This study relates foreign direct investment (FDI) to economic growth, institutional quality and manufacturing value added, using panel data techniques that allow for parameter heterogeneity and non-stationarity. The results confirm that economic growth, institutional quality, and natural...

This paper uses a gravity model to assess the impact of deeper integration through Regional Economic Communities (RECs) on foreign direct investment (FDI) in Sub-Saharan Africa (SSA). The analysis includes panel data on 25 host and 35 source countries in SSA over the period 2001-2012. Employing...

African countries have sought to replicate the success of East Asia by implementing special economic zones. Despite decades of international experience, there remains no blueprint for successful special economic zone policies, and the majority of special economic zones fall well below...

The study explores the influence of environmental risk (macroeconomic uncertainty and environmental sustainability risk) on the inflow of foreign direct investment (FDI), utilizing data from 37 economies in sub-Saharan Africa (SSA) from 1996 to 2019. The empirical analyses were carried out using...

Foreign Direct Investment (FDI) can bring in much needed capital, particularly to developing countries, help improve manufacturing and trade sectors, bring in more efficient technologies, increase local production and exports, create jobs and develop local skills, and bring about improvements in...

This paper analyzes the horizontal productivity effects of foreign direct investment (FDI) from industrialized and developing countries in 10 sub-Saharan African countries. We establish a unique data set by combining data from the World Bank Enterprise Surveys that allow us to distinguish...

This paper investigates the relationship between FDI and private investment in Sub-Saharan Africa (SSA), using a sample of 40 countries over 1980-2017. To disentangle short term from long-term dynamics, our empirical analysis is based on Pooled Mean Group (PMG), Mean Group (MG) and Dynamic Full...

In this study, we tried to see the impact of military expenditure and foreign aid on foreign direct investment in Sub-Saharan Africa using a panel data analysis. Based on the results obtained from the fixed effect estimation model, Net Official Development Assistance (ODA) can increase the...

Access to electricity is a marker for development but it is far from being universal in developing countries. In this context, multinational enterprises (MNEs) could play a role, especially if the country suffers from institutional voids. Using a panel of 1500 home-host country pairs, observed...

Geocoding firm-level data and matching them to georeferenced household survey data, we are the first to analyze whether the presence of foreign investors is associated with changes in local corruption around foreign-owned production facilities in Sub-Saharan African countries. Applying an...