Does inward FDI crowd-out domestic investment? evidence from Uganda

This paper investigates whether Foreign Direct Investment (FDI) crowds-out domestic investment in Uganda. We analyse the effect on the aggregate economy and at sectoral level using data from 1992 to 2012. We obtain a robust neutral effect on the overall economy. At sector level, we find a crowding-o...

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Main Authors:	Kasule, Twaha Ahmed, Ghani, Gairuzazmi, Mohamad, Noorihsan, Mat Derus, Alias
Format:	Article
Language:	English
Published:	Elsevier 2015
Subjects:	HB3711 Business cycles. Economic fluctuations HC94 By region or country HD72 Economic growth, development, planning
Online Access:	http://irep.iium.edu.my/42462/ http://irep.iium.edu.my/42462/ http://irep.iium.edu.my/42462/ http://irep.iium.edu.my/42462/1/Does_Inward_FDI_Crowd_Out_Domestic_Investment_Evidence_From_Uganda_-_Twaha_Kasule.pdf

id	iium-42462
recordtype	eprints
spelling	iium-424622015-04-23T02:29:45Z http://irep.iium.edu.my/42462/ Does inward FDI crowd-out domestic investment? evidence from Uganda Kasule, Twaha Ahmed Ghani, Gairuzazmi Mohamad, Noorihsan Mat Derus, Alias HB3711 Business cycles. Economic fluctuations HC94 By region or country HD72 Economic growth, development, planning This paper investigates whether Foreign Direct Investment (FDI) crowds-out domestic investment in Uganda. We analyse the effect on the aggregate economy and at sectoral level using data from 1992 to 2012. We obtain a robust neutral effect on the overall economy. At sector level, we find a crowding-out effect in four sectors; a crowding-in effect in two sectors and a neutral effect in three sectors. But generally, results are robust in only six sectors. Finally, an exogeneity test reveals that past economic growth rates do not influence the inflow of FDI, hence there is no endogeneity problem in our analysis. Elsevier 2015 Article PeerReviewed application/pdf en http://irep.iium.edu.my/42462/1/Does_Inward_FDI_Crowd_Out_Domestic_Investment_Evidence_From_Uganda_-_Twaha_Kasule.pdf Kasule, Twaha Ahmed and Ghani, Gairuzazmi and Mohamad, Noorihsan and Mat Derus, Alias (2015) Does inward FDI crowd-out domestic investment? evidence from Uganda. Procedia Social and Behavioral Sciences, 172. pp. 419-426. ISSN 1877-0428 http://www.sciencedirect.com/science/article/pii/S1877042815004322 10.1016/j.sbspro.2015.01.395
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB3711 Business cycles. Economic fluctuations HC94 By region or country HD72 Economic growth, development, planning
spellingShingle	HB3711 Business cycles. Economic fluctuations HC94 By region or country HD72 Economic growth, development, planning Kasule, Twaha Ahmed Ghani, Gairuzazmi Mohamad, Noorihsan Mat Derus, Alias Does inward FDI crowd-out domestic investment? evidence from Uganda
description	This paper investigates whether Foreign Direct Investment (FDI) crowds-out domestic investment in Uganda. We analyse the effect on the aggregate economy and at sectoral level using data from 1992 to 2012. We obtain a robust neutral effect on the overall economy. At sector level, we find a crowding-out effect in four sectors; a crowding-in effect in two sectors and a neutral effect in three sectors. But generally, results are robust in only six sectors. Finally, an exogeneity test reveals that past economic growth rates do not influence the inflow of FDI, hence there is no endogeneity problem in our analysis.
format	Article
author	Kasule, Twaha Ahmed Ghani, Gairuzazmi Mohamad, Noorihsan Mat Derus, Alias
author_facet	Kasule, Twaha Ahmed Ghani, Gairuzazmi Mohamad, Noorihsan Mat Derus, Alias
author_sort	Kasule, Twaha Ahmed
title	Does inward FDI crowd-out domestic investment? evidence from Uganda
title_short	Does inward FDI crowd-out domestic investment? evidence from Uganda
title_full	Does inward FDI crowd-out domestic investment? evidence from Uganda
title_fullStr	Does inward FDI crowd-out domestic investment? evidence from Uganda
title_full_unstemmed	Does inward FDI crowd-out domestic investment? evidence from Uganda
title_sort	does inward fdi crowd-out domestic investment? evidence from uganda
publisher	Elsevier
publishDate	2015
url	http://irep.iium.edu.my/42462/ http://irep.iium.edu.my/42462/ http://irep.iium.edu.my/42462/ http://irep.iium.edu.my/42462/1/Does_Inward_FDI_Crowd_Out_Domestic_Investment_Evidence_From_Uganda_-_Twaha_Kasule.pdf
first_indexed	2023-09-18T21:00:32Z
last_indexed	2023-09-18T21:00:32Z
_version_	1777410592796049408

Does inward FDI crowd-out domestic investment? evidence from Uganda

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