Chijika Sukumuna

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

Muchemwa Sinkala, Chijika Sukumuna & George Mtayachalo · Journal of Economics, Management and Trade · 2026

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 (...