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Macroeconomic Determinants of Foreign Direct Investment Inflows and Impulse Response Function

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  • Mahmud A. Mansaray

Abstract

The purpose of the contemporary research was the examination of macroeconomic determinants of foreign direct investment inflows into post-conflict Sierra Leone for the period, 2002-2015, and whether the determinants have a long-run and short-run association with FDI. A complementary exploration was the likely impulse response effect on FDI and GDP of a shock to FDI. The research method was quantitative, applying time series data with 56 observations and 6 variables. Applying the Phillips-Ouliaris cointegration model, the results indicated a statistically significant long-run relationship between FDI inflows and its determinants (Rho = -17.064, Tau = -2.996, p

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  • Mahmud A. Mansaray, 2017. "Macroeconomic Determinants of Foreign Direct Investment Inflows and Impulse Response Function," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(10), pages 187-219, October.
    • Handle: RePEc:hur:ijarbs:v:7:y:2017:i:10:p:187-219
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