Does inward FDI crowd-out domestic investment? evidence from Uganda
This paper investigates the crowding-out effect of foreign direct investment on domestic investment in Uganda. The analysis examines the existence of this effect on the economy as a whole and at sectoral level for all the 9 production sectors, using data from 1992 to 2012. Our results reveal a robus...
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2014
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| Online Access: | http://irep.iium.edu.my/44290/ http://irep.iium.edu.my/44290/ http://irep.iium.edu.my/44290/1/Full_paper_GCBSS_Conference_2014.pdf |
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iium-44290 |
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iium-442902015-08-19T02:01:40Z http://irep.iium.edu.my/44290/ Does inward FDI crowd-out domestic investment? evidence from Uganda Kasule, Twaha Ahmed Mat 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 the crowding-out effect of foreign direct investment on domestic investment in Uganda. The analysis examines the existence of this effect on the economy as a whole and at sectoral level for all the 9 production sectors, using data from 1992 to 2012. Our results reveal a robust, neutral effect on the aggregate economy. At the sectoral level, initial results suggest the existence of a crowding-out effect in four sectors, crowding-in effect in two sectors and a neutral effect in three sectors. But overall, the results are robust in only six sectors. Finally, our exogeneity test for the FDI variable illustrate that past growth rates included in the investment function do not influence inward FDI, implying that there is no endogeneity problem in our analysis. 2014 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/44290/1/Full_paper_GCBSS_Conference_2014.pdf Kasule, Twaha Ahmed and Mat Ghani, Gairuzazmi and Mohamad, Noorihsan and Mat Derus, Alias (2014) Does inward FDI crowd-out domestic investment? evidence from Uganda. In: Global Conference on Business and Social Science, 15-16 December 2014, Kuala Lumpur. http://gcbss.org/ |
| 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 Mat Ghani, Gairuzazmi Mohamad, Noorihsan Mat Derus, Alias Does inward FDI crowd-out domestic investment? evidence from Uganda |
| description |
This paper investigates the crowding-out effect of foreign direct investment on domestic investment in Uganda. The analysis examines the existence of this effect on the economy as a whole and at sectoral level for all the 9 production sectors, using data from 1992 to 2012. Our results reveal a robust, neutral effect on the aggregate economy. At the sectoral level, initial results suggest the existence of a crowding-out effect in four sectors, crowding-in effect in two sectors and a neutral effect in three sectors. But overall, the results are robust in only six sectors. Finally, our exogeneity test for the FDI variable illustrate that past growth rates included in the investment function do not influence inward FDI, implying that there is no endogeneity problem in our analysis. |
| format |
Conference or Workshop Item |
| author |
Kasule, Twaha Ahmed Mat Ghani, Gairuzazmi Mohamad, Noorihsan Mat Derus, Alias |
| author_facet |
Kasule, Twaha Ahmed Mat 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 |
| publishDate |
2014 |
| url |
http://irep.iium.edu.my/44290/ http://irep.iium.edu.my/44290/ http://irep.iium.edu.my/44290/1/Full_paper_GCBSS_Conference_2014.pdf |
| first_indexed |
2023-09-18T21:02:59Z |
| last_indexed |
2023-09-18T21:02:59Z |
| _version_ |
1777410747148533760 |