Title:
IMPACT OF FOREIGN DIRECT INVESTMENT ON WEST AFRICAN ECONOMIC AND MONETARY UNION COUNTRIES ECONOMIC GROWTH

Authors:
Settimba Muhamad, Qiao Yue and Settimba Aswillah ,Uganda

Abstract:
Analyzing the impact of FDI on the economic growth of developing countries has been the subject of extensive empirical research which termed as a description between developed and non- developing countries our study examines the impact of foreign direct investment on the economic growth of West African countries in a range of years using the random effects, fixed effects and Gaussian mixture model method. Empirical results show that FDI has no positive impact on economic growth across the sample. Recent years have had a the positively significant impact on the economic growth of West African member states and the effect of Foreign direct investment on the economic growth of four most significant countries in terms of gross domestic product and per capita gross domestic product is positive hence complements research explaining the economic growth of West African countries