Volume 3, Issue 4, August 2014

  • Impact of Foreign Direct Investment Volatility on Economic Growth in Kenya: EGARCH Analysis

    Kirwa Lelei Ngeny, Cyrus Mutuku

    Issue: Volume 3, Issue 4, August 2014
    Pages: 50-61
    Received: 20 November 2014
    Accepted: 4 December 2014
    Published: 17 December 2014
    DOI: 10.11648/
    Abstract: This study investigated the impact foreign direct investment volatility on growth in Kenya using time series data spanning 1970 to 2011. An endogenous growth model was estimated using the ordinary least squares to determine the relationship between the FDI volatility and economic growth. Bounds testing approach was employed to show that FDI volatil... Show More