Public Sector Accounting and Finance

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Browsing Public Sector Accounting and Finance by Subject "Employment creation, FDI, and Unemployment"

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    Analyzing the Impact of Inward Foreign Direct Investment on Employment Creation in the East African Community (EAC)
    (ZENITH International Journal of Business Economics & Management Research, 2012-08) Mpanju, AK
    As an engine of economic development for developing countries, foreign direct investment (FD) inflows have contributed for creation of employment, technology transfer to local firms, and managerial know-how; have had positive effects on exports and access to external markets. This study tries to analyze the impact foreign direct investment (FDI) inflows on employment generation/creation within the East African Community (EAC), which is the regional intergovernmental organization of the Republics of Tanzania, Kenya, Uganda, Rwanda and Burundi. It specifically estimates the effect of FDI on employment creation in the EAC for the period of 2004 to 2008. The study adopted a case study design with a quantitative research approach and it represents an econometric analysis using statistical package for social sciences (SPSS). The results show that there is strong (positive) relationship between the variables. This means that foreign direct investments (FDI) have a big significant impact on the pattern of employment opportunities. Then from above analysis we may conclude that EAC’s employment creation especially, does depend upon foreign direct investment inflows.