Purpose - The study extends the debate on finance versus institutions in the promotion of investment documented by … investment, notably: political, economic and institutional governances. Financial indicators of depth, allocation efficiency … governance as a better determinant of private investment than financial intermediary development. Moreover, the evidence of …

Contrary to mainstream consensus on the dominance of English common law countries in investment prospects, this paper … in private investment. The assessment is based on 38 African countries for the period 1996-2007. The law mechanisms of … North African) have influenced a plethora of investment dynamics (domestic, foreign, private and public). The dominance of …

intermediary channels of depth, efficiency, activity and size. The findings show that legal origin matters in the finance-investment … nexus, though its ability to explain aggregate investment dynamics only through financial intermediary channels is limited …

the relationships between various components of property rights institutions and private investment, notably: political … correlate of private investment than financial intermediary development. The interaction of finance and governance is not … significant in potentially promoting private investment, perhaps due to substantially documented surplus liquidity issues in …

influence domestic investment in Africa, except for government effectiveness which happens to be insignificant. Also, Voice …. Furthermore, economic growth is also an important factor in explaining domestic investment in Africa. Policy recommendations are …The study empirically examined the impact of governance on domestic investment in 16 African countries with a balanced …

In recent decades, the impact of South African foreign direct investment in Africa has been captured by research and … policy. This paper investigates linkages and spillover effects of South African foreign direct investment in Botswana and … incentives for foreign direct investment to promote entrepreneurship. Other policy implications are also discussed. …

investment (FDI) on economic growth dynamics in 25 countries in Sub-Saharan Africa for the period 1980-2014. The employed …

This study complements existing literature by investigating how investment-driven finance affects inequality in Africa … investment, financial dynamics of depth, efficiency, activity and size enhance equalizing income-distribution through domestic …, private and public investment channels. Policy implications are discussed with particular emphasis on improving inclusive …

The Ali (2013, EB) findings on the nexuses among institutions, finance and investment could have an important influence … substitution of institutions and finance in investment. Results under many baseline and augmented scenarios are not consistent with …, EB) findings for countries with poor financial systems may not be relevant for Africa. …

assessment of the finance-investment nexus. Design/methodology/approach - VAR models in the perspectives of VECM and short … investment elasticities are positive, investment elasticities of finance are negative; (2)but for Guinea Bissau, Mozambique and … Togo, finance does not seem to engender portfolio investment; (3)contrary to mainstream literature, financial efficiency …