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has been cited by the following article:

• TITLE: Economic Freedom and Foreign Direct Investment Nexus in the ECOWAS Region

  AUTHORS: Felix Fofana N’Zue, Konan Abogni Augustin Kouadio

  KEYWORDS: fdi, Economic Freedom, Nonlinear Panel ARDL, Cointegration, ECOWAS

  JOURNAL NAME: Open Journal of Social Sciences, Vol.12 No.9, September 26, 2024

  ABSTRACT: This paper seeks to contribute to a better understanding of the relationship between fdi and economic freedom through the determination of the impact of economic freedom on fdi in the ECOWAS region, and the extent to which there are short and long run dynamics in this nexus. The data used ranged from 1995 to 2020 in a nonlinear panel ARDL setting. We found that within ECOWAS, in the long run, a positive shock to economic freedom significantly reduced fdi while a negative shock to economic freedom increased fdi. Moreover, in the long run, both positive and negative shocks to per capita GDP had a negative impact on fdi. Furthermore, positive shocks to credit increased fdi significantly, while negative shocks to credit had no significant impact on fdi in both the short and long run. Urbanization had a positive and significant effect on fdi in the ECOWAS zone, excluding Nigeria.