Assessment of Foreign Direct Investment-Led Growth Argument in South Africa Amidst Urbanization and Industrialization: Evidence from Innovation Accounting Tests

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dc.authoridBekun, Festus Victor/0000-0003-4948-6905
dc.authoridJoshua, Udi/0000-0002-7862-0547
dc.authoridGungor, Hasan/0000-0001-6971-1511
dc.contributor.authorJoshua, Udi
dc.contributor.authorGungor, Hasan
dc.contributor.authorBekun, Festus Victor
dc.date.accessioned2024-09-11T19:50:33Z
dc.date.available2024-09-11T19:50:33Z
dc.date.issued2023
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractThe objective of this study is to investigate the FDI-led growth hypothesis for the case of South Africa for the period between 1970 and 2017. The preliminary analysis of unit root test using traditional methods shows a different order of integration, which necessitates the use of autoregressive distributive lag (ARDL) methodology. Additionally, the current study also leverages on the innovative accounting techniques which comprised of impulse response function and forecast error variance decomposition (FEVD), which are employed to explore the responsiveness of the variables on each other. Our study results show that FDI inflow exerts a very strong positive impact on economic growth, thus validating the FDI-induced growth nexus in the South African economy. Furthermore, causality results show a one-way link running only from FDI inflow to economic growth and a unidirectional connection from urbanization to FDI inflow. The implication is that only urbanization matters in attracting FDI inflow to South Africa. These outcomes suggest that there is a need for the government administrators to develop urban centers through improving infrastructure facilities and the provision of industrial zones as a way of expanding both the ready market and the absorptive capacity of the country.en_US
dc.identifier.doi10.1007/s13132-022-01015-9
dc.identifier.endpage3394en_US
dc.identifier.issn1868-7865
dc.identifier.issn1868-7873
dc.identifier.issue3en_US
dc.identifier.scopus2-s2.0-85127353838en_US
dc.identifier.startpage3374en_US
dc.identifier.urihttps://doi.org/10.1007/s13132-022-01015-9
dc.identifier.urihttps://hdl.handle.net/11363/7645
dc.identifier.volume14en_US
dc.identifier.wosWOS:000773841400004en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.ispartofJournal of The Knowledge Economyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmz20240903_Gen_US
dc.subjectForeign direct investmenten_US
dc.subjectEconomic growthen_US
dc.subjectIndustrializationen_US
dc.subjectUrbanizationen_US
dc.subjectTrade opennessen_US
dc.subjectInnovative accountingen_US
dc.subjectSouth Africaen_US
dc.titleAssessment of Foreign Direct Investment-Led Growth Argument in South Africa Amidst Urbanization and Industrialization: Evidence from Innovation Accounting Testsen_US
dc.typeArticleen_US

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