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Domestic and foreign direct investment in Ghanaian agriculture

Domestic and foreign direct investment in Ghanaian agriculture Purpose – The purpose of this paper is to investigate the effects of foreign direct investment (FDI) into agriculture on domestic investment in agriculture. Design/methodology/approach – Time series data from 1976 to 2007 was fitted to a derived model. Findings – Foreign direct investment into agriculture crowd‐in domestic investment into agriculture. Research limitations/implications – A targeted approach that will attract foreign direct investment into agriculture is required as to complement existing efforts at boosting domestic agricultural investment. Originality/value – Numerous papers investigated the relationship between foreign direct investment and domestic investment at the aggregate national and regional levels. However, the evidence for this relationship has been conflicting. That for agriculture is rare. For Ghana, a developing agrarian economy that has promoted foreign direct investment for some decades now, it is imperative to establish the relationship between foreign direct investments and domestic investment. Also, the estimation was based on a theoretically derived model. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Agricultural Finance Review Emerald Publishing

Domestic and foreign direct investment in Ghanaian agriculture

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Publisher
Emerald Publishing
Copyright
Copyright © 2014 Emerald Group Publishing Limited. All rights reserved.
ISSN
0002-1466
DOI
10.1108/AFR-09-2013-0035
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to investigate the effects of foreign direct investment (FDI) into agriculture on domestic investment in agriculture. Design/methodology/approach – Time series data from 1976 to 2007 was fitted to a derived model. Findings – Foreign direct investment into agriculture crowd‐in domestic investment into agriculture. Research limitations/implications – A targeted approach that will attract foreign direct investment into agriculture is required as to complement existing efforts at boosting domestic agricultural investment. Originality/value – Numerous papers investigated the relationship between foreign direct investment and domestic investment at the aggregate national and regional levels. However, the evidence for this relationship has been conflicting. That for agriculture is rare. For Ghana, a developing agrarian economy that has promoted foreign direct investment for some decades now, it is imperative to establish the relationship between foreign direct investments and domestic investment. Also, the estimation was based on a theoretically derived model.

Journal

Agricultural Finance ReviewEmerald Publishing

Published: Aug 26, 2014

Keywords: Agriculture; Foreign direct investment; Ghana; Crowd‐in effect; Domestic investment

References