TITLE:
Impact of Foreign Direct Investment on International Trade in West African Economic and Monetary Union Countries Using Dynamic Panel
AUTHORS:
Elhadji Iro Illa
KEYWORDS:
Foreign Direct Investment, International Trade, Panel Data, GMM Method, WAEMU Countries
JOURNAL NAME:
Modern Economy,
Vol.13 No.6,
June
29,
2022
ABSTRACT: The aim of this paper is to study the impact of foreign direct investment
(FDI) on international trade in West African Economic and Monetary Union
(WAEMU) countries using the dynamic panel. We also have investigated the effects of other variables
on trade flows like financial development, urban population and net imports.
Our key finding is that there exists a positive and significant impact of FDI
on the international trade of WAEMU countries. Financial development and urban
population have positive and statistically significant effects on the international trade of WAEMU countries. The effect of net imports on international trade is
positive but not statistically significant.