The nexus between foreign direct investment (FDI), trade openness, and growthhas dominated the economic growth and development literature of developingcountries in recent decades. This increasing interest is motivated by: (i) the role ofFDI stimulating policies in the strategies of developing countries, (ii) the need tobetter understand the channels through which FDI impact on economic growth,and (iii) the steady decline in official development assistance (ODA) to thesecountries (Lemi & Asefa,2003;Asafu-Adjaye,2005).
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