COMPARATIVE ANALYSIS OF THE IMPACT OF FOREIGN DIRECT INVESTMENT ON EXPORT PERFORMANCE AMONG SOME SELECTED AFRICAN COUNTRIES (1970-2023)
Authors
Mustapha Adamu Zubairu
Federal University Dutse
Author
Auwal Abubakar Muhammad
Nigerian Army University Biu, Borno State, Nigeria
Author
Harir Adamu Isah
Nigerian Army University Biu, Borno State, Nigeria
Author
Keywords:
Foreign Direct Investment,
FDI,
Export Dynamics,
Panel Analysis
Abstract
This study investigates the impact of Foreign Direct Investment on export growth in twelve African economies, comprising six oil and six non-oil economies, using panel cointegration and causality methods. The analysis confirms a stable long-run relationship and bidirectional causality between FDI and exports. Findings reveal heterogeneity across economies, with FDI having a stronger positive impact on export performance in non-oil economies than in oil-dependent ones. The study recommends that African countries prioritize policies that attract and sustain foreign capital in non-oil sectors to achieve longer-lasting effects on growth and development.
