Nyamwange, Mathew (2009): Foreign direct investment in Kenya.
Download (280Kb) | Preview
The purpose of this study is to identify the key factors that influence FDI decisions in Kenya and to explore the empirical relationship between FDI and economic growth in Kenya.The findings of the study reveal that the main determinants of FDI in Kenya are market size (proxied by GDP), stable macroeconomic policies and a level of human capital that is tolerable by investors.There is no significant relationship of human capital to overall economic growth which suggests that there is a shortage of skilled labour in the Kenya.
|Item Type:||MPRA Paper|
|Original Title:||Foreign direct investment in Kenya|
|Keywords:||Foreign Direct Investment in Kenya; Economic Growth in Kenya; FDI Kenya; Human Capital in Kenya; labour in kenya|
|Subjects:||E - Macroeconomics and Monetary Economics > E0 - General
E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook > E62 - Fiscal Policy
B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B21 - Microeconomics
C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology; Computer Programs > C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data
B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B22 - Macroeconomics
A - General Economics and Teaching > A1 - General Economics > A10 - General
B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology > B41 - Economic Methodology
E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles
C - Mathematical and Quantitative Methods > C0 - General > C01 - Econometrics
|Depositing User:||Mathew Nyamwange|
|Date Deposited:||17. Oct 2011 06:40|
|Last Modified:||12. Feb 2013 04:09|
Aitken, B., G.H. Hansen and A. Harrison. 1997. “Spillovers, foreign investment and export behaviour”. Journal of International Economics, 43: 103–32.
Balasubramanyan, V., N. Mohammed, A. Salisu and David Sapsford. 1996. “Foreign direct investment and growth in EP and IS countries”, Economic Journal, 106: 92–105.
Bende-Nabende, A. and J.L Ford. 1998. “FDI, policy adjustment and endogenous growth: Multiplier effects from a small dynamic model for Taiwan 1959–1995”. World Development 26(7): 1315–30.
Bengos, M. and B. Sanchez-Robles. 2003. “Foreign direct investment, economic freedom and growth: New evidence from Latin America”. European Journal of Political Economy, 19(3):529–45.
Blomstrom, M. 1986. “Foreign investment and productive efficiency: The case of Mexico”. Journal of Industrial Economics, 15: 97–110.
Blomstrom, M., R. Lipsey and M. Zegan. 1994. “What explains developing country growth?” NBER Working Paper No. 4132. National Bureau for Economic Research, Cambridge, Massachusetts.
Borensztein, E., J. De Gregoria and J. Lee. 1998. “How does foreign investment affect economic growth?” Journal of International Economics, 45(1): 115–35.
Carkovic, M. and R. Levine. 2002. “Does foreign direct investment accelerate economic growth?” University of Minnesota Working Paper. Minneapolis. Available at: www.worldbank.org/ research/conferences/financial_globalization/fdi.pdf.
Caves, R.E. 1996. Multinational Enterprise and Economic Analysis. 2nd ed. Cambridge: Cambridge University Press.
Central Bureau of Statistics (1980-2007): Statistical Abstracts. Nairobi, Kenya.
Chenery, H.B., S. Robinson and M. Syrquin. 1986. Industrialization and Growth: A Comparative Study. Washington, D.C.: The World Bank.
De Gregorio, Jose. 2003. “The role of foreign direct investment and natural resources in economic development”. Working Paper No 196. Central Bank of Chile, Santiago.
De Mello, L. R. 1997. “Foreign Direct Investment in developing countries and growth: A selective survey”. Journal of Development Studies, 34(1):1-34.
Onyancha K, 2006. “Determinants of Foreign Direct Investment in Kenya”. Journal on Development Studies, 2: 67-8
Romer, P. 1986. “Increasing returns and long run growth”. Journal of Political Economy, 94:1002–38.
UNCTAD. 2001, 2003. World Investment Report. Geneva: United Nations Conference on Trade and Development.
World Bank. 2006. “Benchmarking FDI competitiveness in Sub-Saharan African Countries”. Snap shot Africa, 1:1-2
World Bank. 2008. “Doing Business”. Kenya. Annual Report, Available at: www.doingbusiness.org.
Zhang, K.H. 2001. “Does foreign direct investment promote economic growth? Evidence from East Asia and Latin America”. Contemporary Economic Policy, 19(2, April): 175–85.