MECHANISMS OF FDI TECHNOLOGY TRANSFER AND ECONOMIC GROWTH IN GHANA

Stephany Abokzele Adongo, Lizhen Chen, Xuhua Hu, Emma Serwaa Obobisa

Abstract


Economic growth models propose that growth comes from technological change and market incentives play an important role in making technological changes available to the economy.  However for FDI’s in developing economies, there are many mechanisms for technology transfer and diffusion yet the extent to which each of these influences economic growth is still limited in the extant literature. We sampled technology transfer related and other economic data from National Institutions in Ghana and examined FDI technology transfer and its effect on economic growth in Ghana. We noted that the relationship between mode of technology transfer and economic growth are equally strong. This means that technological transfer in any form is major advantage which economies get from foreign direct investment.


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