Date of Award
Spring 3-10-2022
Degree Type
Dissertation/Thesis
Degree Name
Doctor of Philosophy (PhD)
School
Coastal Resilience
Committee Chair
Dr. Edward Sayre
Committee Chair School
Social Science and Global Studies
Committee Member 2
Dr.Joseph Saint Marie
Committee Member 2 School
Coastal Resilience
Committee Member 3
Dr.Robert Pauly
Committee Member 3 School
Coastal Resilience
Committee Member 4
Dr.Tom Lansford
Committee Member 4 School
Coastal Resilience
Abstract
This dissertation contributes to the debate on economic development in developing countries through the analyses of four related strands of literature – the FDI and growth literature, the literature on finance and development, the DFI and growth literature, aid, institutions and economic development. The present research seeks to contribute to the debate on the effect of DFIs on FDI and consequently on economic development in developing economies to bridge the existing funding gap and thus ensure these economies achieve the global shared vision of sustainable development of the United Nations 2030 agenda. We acknowledge that development is triggered by economic growth and growth is most effectively generated by investment. Thus, FDI is an important source of financing for developing countries given its potential to boost economic growth through spillovers in technology and productivity. We also acknowledge that FDI in developing countries lags due to several issues including weak institutions. In this sense, DFIs are key in helping developing countries attract more FDI through the private sector to invest in infrastructure and agricultural projects, aiming at achieving sustainability. However, we don’t know how DFIs impact FDI in developing countries and the role of institutions in the overall economic development panorama. This dissertation adds to the literature by providing quantitative evidence that FDI increase economic growth in developing countries and quantitative evidence that DFIs increase FDI, economic growth and consequently promote development.
ORCID ID
https://orcid.org/0000-0002-1701-6637
Copyright
Cagiza, 2022
Recommended Citation
Cagiza, Carmen, "TOWARDS ECONOMIC GROWTH AND DEVELOPMENT: The Role of Development Finance Institutions in Fostering Foreign Direct Investment in Sub-Saharan Africa" (2022). Doctoral Projects. 184.
https://aquila.usm.edu/dnp_capstone/184
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