Abstract
This paper estimates the impact of foreign direct investment (FDI) on economic growth in CEMAC countries. The basic theory is that of endogenous growth. The econometrical study is based on the work of Alaya, Nicet-Chenaf, and Rougier (2009) and Borensztein, De Gregorio, and Lee (1998). This model also includes the channels through which FDI influences growth. The study covers the period 1980-2010. All CEMAC countries are considered. To estimate the model, the author has used the method of double least squares and the generalised method moment. The results show that FDI affect growth in all CEMAC countries except Congo. The mean by which the realisation of their influence differs from one country to another. The main recommendation of the study is to promote economic and structural policies to modernise the economies of CEMAC.
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