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Introduction

2

Theoretical foundation and Review of Prior Literature

4

2.1 Theories of FDI and Transnational production

4

2.2 Theories of Economic Growth and FDI

7

2.3 Review of Prior Studies

9

The model and Empirical Analysis

13

3.1 Model Specification

14

3.2 Data and Estimation Technique

16

3.3 Empirical Results and Interpretation

17

Lessons for Policy

19

Conclusions

22

References

23

Appendix

27

Determinants of Foreign Direct Investment and Economic Growth in the West African Monetary Zone: A System Equations Approach

by Eli A. Udo & Isitua K. Obiora

3.

4. 5.

Contents

1.

2.

1

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