The Impact Of Foreign Direct Investment On West African Countries

The primary goal of this study is to determine the effect of foreign direct investment(FDI) in West Africa and to look at the effect that FDI has on the industrial structure, the technology, employment and gross domestic product in the area. In spite of the fact that, in total terms, FDI inflows to West Africa have risen altogether over the last three decades and there are today numerous theoretical and empirical studies on FDI. In any case, there is a general assertion around the hypothesis that FDI advances development through different elements in the host nations. In spite of the fact that centrality of FDI is some way or another a debatable issue; the same number of analysts are agreeable to FDI and numerous are against of FDI. Some studies have demonstrated the part of FDI on financial amplification and presume that FDI from developed economies has constructive outcome on monetary amplification in less created host economies through the procedure of innovative technology(Borensztein et al., 1998; Findly, 1978). Withal peregrine venture has turned into a considerable assigns of budgetary private outer fund for creating nations and also a dynamic catalyzer for current financial improvement. The proposed examination addresses the effect of foreign direct investment(FDI) on West Africa, for the situation the exploration additionally discovers a portion of the positive and negative impacts of foreign direct speculation on West Africa. Numerous specialists have bemoaned that the effect of FDI on West Africa is a questionable one in light of the fact that the greater part of their investigations have distinctive results when it result in these present circumstances field. In any case, this examination extensively evaluates the effect of FDI on West Africa monetary development as well as the effect on the different divisions in West Afri ca by the utilization of hypothetical and experimental methodology techniques to give us an unmistakable comprehension of the exploration. This study researches try to find how FDI may add to development in West Africa and researches the impacts of four components – GDP growth, industrial structure, Technology transfer employment creation – on the FDI-Growth relationship with West Africa for the period 1995-2014. The results show that there is a positive relationship between FDI and three of the variables specifically Gross Domestic Product(GDP), industrial structure(IND) and employment(EMP) West African region. In any case, in spite of different studies, this study finds that FDI has a negative relation with the Technology transfer(TECH) in West Africa. All results and estimations are utilizing Gretll and SPSS software.