This paper uses a uniquely rich project-level dataset to analyze determinants and trends of FDI flows to the Southern African Development Community (SADC) region. We control for the source of the investment, the sector in which the investment is undertaken, and the investment type in addition to...

This paper uses a uniquely rich project-level dataset to analyze determinants and trends of FDI flows to the Southern African Development Community (SADC) region. We control for the source of the investment, the sector in which the investment is undertaken, and the investment type in addition to...

JEL classification codes: O16, F23, E32, O12 Abstract: We investigate whether capital market imperfections constrain investment during an emerging market financial crisis. Both large currency devaluations and widespread collapse of the banking sector characterize recent crises. Although a...