| The current research was the determination of a likely relationship among foreign direct investment, governance, growth, and corporate social responsibility (CSR) in post-conflict Sierra Leone (2002-2013). The major focus was to examine the problem and purpose statement concerning whether the FDI inflow into Sub-Saharan Sierra Leone has a relationship with its economic growth, governing effectiveness, and corporate social responsibility, and whether this relationship is long-term and short-term. The research method for the doctoral dissertation was quantitative. There were four developed quantitative research questions, and five hypotheses in the current dissertation, which examined the association among FDI, governance, growth, and CSR. The complete dataset for the current research were time series and had 48 observations and 9 variables. Applying the AR(2) model in examining hypothesis one, the results revealed that FDI had a significant relationship with the variables on growth, governance, and CSR. The GDP growth (proxy for economic growth), for example, had a positive and statistically significant relationship with FDI inflow (beta1 = .942, df =1, se = .067, t = 14.16, p < .0001). In addition, applying the Granger-Engle cointegation model in hypothesis two, the results showed a statistically significant long-run relationship between FDI and its determinants, (Tau = -3.405, p < .05). Additionally, the results of the error correction model applied in hypothesis three revealed the short-run deviation from the long-run (lintECM) was statistically significant (beta 10 = -.3054, SE = 1.054, t = -3.57, p = .0010). Similarly, the Granger-causality model applied in hypotheses four and five indicated a unidirectional causal relationship between GDP growth (economic growth) and FDI, and between FDI and CO 2 emissions (CSR). Concluding, the research established long-term and short-term relationships among FDI, growth, governance, and CSR, in addition to establishing a causal association between FDI and growth, and between FDI and CSR. The research was limited, however, to the post-conflict years (2002 to 2013), a twelve-year period, which may be inadequate to realize the full impact of FDI on growth. Thus, future research on post-conflict Sierra Leone must attempt to include over twelve years of annual data, to realize the complete impact of FDI on economic growth. |
