THE IMPACT OF EXTERNAL DEPT FINANCE AND FOREIGN DIRECT INVESTMENT ON ECONOMIC GROWTH / JENNIFER OYE GARIBA; SUPERVISOR: ASST. PROF. DR. HASAN RUSTEMOGLU

Yazar: Katkıda bulunan(lar):Dil: İngilizce 2022Tanım: 59 sheets; 31 cm. Includes CDİçerik türü:
  • text
Ortam türü:
  • unmediated
Taşıyıcı türü:
  • volume
Diğer başlık:
  • EMPIRICAL EVIDENCE FROM GHANA
Konu(lar): Tez notu: Thesis (MBA) - Cyprus International University. Institute of Graduate Studies and Research Business Administration Department Özet: ABSTRACT Ghana's economy has been one of the most robust and thriving in West Africa, which has increased investor trust in the country. Developing countries have always struggled with budget deficit over the years, in the quest to bridge this gap most countries seek for external sources of financing their projects, since internally generated funds cannot meet government expenditures. The prospect of the Ghanaian economy is promising but like most emerging economies in the sub–Saharan African region, the country has a large budget deficit and insufficient local resources to fund it activities. This research examines the impact of foreign debt and overseas investment as sources of outward funding on the economy's overall health, the study looked at the best sources of financing which will help bridge the financial insufficiency gap for Ghana as a developing economy. Time series secondary data from the World Bank Development Indicators data from 1979 to 2019 FDI inflows were used in the study. The study variables include foreign direct investment (FDI), external debt stock, external debts stock long term (DOD, current US$), external debt stock short term (DOD, current US$), External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) and Gross Domestic Product; using the Eviews econometric software. Granger causality test, co-integration test, descriptive statistics, Augmented Fuller Unit roost test, ordinary lest regression (OLS), regression analysis and reliability test were some tests that was used to come up with the findings of this study. According to our results, FDI and short-term debt financing as sources of funding has a positive outlook on the economy while external debt financing long term has no impact on GDP. According to the report, Ghana's government should support additional FDI operations and increase external loan financing in the short term, but only in moderation. Keywords: External Debt, Foreign Direct Investment, Ghana, Gross Domestic Product, Impact.
Materyal türü: Thesis
Mevcut
Materyal türü Geçerli Kütüphane Koleksiyon Yer Numarası Durum Notlar İade tarihi Barkod Materyal Ayırtmaları
Thesis Thesis CIU LIBRARY Tez Koleksiyonu Tez Koleksiyonu YL 2423 G27 2022 (Rafa gözat(Aşağıda açılır)) Kullanılabilir Business Administration Department T2730
Suppl. CD Suppl. CD CIU LIBRARY Görsel İşitsel YL 2423 G27 2022 (Rafa gözat(Aşağıda açılır)) Kullanılabilir Business Administration Department CDT2730
Toplam ayırtılanlar: 0

Thesis (MBA) - Cyprus International University. Institute of Graduate Studies and Research Business Administration Department

Includes bibliography (sheets 56-59)

ABSTRACT
Ghana's economy has been one of the most robust and thriving in West Africa, which
has increased investor trust in the country. Developing countries have always
struggled with budget deficit over the years, in the quest to bridge this gap most
countries seek for external sources of financing their projects, since internally
generated funds cannot meet government expenditures. The prospect of the Ghanaian
economy is promising but like most emerging economies in the sub–Saharan African
region, the country has a large budget deficit and insufficient local resources to fund
it activities. This research examines the impact of foreign debt and overseas
investment as sources of outward funding on the economy's overall health, the study
looked at the best sources of financing which will help bridge the financial
insufficiency gap for Ghana as a developing economy. Time series secondary data
from the World Bank Development Indicators data from 1979 to 2019 FDI inflows
were used in the study. The study variables include foreign direct investment (FDI),
external debt stock, external debts stock long term (DOD, current US$), external debt
stock short term (DOD, current US$), External debt stocks, public and publicly
guaranteed (PPG) (DOD, current US$) and Gross Domestic Product; using the Eviews
econometric software. Granger causality test, co-integration test, descriptive
statistics, Augmented Fuller Unit roost test, ordinary lest regression (OLS),
regression analysis and reliability test were some tests that was used to come up with
the findings of this study. According to our results, FDI and short-term debt
financing as sources of funding has a positive outlook on the economy while external
debt financing long term has no impact on GDP. According to the report, Ghana's
government should support additional FDI operations and increase external loan
financing in the short term, but only in moderation.
Keywords: External Debt, Foreign Direct Investment, Ghana, Gross Domestic
Product, Impact.

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