Foreign direct investment and rate of exchange in the Democratic Republic of the Congo: what effects?

Résumé fourni par la source

This paper analyses the impact of the Foreign Direct Investment on the rate of exchange before or not other variables which can influence the rate of exchange in DRC. In order to confirm our hypothesis assigned to this one and reach its objective, we have referred to the following methods and techniques: the analytical method, the method Lesser Ordinary Square through the model of Error Correction and the documentary technique. Thus, on the basis of different reports of the African Bank of Development, the Central Bank of Congo, and finally the World Table of the World Bank and the international financial statistics of IMF from 1984 to 2015, we have come to the results according to which the official rate of exchange in DRC has a negative impact on the foreign direct investment. Our results prove that money depreciation increases the FDI in the welcoming country and consequently the rate of exchange decreases. So, the drop in the rate of exchange leads to a raise of exportations. In the same conditions, a raise of rate of exchange leads to a reduction of exportations.

Ce résumé expose les affirmations des auteurs. BNTIC ne l’interprète pas comme une validation indépendante des résultats.