Domestic and foreign direct investment in Ghanaian agriculture

Purpose – The purpose of this paper is to investigate the effects of foreign direct investment (FDI) into agriculture on domestic investment in agriculture. Design/methodology/approach – Time series data from 1976 to 2007 was fitted to a derived model. Findings – Foreign direct investment into agric...

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Bibliographic Details
Published in:Agricultural finance review 2014-08, Vol.74 (3), p.427-440
Main Authors: Gameli Djokoto, Justice, Yao Srofenyoh, Francis, Gidiglo, Kobla
Format: Article
Language:English
Subjects:
Agricultural practices
Agricultural production
Agricultural research
Agricultural/environmental economics
Agriculture
Agronomy
Consumption
Developing countries
Economic growth
Economic models
Economics
Employment
Expenditures
Exports
Foreign investment
Investment
Investment policy
Investors
LDCs
Macroeconomics
Studies
Transition economies
Variables
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Summary:Purpose – The purpose of this paper is to investigate the effects of foreign direct investment (FDI) into agriculture on domestic investment in agriculture. Design/methodology/approach – Time series data from 1976 to 2007 was fitted to a derived model. Findings – Foreign direct investment into agriculture crowd-in domestic investment into agriculture. Research limitations/implications – A targeted approach that will attract foreign direct investment into agriculture is required as to complement existing efforts at boosting domestic agricultural investment. Originality/value – Numerous papers investigated the relationship between foreign direct investment and domestic investment at the aggregate national and regional levels. However, the evidence for this relationship has been conflicting. That for agriculture is rare. For Ghana, a developing agrarian economy that has promoted foreign direct investment for some decades now, it is imperative to establish the relationship between foreign direct investments and domestic investment. Also, the estimation was based on a theoretically derived model.
ISSN:0002-1466
2041-6326
DOI:10.1108/AFR-09-2013-0035