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Trade Openness, Foreign Direct Investment, Official Development Assistance and Economic Growth the WAIFEM Countries: An Empirical Investigation

Authors: OKWU Andy , Oseni Olasunkanmi, Obiwuru Chidi, Shogunro Ashim Babatunde

Publication Type: Journal article

Journal: Journal Of Social And Administrative Science

ISSN Number:

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Abstract

Trade openness encompasses contemporary policies and other efforts in favour of easy exchange
of goods, ser vices and financial resources across international borders to engender sustainable growth and
globally integrate economies of countries. This paper employed Panel EGLS regression model of econometric
methodology to investigate the effects of trade openness, FDI and ODA inflows on economic growth of WIAFEM
countries during 1990-2017 period. The paper considered grants and domestic macroeconomic variables as
growth-enhancing complements of openness, FDI and ODA. The findings showed heterogeneous growth effects
of the variables across the countries. Specifically, trade openness and ODA did not enhance economic growth of
the countries. Consequently, the paper emphasised that the WAIFEM countries should leverage on relevant
policies to ensure that FDI were channeled to real sector export-oriented activities in order to strengthen and
reposition their international competitiveness and be able to transform the benefits of FDI, ODA and grants to
sustainable growth-enhancing trade openness.

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OKWU,A. Oseni,I.O Obiwuru,T.C Shogunro,A.B . (2020). Trade Openness, Foreign Direct Investment, Official Development Assistance and Economic Growth the WAIFEM Countries: An Empirical Investigation, 4 (), 1-1.

OKWU,A. Oseni,I.O Obiwuru,T.C Shogunro,A.B . "Trade Openness, Foreign Direct Investment, Official Development Assistance and Economic Growth the WAIFEM Countries: An Empirical Investigation" 4, no (), (2020): 1-1.

OKWU,A. and Oseni,I.O and Obiwuru,T.C and Shogunro,A.B and . (2020). Trade Openness, Foreign Direct Investment, Official Development Assistance and Economic Growth the WAIFEM Countries: An Empirical Investigation, 4 (), pp1-1.

OKWUA, OseniIO, ObiwuruTC, ShogunroAB, . Trade Openness, Foreign Direct Investment, Official Development Assistance and Economic Growth the WAIFEM Countries: An Empirical Investigation. 2020, 4 ():1-1.

OKWU,Andy , Oseni,Isiaq Olasunkanmi, Obiwuru,Timothy Chidi, and Shogunro,Ashim Babatunde . "Trade Openness, Foreign Direct Investment, Official Development Assistance and Economic Growth the WAIFEM Countries: An Empirical Investigation", 4 . (2020) : 1-1.

O.Andy O.Isiaq Olasunkanmi O.Timothy Chidi & S.Ashim Babatunde , "Trade Openness, Foreign Direct Investment, Official Development Assistance and Economic Growth the WAIFEM Countries: An Empirical Investigation" vol.4, no., pp. 1-1, 2020.

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