The Asymmetric Effects of Foreign Direct Investment Inflow on Economic Growth: Fresh Evidence from Somalia

Mohamed, Abdulrazak Nur and Abdulle, Abdikani Yusuf Abdulle (2023) The Asymmetric Effects of Foreign Direct Investment Inflow on Economic Growth: Fresh Evidence from Somalia. Journal of Law and Sustainable Development, 11 (7). e416. ISSN 2764-4170

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Abstract

Purposes: Although there has been some progress since the 2012 establishment of the Federal
Government Somalia, Foreign direct investment is the one of critical engines in economic
growth. The latest value of foreign direct investment for 2021 was 5.97% of GDP, comparison
of previous years to 2020 was 6.74% of GDP in Somalia. This paper aims to investigate the
asymmetric effects of foreign direct investment (FDI) inflow on economic growth in Somalia
from 1977-2021. In addition to FDI, inflation, gross capital formation, and trade openness are
used as control variables to examine their influence on economic growth.

Item Type: Article
Subjects:
Divisions: Faculty of Accountancy > Department of Accounting
Depositing User: Center for Research and Development SIMAD University
Date Deposited: 27 May 2024 09:35
Last Modified: 27 May 2024 09:35
URI: https://repository.simad.edu.so/id/eprint/134

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