IMPACT OF FOREIGN DIRECT INVESTMENT ON UNEMPLOYMENT IN GHANA

Název práce: IMPACT OF FOREIGN DIRECT INVESTMENT ON UNEMPLOYMENT IN GHANA
Autor(ka) práce: Shelle, Janet Akuba
Typ práce: Diploma thesis
Vedoucí práce: Brůna, Karel
Oponenti práce: Šímová, Kateřina
Jazyk práce: English
Abstrakt:
There is a great deal of controversy regarding the link between foreign direct investment (FDI) inflows and the unemployment rate. While some studies show FDI leads to economic growth, others indicate the opposite. As part of the study, standard time series econometric tools are used to establish the effect FDI has on Ghana's employment rate, which includes augmented Dickey-Fuller (ADF) and Phillips Perron (PP) unit root tests, cointegration testing with autoregressive distributed lags (ARDL) and short-run relationship testing with Error Correction Model (ECM). Additionally, the study analyses gross domestic product (GDP) and inflation rates as control variables. The analysis made use of yearly data from 1991 through 2021. According to the research, foreign direct investment has a significant impact on Ghana's unemployment rate. It follows that there will be an increase in job opportunities created by FDI, thereby reducing Ghana's unemployment rate. As inflation impacts unemployment in an inverse manner, an increase in inflation will reduce unemployment. Moreover, increases in the gross domestic product will contribute to the decline in unemployment, as the gross domestic product had a significant impact on the decline in unemployment. Thus, it is advised that Ghana implement benevolent policies to encourage foreign direct investment to support sustainable economic growth.
Klíčová slova: Foreign Direct Investment; Gross Domestic Product; Inflation; Unemployment; Autogressive Distributed Lag -Error Correction model(ARDL-ECM)
Název práce: IMPACT OF FOREIGN DIRECT INVESTMENT ON UNEMPLOYMENT IN GHANA
Autor(ka) práce: Shelle, Janet Akuba
Typ práce: Diplomová práce
Vedoucí práce: Brůna, Karel
Oponenti práce: Šímová, Kateřina
Jazyk práce: English
Abstrakt:
There is a great deal of controversy regarding the link between foreign direct investment (FDI) inflows and the unemployment rate. While some studies show FDI leads to economic growth, others indicate the opposite. As part of the study, standard time series econometric tools are used to establish the effect FDI has on Ghana's employment rate, which includes augmented Dickey-Fuller (ADF) and Phillips Perron (PP) unit root tests, cointegration testing with autoregressive distributed lags (ARDL) and short-run relationship testing with Error Correction Model (ECM). Additionally, the study analyses gross domestic product (GDP) and inflation rates as control variables. The analysis made use of yearly data from 1991 through 2021. According to the research, foreign direct investment has a significant impact on Ghana's unemployment rate. It follows that there will be an increase in job opportunities created by FDI, thereby reducing Ghana's unemployment rate. As inflation impacts unemployment in an inverse manner, an increase in inflation will reduce unemployment. Moreover, increases in the gross domestic product will contribute to the decline in unemployment, as the gross domestic product had a significant impact on the decline in unemployment. Thus, it is advised that Ghana implement benevolent policies to encourage foreign direct investment to support sustainable economic growth.
Klíčová slova: Foreign Direct Investment; Unemployment; Inflation; Autogressive Distributed Lag -Error Correction model(ARDL-ECM); Gross Domestic Product

Informace o studiu

Studijní program / obor: Finance and Accounting
Typ studijního programu: Magisterský studijní program
Přidělovaná hodnost: Ing.
Instituce přidělující hodnost: Vysoká škola ekonomická v Praze
Fakulta: Fakulta financí a účetnictví
Katedra: Katedra měnové teorie a politiky

Informace o odevzdání a obhajobě

Datum zadání práce: 30. 6. 2022
Datum podání práce: 25. 12. 2022
Datum obhajoby: 31. 1. 2023
Identifikátor v systému InSIS: https://insis.vse.cz/zp/81089/podrobnosti

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