Foreign direct investment and economic growth in South Africa: a sector level causality analysis

Simple item page
dc.contributor.advisorGossel, Sean Jen_ZA
dc.contributor.authorMaseko, Michaelen_ZA
dc.date.accessioned2018-11-07T13:03:41Z
dc.date.available2018-11-07T13:03:41Z
dc.date.issued2015en_ZA
dc.description.abstractMany empirical studies hypothesise that foreign direct investment (FDI) has a positive impact on economic growth. As a result, FDI has been targeted by many countries in their attempts to increase their standards of economic growth. South Africa (like many developing economies) is not a stranger to this phenomenon. However, there is a dearth of literature analysing the relationship between FDI and economic growth at a sector level in South Africa. This thesis analyses the causal relationship between FDI and economic growth in South Africa at a sector level comprising primary, secondary and tertiary industries. This study applied a more robust and asymptotically reliable Toda-Yamamoto-Dolado-Lutkephol (1995) methodology in analysing the causal relationship thus addressing the potential biases and asymptotic unreliability relating the traditional Granger causality technique. The report shows that FDI Granger-causes growth in primary, secondary, tertiary sectors and at an aggregate level. In addition, growth was found to Granger-cause FDI at tertiary and aggregate level. On the other hand growth does not Granger-cause FDI at primary and secondary sector level. The only bi-directional relationship that could be observed was at the tertiary and aggregate sector level, whereas at primary and secondary sector level, the relationship was found to be unidirectional.en_ZA
dc.identifier.apacitationMaseko, M. (2015). <i>Foreign direct investment and economic growth in South Africa: a sector level causality analysis</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Research of GSB. Retrieved from http://hdl.handle.net/11427/29038en_ZA
dc.identifier.chicagocitationMaseko, Michael. <i>"Foreign direct investment and economic growth in South Africa: a sector level causality analysis."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Research of GSB, 2015. http://hdl.handle.net/11427/29038en_ZA
dc.identifier.citationMaseko, M. 2015. Foreign direct investment and economic growth in South Africa: a sector level causality analysis. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Maseko, Michael AB - Many empirical studies hypothesise that foreign direct investment (FDI) has a positive impact on economic growth. As a result, FDI has been targeted by many countries in their attempts to increase their standards of economic growth. South Africa (like many developing economies) is not a stranger to this phenomenon. However, there is a dearth of literature analysing the relationship between FDI and economic growth at a sector level in South Africa. This thesis analyses the causal relationship between FDI and economic growth in South Africa at a sector level comprising primary, secondary and tertiary industries. This study applied a more robust and asymptotically reliable Toda-Yamamoto-Dolado-Lutkephol (1995) methodology in analysing the causal relationship thus addressing the potential biases and asymptotic unreliability relating the traditional Granger causality technique. The report shows that FDI Granger-causes growth in primary, secondary, tertiary sectors and at an aggregate level. In addition, growth was found to Granger-cause FDI at tertiary and aggregate level. On the other hand growth does not Granger-cause FDI at primary and secondary sector level. The only bi-directional relationship that could be observed was at the tertiary and aggregate sector level, whereas at primary and secondary sector level, the relationship was found to be unidirectional. DA - 2015 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2015 T1 - Foreign direct investment and economic growth in South Africa: a sector level causality analysis TI - Foreign direct investment and economic growth in South Africa: a sector level causality analysis UR - http://hdl.handle.net/11427/29038 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/29038
dc.identifier.vancouvercitationMaseko M. Foreign direct investment and economic growth in South Africa: a sector level causality analysis. [Thesis]. University of Cape Town ,Faculty of Commerce ,Research of GSB, 2015 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/29038en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentResearch of GSBen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherDevelopment Financeen_ZA
dc.titleForeign direct investment and economic growth in South Africa: a sector level causality analysisen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMPhilen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
thesis_com_2015_maseko_michael.pdf
Size:
1.93 MB
Format:
Adobe Portable Document Format
Description:
Download
Collections
Masters