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Contrary to mainstream consensus on the dominance of English common law countries in investment prospects, this paper sets a new tone in the legal origins debate by providing empirical validity on the dominance of French civil-law countries in private investment. The assessment is based on 38...
Persistent link: https://www.econbiz.de/10011410380
This paper assesses if legal origin explains domestic, foreign, private and public investments through financial 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...
Persistent link: https://www.econbiz.de/10011410386
We assess drivers of FDI in a panel of BRICS and MINT countries for the period 2001-2011. We bundle and unbundle governance determinants using a battery of contemporary and non-contemporary estimation techniques. The following findings are established. First, for both contemporary and...
Persistent link: https://www.econbiz.de/10011409066
The objective of this study is to assess governance drivers of FDI in a panel of BRICS and MINT countries for the period 2001-2011. We bundle and unbundle governance determinants using a battery of contemporary and non-contemporary estimation techniques. Our findings reveal the following:...
Persistent link: https://www.econbiz.de/10012063760
This study investigates: (i) the effect of foreign direct investment (FDI) on total factor productivity (TFP) and economic growth dynamics, and (ii) the relevance of value added from three economic sectors in modulating the established effect of FDI on TFP and economic growth dynamics. The...
Persistent link: https://www.econbiz.de/10012798944
Purpose - The study extends the debate on finance versus institutions in the promotion of investment documented by Acemoglu and Johnson (2005), Ali (2013) and Asongu (2014). We assess the effects of various components of governance on private investment, notably: political, economic and...
Persistent link: https://www.econbiz.de/10011417473
her operations and local businesses; exporting low quality products to Africa; and the emergence of China hindering Africa …
Persistent link: https://www.econbiz.de/10011408500
This study dissects with great acuteness some of the big questions on China-Africa relations in order to debunk … direction of China-Africa relations. In the mean, the relationship from an economic standpoint is promising and encouraging but …
Persistent link: https://www.econbiz.de/10011409965
This study examines whether the remarkable inflow of resources in the form of foreign direct investment (FDI) to SSA contributes to inclusive growth in the region. The study further investigates whether SSA's institutional fabric modulates the effect of FDI on inclusive growth in SSA. To this...
Persistent link: https://www.econbiz.de/10012817924
In line with the SDG 10 and Aspiration 1 of Africa's Agenda 2063, this study examines whether: (i) the remarkable … inflow of Chinese FDI to Africa matters for bridging the continent's marked income inequality gap, (ii) Africa …'s institutional fabric is effective in propelling Chinese FDI towards the equalisation of incomes in Africa, and (iii) there exist …
Persistent link: https://www.econbiz.de/10012799903