Empirical study of Foreign Direct Investment in the participation of Sustainable Development achievement in Africa: Does FDI help to achieve Human Development?
Journal Title: International Journal of Humanities and Social Science Invention - Year 2018, Vol 7, Issue 6
Abstract
Through times, African leaders have started considering Foreign Direct Investment as an important path to Sustainable Development achievement. Despite the tremendous empirical studies supporting this assumption, there is a lack of studies on FDI implication in human development on the continent. In contrast with studies on the topic in the African region, the present study chose human development index and FDI percentage of GDP respectively as dependent and independent variables, economic variables relative to FDI with possible social influence as control variables. Through analysis using empirical methodologies, three findings of, 1) Foreign Direct investment plays a role in Human development on the African continent, 2) The role played by Foreign Direct Investment in Human development is on a long-term, and 3) Unfortunately, Foreign Direct Investment plays a negative role in Human development on the African continent; each one percent increase of FDI towards the continent decreased the HDI at a scale of 0.24-0.97 percent with difficulty of readjustment to equilibrium between HDI and FDI. Therefore, FDI has a negative impact on Africa’ social Sustainable Development and may possibly be caused by lack of FDI’ social responsibility (schools and hospitals facilities construction) or the presence of few FDI which doesn’t really contribute to the national and individual real income.
Authors and Affiliations
Candide Joahne Lionel M. Yahouedeou, Ge Wu, Jacob Ojobi Omedi, Yunqi Fan, Wuqi Zhou
Keywords
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