Impact Of Foreign Direct Investment (FDI) On Manufacturing Sector Perfomance In Zimbabwe (1980- 2022).
- Author
- MUSABAYANA SCHANE TAUYA
- Title
- Impact Of Foreign Direct Investment (FDI) On Manufacturing Sector Perfomance In Zimbabwe (1980- 2022).
- Abstract
- This study looked at how Zimbabwe's manufacturing industry performed in terms of foreign direct investment between 1980 and 2022. The rise in manufacturing production was the dependent variable in this time series analysis, whereas the independent variables were foreign direct investment, exports, exchange rates, inflation, and external debt. Theories and authors of relevant studies on foreign direct investment and explanatory factors were included in the literature review. The process began with related material and was based on the linear logarithmic Cobb- Douglas production function. The ordinary least square (OLS) method was used to analyze the manufacturing industry and foreign direct investment. With the exception of the manufacturing index volume, which was used to measure the performance of the manufacturing sector, exports, foreign debt, foreign direct investment, currency rates, and inflation were all linearized. A robust and positive association between foreign direct investment and the manufacturing sector was found through data analysis utilizing the E-views statistical tool. Given the study's finding that FDI and manufacturing are positively correlated, Zimbabwean policymakers are urged to give foreign investors greater consideration by creating an atmosphere that attracts capital inflows and by upholding consistent, investor-friendly regulations. The government should take into account supply-side measures to increase capacity utilization in addition to searching for substitute trade policies for Look East Policy.
- Date
- 2024
- Publisher
- BUSE
- Keywords
- Foreign Direct Investment
- Manufacturing Sector Perfomance
- Supervisor
- DR DAMIYANO
- Item sets
- Department of Economics
- Media
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MUSABAYANA SCHANE TAUYA