The effect of foreign direct investment on the economic growth of Sub-Saharan African countries: An empirical approach

The impact of foreign direct investment on the host country’s economic growth has been a source debate in past theoretical and empirical investigations. PMG/ARDL model, which practical advantage examining effect short long run, received little attention prior This study investigates Sub-Saharan African countries. examined panel data from 22 nations Africa 1988 to 2019. model was used look at short- long-term effects growth. unit root test co-integration were employed improve model’s estimation. According findings, favorable significant effect, but it is statistically insignificant run. concludes that boosts As result, countries should focus attracting investment.