You are here

Home » Content

The Linkage between China’s Foreign Direct Investment and Ghana’s Building and Construction Sector Performance

Journal Name:

  • Eurasian Journal of Business and Economics

Publication Year:

  • 2016
DOI: 
https://doi.org/10.17015/ejbe.2016.018.05

Key Words:

Author NameUniversity of Author
Abstract (2. Language): 
Over the years, China has contributed immensely to the development process of Ghana through foreign direct investments; providing financial aids’ improved management training skills, and the transfer of innovation and technological techniques. This research examines the relationship between China’s foreign direct investment and Ghana’s building and construction sector performance. By using a robust regression model, the results show that China’s FDI in Ghana’s building and construction sector has significant positive effect on the economic growth of Ghana due to strong increase in investors’ confidence in the Ghanaian economy. Thus, FDI contributes to economic growth when there is an improvement of the infrastructure and operational skills of the local building and construction companies. This will lead to the increase of revenue for citizens who are employed in this sector and thus leading to the overall economic development of the country.
Bookmark/Search this post with
FULL TEXT (PDF): 
PDF icon arastirmax-linkage-between-chinas-foreign-direct-investment-and-ghanas-building-and-construction-sector-performance.pdf
  • 18
81
97
  • English

JEL Codes:

REFERENCES

References: 

Adarkwa, K.K. (2012). The Changing Face of Ghanaian Towns. African Review of Economics
and Finance, 4 (1): 1-29.
Bon, R. (1988). Direct and Indirect Resource Utilization by the Construction Sector: The Case
of the USA since World War II, Habitat International, 12 (1), 49–74. Doi: 10.1016/0197-
3975(88)90039-2
Bon, R. (1992). The Future of International Construction: Secular Patterns of Growth and
Decline. Habitat International, 16(3), 119–28. Doi: 10.1016/0197-3975(92)90068-A
Borensztein, E., De Gregorio, J., & Lee, J-W. (1998). How Does Foreign Direct Investment
Affect Economic Growth? Journal of International Economics, 45, 115-135. Doi:
10.1016/S0022-1996(97)00033-0
Di Mauro, F. (2000). The Impact of Economic Integration on FDI and Exports. Economic
Journal, 156: 90-97.
Edmonds, G.A., & Miles, D.W.J. (1984). Foundations for Change: Aspects of the Construction
Industry in Developing Countries. London: Intermediate Technology Publications Ltd. Doi:
10.3362/9781780442242
Fleshman, M. (2009). Laying Africa’s roads to prosperity. New York: United Nations.
Retrieved on February 15, 2016, from Africa Renewal
website:http://www.un.org/africarenewal/magazine/january-2009/layingafrica%
E2%80%99s-roads-prosperity.
Ghana Investment Promotion Council (2013). 1st Quarter Investment Reports. Retrieved on
June 28, 2014, from http://www.gipcghana.com/press-and-media/downloads/category/11-
2013.html
Ghana Statiscal Service (2012). 2010 Population and Housing Census May Report. Accra:
Ghana Statistical Service.
Graphic Online (2013, March 4). Human Rights Education and Capacity Building, Slums and
Forced Eviction. Retrieved on June 28, 2015, from Graphic Online
website:http://www.modernghana.com/news/449588/1/ministry-drafts-new-housingpolicy.
html.
The Linkage between China’s Foreign Direct Investment and Ghana’s Building and …
EJBE 2016, 9 (18) Page |97
Hirschman, A.O. (1958). The Strategy of Economic Development. New Haven: Yale University
Press.
Institute for Economics and Peace, (2012). Global Peace Index rankings. Retrieved on
September 30, 2015, from Wikipedia website:
https://en.wikipedia.org/wiki/Global_Peace_Index.
International Monetary Fund (1993). Balance of Payments Manual, 5th edition.
Washington D.C.: International Monetary Fund, 1993.
International Road Federation (2014). World Road Statistics and Electronic Files. Geneva:
International Road Federation
Kirmani, S. (1984). The Construction Industry in Development: Issues and Options.
Washington D.C.: World Bank.
Lankes, H.P. &Venables, A.J. (1996). Foreign Direct Investment in Economic Transition: The
Changing Pattern of Investment. Economics of Transition, 4: 331-347.
https://doi.org/10.1111/j.1468-0351.1996.tb00176.x
Lean, S.C. (2001). Empirical tests to discern linkages between construction and other
economic sectors in Singapore. Construction Management and Economics, 13, 253-
262.https://doi.org/10.1080/01446190010022686
Lipsey, R.E. (2002). Home and Host Country Effects of FDI. Working Paper No. 9293.
Cambridge, M.A.: National Bureau of Economic Research. Retrieved on September 15, 2015,
from National Bureau of Economic Research website:
http://www.nber.org/papers/w9293.https://doi.org/10.3386/w9293
Mosaku, T.O., Kehinde, J.O., & Kuroshi, P.A. (2006). Control of Building Practice for
Sustainable Development in Nigeria: Matters Arising. Proceedings of the International
Conference on the Built Environment; Innovation, Policy and Sustainable Development.
Department of Architecture, Covenant University, Ota, Nigeria, 24-26 January, pp. 26 – 33.
Rameezdeen, R., Nisa. Z., & Ramach, T. (2006). Study of Linkages between Construction
Sector and Other Sectors of the Sri Lankan Economy. Department of Building Economics,
University of Moratuwa, Sri Lanka.
Sauvant, K.P. (2007). Foreign Direct Investment Opportunities in Africa. Retrieved on
September 30, 2015, from Craig Eisele Word Press website:
https://craigeisele.wordpress.com/2007/09/02/foreign-direct-investment-o....
UNCTAD (2008). World Investment Report: Transnational Corporations and the Infrastructure
Challenge. New York: United Nations Conference on Trade and Development
Wells, J. (1986). The Construction Industry in Developing Countries: Alternate Strategies for
Development. London: Croom Helm Ltd.

Thank you for copying data from http://www.arastirmax.com