Date of Award
2020
Document Type
Thesis
Degree Name
Bachelors
Department
Social Sciences
First Advisor
Khemraj, Tarron
Area of Concentration
Economics
Abstract
This thesis estimates an augmented Solow growth model for Jamaica. This model seeks to understand the relationship between foreign direct investment and economic growth as well as estimate total factor productivity (TFP). We make use of an ARDL model to examine the long run and short-run estimates of the growth equation. We find that the relationship between FDI and GDP is negative but not statistically significant. Additionally, we find the TFP output to be reflective of the country’s history with debt and financial crises. This analysis, paired with an overview of Jamaica’s economic and political history, will pave the way for informed policy.
Recommended Citation
Godfrey, Julia, "THE INFLUENCE OF FDI ON ECONOMIC GROWTH IN JAMAICA" (2020). Theses & ETDs. 5942.
https://digitalcommons.ncf.edu/theses_etds/5942