This study investigates empirically the relationship between Trade openness\n(OPEN) and Foreign Direct Investment (FDI) on the economic growth for a\npanel of four (4) West African countries (Côte dâ??Ivoire, Ghana, Nigeria, and\nSenegal) during the period of 1998 to 2017. The static panel regression techniques\nwere employed to assess the causal link of our regressors, namely, FDI,\ntrade openness, investment and Inflation to economic growth measured by\nGross Domestic Product (GDP). Levin-Lin-Chu unit-root test was conducted\nto find the stationarity of the panel data. The evidence from the statistical\nanalysis suggests that aggregated trade openness, investment, and inflation do\nhave a positive and significant impact on economic growth and is thus consistent\nwith the literature, especially for developing countries. Based on static\nrandom effects, the addition of the foreign direct investment (FDI) did not\ndeviate from the results, notwithstanding its negative impact on economic\ngrowth. The contribution of trade openness, investment and inflation are observed\nto be relatively higher than foreign direct investment.
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