Inflation Rate, Foreign Direct Investment, Interest Rate, and Economic Growth in Sub Sahara Africa Evidence from Emerging Nations
The article aimed to investigate the relationship between inflation rate, foreign direct investment, interest rate, and economic growth of ten 10 emerging Sub Sahara African countries for the period 1998 to 2018. The random effects GLS regression estimator was employed to examine the equilibrium relationship between the variables. From the results, foreign direct investment had a significantly positive influence on GDP, while the inflation rate and interest rate trivially positively predicted GDP. Based on these findings, the study recommended that the government of emerging nations should put prudent measures to improve inflation, interest rate, and foreign direct investment within the economy for sound wellbeing.
Inflation rate foreign direct investment interest rate economic growth Sub Saharan Africa, emerging nations
Ofori Charles | Shuibin Gu | Takyi Kwabena Nsiah | Eric Dwomoh