TY  - JOUR
T1  - Income Convergence and FDI: Evidence from Lower-Middle Income West African Economies
AU - Murtala, Musa AU - Hassan, Sallahuddin 
JO  - International Business Management
VL  - 9
IS  - 5
SP  - 706
EP  - 711
PY  - 2015
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2015.706.711
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2015.706.711
KW  - FDI
KW  -GDP
KW  -convergence
KW  -per capital income
KW  -long run relationship
AB  - This study examines the role of Foreign Direct Investment (FDI) on real GDP per capita convergence among lower-middle income West African countries. Employing panel unit root (Im, Pesaran and Shin) and Pedroni panel cointegration model on annual data spanning 1986-2013, the study seeks to establish whether there exists a long run relationship between FDI and income convergence as measured by annual deviations of economies from the group averages. Results emanating from the study indicate that there is no long run relationship between FDI and per capita income convergence among the countries.
ER  -