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George Mtayachalo

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Open access Aug 2026

Exchange Rate Movements and Foreign Direct Investment in Zambia: Evidence from Annual Time-series Data (1990–2024)

This study examines the relationship between exchange-rate movements and foreign direct investment (FDI) in Zambia using annual time-series data for 1990–2024. Guided by Real Options Theory and Dunning’s Eclectic Paradigm, the analysis applies the Autoregressive Distributed Lag (ARDL) bounds-testing approach to estimat...

Muchemwa Sinkala, Chijika Sukumuna, George Mtayachalo · 0 citations

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