Impact of Foreign Capital Inflow to the growth of the economies of Sub-Saharan Africa
Abstract
This study provided an empirical analysis on the impact of foreign capital inflow to the growth of sub-saharan African countries for the period 2010-2015 using difference GMM. It was found that Foreign capital inflow adversely affects the growth of the sub-saharan Africa economies.The implication is that sub-Saharan African countries are not adequately accessing the foreign capital which mostly come inform of FDI resulting from insecurity as well as non- conducive business climate prevailing in the region, as a result of which the foreign capital inflow negatively affects their level of economic development instead of enhancing it. Keyword: Economic growth, GMM, FDI
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