The influence of Information Technology, Foreign Direct Investment and Carbon Emissions on Economic Growth of Franc Zone Countries

Author(s)

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Volume 10 - November 2021 (11)

Abstract

This paper examines the influence of information technology, foreign direct investment, and environmental regulations on economic growth in 13 African countries in the Franc zone during the period 1990-2020. It contributes to the literature on the information technology, foreign direct investment and environmental regulations. In this research, results have confirmed theoretical and empirical arguments for a linear growth relationship for both the West African and Central African monetary union countries. The results indicate a positive and significant influence of information technology, foreign direct investment, and environmental regulations on economic growth. These findings could have policy implications for the Franc zone countries' development prospects, particularly in terms of post-COVID-19 recovery plans. The findings of this study emphasize the financial assistance and role of information technology adoption in assisting economic recovery while meeting its objectives on domestic and external stability and incorporation of environmental policies in the post-COVID-19 era.

Keywords

Information technology, foreign direct investment, environment regulations, Economic growth, Franc zone

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Cite this Article:

Li Fanglin, The influence of Information Technology, Foreign Direct Investment and Carbon Emissions on Economic Growth of Franc Zone Countries, International Journal of Management Sciences and Business Research 11(2021):39-51 DOI: 10.5281/zenodo.5812650