VOLATILITÉ DU TAUX DE CHANGE ET LES INVESTISSEMENTS DIRECTS ETRANGERS EN RÉPUBLIQUE DÉMOCRATIQUE DU CONGO DE 1985 À 2020
DOI:
https://doi.org/10.61841/f01pe087Keywords:
Exchange rate volatility, Foreign Direct Investment (FDI).Abstract
This research aimed to assess the existence of a link between exchange rate volatility and FDI (Foreign Direct Investment) in the Democratic Republic of Congo. To do this, it used the Autoregressive Distributed Lag model, using annual data from 1985 to 2020, a period of 36 years.
The results reveal that in the short term, exchange rate volatility has a positive and statistically insignificant effect on FDI. However, in the long term, the effect of exchange rate volatility becomes negative and statistically insignificant on FDI in the DRC during the period under review.
References
Belke, A. and Gros, D., 1998. Evidence on the Cost of Intra-European Exchange Rate Variability, CEPS Working Document 121.
Dixit, A.K. and Pindyck, R.S. (1994). Investment under Uncertainty. Princeton University Press.
Dixit, A.K., 1989. “Entry and Exit Decisions under Uncertainty”, Journal of Political Economy 97,
Dixit, A.K., 1992. “Investment and Hysteresis”, Journal of Economic Perspective 6, 107-32.
Djaowe, J. et Bouba, W. (2018).
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