Trade openness, FDI, and income inequality: Evidence from sub-Saharan Africa

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dc.authoridhttps://orcid.org/0000-0002-8296-9477en_US
dc.authoridhttps://orcid.org/0000-0003-4948-6905en_US
dc.contributor.authorXu, Chenghong
dc.contributor.authorHan, Mingming
dc.contributor.authorDossou, Toyo Amegnonna Marcel
dc.contributor.authorBekun, Festus Victor
dc.date.accessioned2023-07-10T07:18:44Z
dc.date.available2023-07-10T07:18:44Z
dc.date.issued2021en_US
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.description.abstractThe motivation for this study stems from the United Nations Sustainable Development Goals (UN?SDGs) and their impact by 2030. The UN highlights 17 SDGs that address pertinent local and global issues, one of which—SDG?10—has been devoted to reducing inequality. This study investigates the nexus between trade openness, foreign direct investment (FDI), and income inequality in sub?Saharan Africa using panel data from 2000 to 2015 and the generalized method of moment (GMM) technique approach. The findings show that FDI and income have a negative, statistically significant relationship with income inequality, signifying that as FDI and income per capita increase, the level of income inequality decreases. However, trade openness, education, political stability, corruption, and rule of law have a positive, statistically significant relationship with inequality. This study, therefore, offers some recommendations that will help policymakers. First, develop good policies to attract more foreign investors, which will contribute to creating employment opportunities in the region. Second, create more infrastructures to provide good quality education. Third, implement a good policy to motivate local production which will contribute to creating jobs. Fourth, build a strong institution(s) to fight against corruption.en_US
dc.identifier.doi10.1111/1467-8268.12511en_US
dc.identifier.endpage203en_US
dc.identifier.issn1017-6772
dc.identifier.issn1467-8268
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-85101979537en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage193en_US
dc.identifier.urihttps://hdl.handle.net/11363/4983
dc.identifier.urihttps://doi.org/
dc.identifier.volume33en_US
dc.identifier.wosWOS:000625402300001en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.institutionauthorBekun, Festus Victor
dc.language.isoenen_US
dc.publisherWILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJen_US
dc.relation.ispartofAfrican Development Reviewen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.titleTrade openness, FDI, and income inequality: Evidence from sub-Saharan Africaen_US
dc.typeArticleen_US

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