Does inward FDI crowd-out domestic investment? evidence from Uganda

• Main Authors: Kasule, Twaha Ahmed, Ghani, Gairuzazmi, Mohamad, Noorihsan, Mat Derus, Alias
• Format: Article
• Language: English
• Published: Elsevier 2015
• Subjects: HB3711 Business cycles. Economic fluctuations; HC94 By region or country; HD72 Economic growth, development, planning
• Online Access: http://irep.iium.edu.my/42462/1/Does_Inward_FDI_Crowd_Out_Domestic_Investment_Evidence_From_Uganda_-_Twaha_Kasule.pdf; http://irep.iium.edu.my/42462/; http://www.sciencedirect.com/science/article/pii/S1877042815004322

This paper investigates whether Foreign Direct Investment (FDI) crowds-out domestic investment in Uganda. We analyse the effect on the aggregate economy and at sectoral level using data from 1992 to 2012. We obtain a robust neutral effect on the overall economy. At sector level, we find a crowding-o...