The Impact of Foreign Direct Investment on Economic Growth in Zambia: A Comprehensive Analysis
This study examines the relationship between economic growth, government consumption expenditure, gross national income (GNI) per capita, exports and foreign direct investment (FDI) in Zambia from 1994 to 2023. Using secondary data from the World Bank and regression analysis using Jamovi software, t...
Saved in:
| Main Author: | |
|---|---|
| Format: | Online |
| Language: | Spanish English |
| Published: |
Universidad Francisco de Paula Santander
2024
|
| Subjects: | |
| Online Access: | https://revistas.ufps.edu.co/index.php/profundidad/article/view/4637 |
| Tags: |
No Tags, Be the first to tag this record!
|
| _version_ | 1868458539543953408 |
|---|---|
| author | Yangailo, Tryson |
| author_browse | Yangailo, Tryson |
| author_facet | Yangailo, Tryson |
| author_sort | Yangailo, Tryson |
| collection | DSPACE IDEP |
| description | This study examines the relationship between economic growth, government consumption expenditure, gross national income (GNI) per capita, exports and foreign direct investment (FDI) in Zambia from 1994 to 2023. Using secondary data from the World Bank and regression analysis using Jamovi software, the study finds significant positive impacts of GNI per capita, exports and FDI on Zambia's GDP. The findings underscore the critical role of FDI in driving economic growth through technology transfer, managerial expertise and capital formation, while emphasising the importance of macroeconomic stability and diversified economic policies to maximise the benefits of FDI. The findings provide valuable insights for policymakers in formulating strategies to leverage FDI for sustainable economic growth in Zambia. |
| first_indexed | 2026-06-19T15:28:40Z |
| format | Online |
| id | oai:revistas.ufps.edu.co:article-4637 |
| institution | IDEP |
| language | spa eng |
| last_indexed | 2026-06-19T15:28:40Z |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | Universidad Francisco de Paula Santander |
| publisherStr | Universidad Francisco de Paula Santander |
| record_format | ojs |
| spelling | oai:revistas.ufps.edu.co:article-46372024-10-28T12:08:52Z The Impact of Foreign Direct Investment on Economic Growth in Zambia: A Comprehensive Analysis El impacto de la inversión extranjera directa en el crecimiento económico de Zambia: Un análisis exhaustivo Yangailo, Tryson Inversión Extranjera Directa Crecimiento Económico Exportación Renta Nacional Bruta Foreign Direct Investment Economic Growth Export Gross National Income This study examines the relationship between economic growth, government consumption expenditure, gross national income (GNI) per capita, exports and foreign direct investment (FDI) in Zambia from 1994 to 2023. Using secondary data from the World Bank and regression analysis using Jamovi software, the study finds significant positive impacts of GNI per capita, exports and FDI on Zambia's GDP. The findings underscore the critical role of FDI in driving economic growth through technology transfer, managerial expertise and capital formation, while emphasising the importance of macroeconomic stability and diversified economic policies to maximise the benefits of FDI. The findings provide valuable insights for policymakers in formulating strategies to leverage FDI for sustainable economic growth in Zambia. Este estudio examina la relación a largo plazo entre la inversión extranjera directa (IED), la renta nacional bruta (RNB) per cápita, las exportaciones y el crecimiento económico en Zambia desde 1994 hasta 2023. El objetivo principal es analizar el impacto de la IED, la RNB per cápita y las exportaciones en el crecimiento económico de Zambia. La IED está reconocida como catalizador del desarrollo económico, ya que facilita la transferencia de tecnología, la formación de capital y la creación de empleo. A pesar de la dependencia histórica de Zambia de las exportaciones de cobre y del elevado gasto público, la liberalización económica desde 1991 ha tenido como objetivo diversificar la economía y atraer IED. Utilizando datos secundarios del Banco Mundial y análisis de regresión con el programa Jamovi, el estudio evalúa el impacto de la IED y otros factores macroeconómicos en el PIB de Zambia. Los resultados muestran que, si bien la IED contribuye positivamente al crecimiento económico, la RNB per cápita y las exportaciones tienen un impacto más significativo. En concreto, un aumento unitario de la IED se asocia a un incremento moderado pero significativo del PIB, lo que pone de relieve su papel en la productividad y el desarrollo sectorial. El estudio subraya la necesidad de que Zambia refuerce su marco institucional, mejore las infraestructuras e invierta en capital humano para mantener las entradas de IED y reducir las vulnerabilidades económicas. Diversificar la inversión más allá de los recursos naturales es fundamental para el crecimiento y la resistencia a largo plazo. La investigación futura debería explorar más a fondo las dinámicas sectoriales y regionales con datos desglosados y métodos cualitativos para captar los impactos detallados sobre el empleo, la distribución de los ingresos y la sostenibilidad medioambiental. Este estudio contribuye a la bibliografía al proporcionar un análisis exhaustivo del papel de la inversión extranjera directa (IED) en el desarrollo económico de Zambia, y al aportar ideas basadas en pruebas para que los responsables políticos optimicen las estrategias económicas y atraigan inversiones diversificadas para el desarrollo sostenible. Universidad Francisco de Paula Santander 2024-07-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf application/pdf text/html text/xml https://revistas.ufps.edu.co/index.php/profundidad/article/view/4637 10.22463/24221783.4637 Revista Científica Profundidad Construyendo Futuro; Vol. 21 No. 21 (2024): Julio-Diciembre; 62-69 Revista Científica Profundidad Construyendo Futuro; Vol. 21 Núm. 21 (2024): Julio-Diciembre; 62-69 2422-2518 spa eng https://revistas.ufps.edu.co/index.php/profundidad/article/view/4637/6335 https://revistas.ufps.edu.co/index.php/profundidad/article/view/4637/5879 https://revistas.ufps.edu.co/index.php/profundidad/article/view/4637/5891 https://revistas.ufps.edu.co/index.php/profundidad/article/view/4637/5887 /*ref*/Adefabi, R. A. (2011). Effects of FDI and human capital on economic growth in Sub-Saharan Africa. Pakistan journal of social sciences, 8(1), 32-38. /*ref*/Claudio-Quiroga, G., Gil-Alana, L. A., & Maiza-Larrarte, A. (2022). The impact of China’s FDI on economic growth: Evidence from Africa with a long memory approach. Emerging Markets Finance and Trade, 58(6), 1753-1770. /*ref*/Lim, E. G. (2001). Determinants of, and the Relation Between. Foreign Direct Investment and Growth. IMF Working Papers01/175, International Monetary Fund. /*ref*/Mukupa, G. M., Lungu, A., & Chibangula, S. (2016). An empirical analysis of the determinants of economic growth in Zambia: 1973-2013. World Journal of Research and Review, 2(5), 69-73. /*ref*/Ndaba, S. (2015). The Impact of Foreign Direct Investment on Economic Growth in Zambia: A study in the context of a natural resource dependent economy. Thesis, International Institute of Social Studies. Hague, The Netherlands. /*ref*/Ndlovu, D., & Haabazoka, L. (2024). Evaluating the Impact of Foreign Direct Investment on Economic Growth in Zambia; 1996-2020. East African Finance Journal, 3(1), 107-130. /*ref*/Nistor, P. (2014). FDI and economic growth, the case of Romania. Procedia Economics and Finance, 15, 577-582. /*ref*/Pegkas, P. (2015). The impact of FDI on economic growth in Eurozone countries. The Journal of Economic Asymmetries, 12(2), 124-132. /*ref*/Popescu, G. H. (2014). FDI and economic growth in Central and Eastern Europe. Sustainability, 6(11), 8149-8163. Stamatiou, P., & Dritsakis, N. (2013). A causal relationship between exports, foreign direct investment and economic growth for five European countries: A panel data approach. In twelfth Annual EEFS Conference, Berlin, Germany. /*ref*/Yangailo, T. (2024). Fiscal Policy and Economic Growth in Zambia. Economia Aziendale Online-, 15(2), 329-340. DOI: http://dx.doi.org/10.13132/2038-5498/15.2.329-340 /*ref*/Yangailo, T., & Chambani, T. (2023). The Impact of Industrialisation on Zambia’s Economic Growth. Journal of Developing Economies (JDE), 8(1), 153-161.https://doi.org/10.20473/jde.v8i1.43514 /*ref*/Zekarias, S. M. (2016). The impact of foreign direct investment (FDI) on economic growth in Eastern Africa: Evidence from panel data analysis. Applied Economics and Finance, 3(1), 145-160. Derechos de autor 2024 Universidad Francisco de Paula Santander https://creativecommons.org/licenses/by-nc/4.0 |
| spellingShingle | Inversión Extranjera Directa Crecimiento Económico Exportación Renta Nacional Bruta Foreign Direct Investment Economic Growth Export Gross National Income Yangailo, Tryson The Impact of Foreign Direct Investment on Economic Growth in Zambia: A Comprehensive Analysis |
| title | The Impact of Foreign Direct Investment on Economic Growth in Zambia: A Comprehensive Analysis |
| title_alt | El impacto de la inversión extranjera directa en el crecimiento económico de Zambia: Un análisis exhaustivo |
| title_full | The Impact of Foreign Direct Investment on Economic Growth in Zambia: A Comprehensive Analysis |
| title_fullStr | The Impact of Foreign Direct Investment on Economic Growth in Zambia: A Comprehensive Analysis |
| title_full_unstemmed | The Impact of Foreign Direct Investment on Economic Growth in Zambia: A Comprehensive Analysis |
| title_short | The Impact of Foreign Direct Investment on Economic Growth in Zambia: A Comprehensive Analysis |
| title_sort | impact of foreign direct investment on economic growth in zambia a comprehensive analysis |
| topic | Inversión Extranjera Directa Crecimiento Económico Exportación Renta Nacional Bruta Foreign Direct Investment Economic Growth Export Gross National Income |
| topic_facet | Inversión Extranjera Directa Crecimiento Económico Exportación Renta Nacional Bruta Foreign Direct Investment Economic Growth Export Gross National Income |
| url | https://revistas.ufps.edu.co/index.php/profundidad/article/view/4637 |
| work_keys_str_mv | AT yangailotryson theimpactofforeigndirectinvestmentoneconomicgrowthinzambiaacomprehensiveanalysis AT yangailotryson elimpactodelainversionextranjeradirectaenelcrecimientoeconomicodezambiaunanalisisexhaustivo AT yangailotryson impactofforeigndirectinvestmentoneconomicgrowthinzambiaacomprehensiveanalysis |