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September 20, 2025Deleted JournalOpen Access

Rethinking African in the Global Development Agenda: Pathway to Economic Transformation

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Authors

IOIdowu Adeniyi OkeowoAAAdams Oladapo AdewaleHOHerbert Onodingene

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Overview

Time series analysis shows FDI drives GDP growth in Africa, suggesting enhanced regional integration is crucial.

Key Points

  • A 19.4-unit increase in foreign direct investment results in a one-unit increase in GDP, highlighting its importance.
  • Analysis reveals that economic growth in Africa is linked to reduced poverty rates, aligning with long-standing economic theories.
  • The study's methodology includes time series data analysis from 1990-2024 using Fully Modified Ordinary Least Squares.
  • Findings emphasize the need for a comprehensive economic strategy that addresses human capital development alongside GDP growth.

Cite This Study

Okeowo et al. (2025) studied this question.

synapsesocial.com/papers/68d439fa713b0b5dfea79e5ehttps://doi.org/10.61194/economics.v3i3.838
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Also Consider

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  1. 1Africa's Quest for Sustainable Development: Do Financial Development, Energy Transition, and Digitalization Reinforce Multidimensional Gains?2025 · 5 citations
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  3. 3Institutional Drivers of Economic Growth in Sub-Saharan Africa: Empirical Evidence from Panel Data Analysis2025
  4. 4Public Debt and Economic Growth in Africa: The FDI Effect2025
  5. 5Structural Dependencies and Economic Convergence in Africa: Analysis of Income Per Capita and Value-added Sectoral Contributions2025