A STUDY ON UGANDA’S ECONOMIC DEVELOPMENT : A MACROECONOMIC VIEW
- 주제(키워드) Uganda , Economic Development , Foreign Direct Investment , Macroeconomic determinant
- 주제(DDC) 658.18
- 발행기관 아주대학교 국제대학원
- 지도교수 Chang, Byeong Yun
- 발행년도 2025
- 학위수여년월 2025. 8
- 학위명 석사
- 학과 국제대학원 국제경영학과
- 실제URI http://www.dcollection.net/handler/ajou/000000034883
- 본문언어 영어
- 저작권 아주대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
This research investigates Uganda’s economic development based on macroeconomic determinants, a topic of significant importance in international business and economic development. The study focuses on how macroeconomic determinants, such as Foreign Direct Investment, impact economic development. Inward FDI is acknowledged as a vital driver of economic development in emerging economies, and Uganda, as a developing country, is actively implementing reforms to attract FDI. However, the specific role of FDI inflows in facilitating economic development, particularly in Uganda's unique financial ecosystem, has not been thoroughly researched. Using annual time series data from 2000 to 2022, this research quantifies FDI’s short-run influence on economic development alongside other macroeconomic variables, contributing to a better understanding of the role of FDI in economic development. The findings demonstrate that FDI significantly contributes to capital infusion, technology transfer, and productivity growth, provided it’s complemented with other macroeconomic variables in Uganda’s economic landscape. This research contributes to the research literature on Uganda by providing empirical insights into the impact of FDI amidst Uganda's unique financial ecosystem, which can guide economic stakeholders in optimising the developmental implications of macroeconomic factors. The results are particularly relevant for developing economies that leverage FDI as a catalyst for sustainable development alongside other macroeconomic variables.
more목차
CHAPTER I: INTRODUCTION 1
1.1 Background. 1
1.2 Problem Statement 5
1.3 Objective of the Study 6
1.4 Significance of the Study 6
1.5 Theoretical Framework: Endogenous Growth Theory 7
CHAPTER II: LITERATURE REVIEW 9
2.1 Introduction to FDI and Economic Development 9
2.2 The Impact of FDI on Economic Development in Uganda. 10
2.3 Factors Influencing FDI Inflows into Uganda 11
2.4 Challenges and Limitations of FDI in Uganda 12
2.5 Key Macroeconomic Variables. 14
CHAPTER III: METHODOLOGY AND DATA. 16
3.1 Data Description 16
3.2 Testing for Unit Roots. 17
3.3 Justification of Differential Operations on the Time Series Variables. 18
3.4 Hypothesis of the Study 20
3.5 Granger and Instantaneous Causality Tests 22
CHAPTER IV: EMPIRICAL RESULTS AND DISCUSSION 23
4.0 Model Specification and Estimation of Results 23
4.1. Unit Root Tests. 23
4.2 Correlation Analysis Between ΔGDP Growth and Δ²FDI 25
4.3 Simple Linear Regression Analysis 26
4.4 Granger and Instantaneous Causality Analysis 28
4.5 Multiple Linear Regression of GDP and Other Macroeconomic Variables. 29
CHAPTER V: CONCLUSION AND RECOMMENDATION 40
5.1 Conclusion 40
5.2 Recommendation and Future Research 42
5.3 Limitations of the study 44
References 45
APPENDICES 50
Appendix 1: Variables Description 50
Appendix 2: Data on GDP growth, FDI inflows, Exports, Government Expenditure and Remittances in Uganda 52
Appendix 3: Data on Domestic Investment, Imports and Inflation in Uganda 54
Appendix 4: Regression Selection Criteria for the MLR Table 4.5. 56
Appendix 5: Statistical Assumption Tests and Technical Notes 59
