Export Led Growth and Foreign Direct Investment: The Zimbabwean Experience

Mafusire, Albert (2001) Export Led Growth and Foreign Direct Investment: The Zimbabwean Experience. Discussion Paper No. 295, School of Economics, The University of Queensland.

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Author Mafusire, Albert
Title Export Led Growth and Foreign Direct Investment: The Zimbabwean Experience
School, Department or Centre School of Economics
Institution The University of Queensland
Report Number Discussion Paper No. 295
Publication date 2001-09-01
Subject 340206 International Economics and International Finance
Abstract/Summary Most developing countries that have embarked on structural adjustment have embraced export promotion strategies. In Zimbabwe's case, export promotion is coupled with attempts to increase flows of foreign capital. However, there is no universal agreement on the efficacy of such policies. The shift in policy, though, should not be viewed as a bandwagon effect as shown by results from this paper. The author employs a vector autoregression (VAR) to test for causation between GNP, exports and FDI. While some theoretical justification for adopting this methodology is provided, limitations of this study are also highlighted. It is concluded that causation between the variables cannot be rejected and that significantly strong feedback effects exist. As such, complementary policies need to be clearly designed if the desired economic turnaround is to be realised.
Keyword developing countries
Zimbabwe
export promotion
capital inflow
foreign capital
VAR

Document type: Department Technical Report
Collection: Discussion Papers (School of Economics)
 
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Created: Wed, 14 Jul 2004, 10:00:00 EST by Michael Paul Fagg