Home
World Journal of Advanced Research and Reviews
International Journal with High Impact Factor for fast publication of Research and Review articles

Main navigation

  • Home
    • Journal Information
    • Editorial Board Members
    • Reviewer Panel
    • Abstracting and Indexing
    • Journal Policies
    • Our CrossMark Policy
    • Publication Ethics
    • Issue in Progress
    • Current Issue
    • Past Issues
    • Instructions for Authors
    • Article processing fee
    • Track Manuscript Status
    • Get Publication Certificate
    • Join Editorial Board
    • Join Reviewer Panel
  • Contact us
  • Downloads

eISSN: 2581-9615 || CODEN: WJARAI || Impact Factor 8.2 ||  CrossRef DOI

Research and review articles are invited for publication in April 2026 (Volume 30, Issue 1) Submit manuscript

Impact of foreign direct investment on manufacturing sector growth in sub-Saharan Africa

Breadcrumb

  • Home
  • Impact of foreign direct investment on manufacturing sector growth in sub-Saharan Africa

Ebele Sabina Nsofor 1, Chimaobi Desmond Obani 2, * and Charles Ikechukwu Agu 2

1 Department of Banking and Finance, Caritas University, Enugu, Nigeria.
2 Department of Accountancy, Caritas University, Enugu, Nigeria.
 
Research Article
World Journal of Advanced Research and Reviews, 2024, 21(01), 2521-2528
Article DOI: 10.30574/wjarr.2024.21.1.2581
DOI url: https://doi.org/10.30574/wjarr.2024.21.1.2581
 
Received on 07 November 2023; revised on 22 January 2024; accepted on 24 January 2024
 
This study explores the influence of Foreign Direct Investment (FDI) on the growth trajectory of the manufacturing sector in Sub-Saharan Africa. The research employs the panel Autoregressive Distributed Lag (ARDL) estimation technique on data spanning from 1985 to 2021. The findings reveal that FDI and TOP positively impact the manufacturing sector's growth in the long run, while GFCF exerts a negative influence. However, these effects are not observed in the short run. The study underscores the need for policies that enhance the investment climate and foster trade openness to stimulate manufacturing sector growth. The adverse impact of GFCF calls for additional research to uncover the underlying causes and propose potential remedial measures. This study offers critical insights for policy formulation and paves the way for future research in economic development in Sub-Saharan Africa.
 
Foreign direct investment; Manufacturing sector; ARDL; Capital formation; Africa
 
https://wjarr.com/sites/default/files/fulltext_pdf/WJARR-2023-2581.pdf

Preview Article PDF

Ebele Sabina Nsofor, Chimaobi Desmond Obani and Charles Ikechukwu Agu. Impact of foreign direct investment on manufacturing sector growth in sub-Saharan Africa. World Journal of Advanced Research and Reviews, 2024, 21(1), 2521-2528. Article DOI: https://doi.org/10.30574/wjarr.2024.21.1.2581

Copyright © Author(s). All rights reserved. This article is published under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits use, sharing, adaptation, distribution, and reproduction in any medium or format, as long as appropriate credit is given to the original author(s) and source, a link to the license is provided, and any changes made are indicated.


All statements, opinions, and data contained in this publication are solely those of the individual author(s) and contributor(s). The journal, editors, reviewers, and publisher disclaim any responsibility or liability for the content, including accuracy, completeness, or any consequences arising from its use.

Get Certificates

Get Publication Certificate

Download LoA

Check Corssref DOI details

Issue details

Issue Cover Page

Editorial Board

Table of content

Copyright © 2026 World Journal of Advanced Research and Reviews - All rights reserved

Developed & Designed by VS Infosolution