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...

We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between mergers and acquisitions ("M&As") and "greenfield" investment. A simple model captures the key difference between the two types of FDI: unlike greenfield investment, M&As partly...

Africa: A continent is waking up. Not through aid or wealth from the exploitation of natural resources, but through a technological revolution. The access to affordable mobile telecommunication. Inspired by deregulation and pioneered by local champions who have taken a lead in what is today's...

The experience of newly-industrialised countries suggests the need for an analysis in which the pattern of comparative advantage is not set in stone but is potentially flexible, and in which less developed countries can develop and converge in both income and economic structure to industrial...

Tourism is one of the major determinants of global economic growth, creating jobs within the sector, and Africa is no exception. The target of the sub-Saharan African (SSA) countries is to consider tourism as an alternative means of economic expansion. However, tourism is a means of...