In our analysis we discuss several dynamic panel data estimators proposed in the literature and assess their performance in Monte Carlo simulations. It is a well known fact that the natural choice, the least squares dummy variable estimator is biased in the context of dynamic estimation. The...

We examine FDI’s effects of on domestic investment in Sub-Saharan Africa. Our model’s assumptions are inspired from the theoretical model of Agosin and Mayer (2001). Two assumptions have special interest: (i) the first is that multinational firms crowd-out local firms ; (ii) the second...