Abstract
The objective of this work is to examine the effects of foreign direct investment on the diversification of the Congolese economy. The estimation results from the ARDL process, spanning the period 1995 to 2016, showed that FDI is a means of diversifying the Congolese economy in the short term. In the long term however, FDI is not a sufficient factor for the diversification of the Congolese economy. Thus, this research has revealed the importance of integrating political stability given that the effects of FDI on diversification also depend on the quality of the institutions.
Keywords:
foreign direct investment, diversification, ARDL process
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How to Cite
Anaclet, J. ., Ngouembe, L. ., & Domba Biongo, G. F. . (2021). The Impact of Foreign Direct Investment on Economic Diversification: The Case of the Republic of Congo. International Journal of Social Science and Economics Invention, 7(03), 71 to 78. https://doi.org/10.23958/ijssei/vol07-i03/285
Copyrights & License
Copyright © 2021 Jean Anaclet Lauric Ngouembe Grâce Fleurbellia Domba Biongo this is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
