Foreign direct investment in sub-Saharan Africa: Beyond its growth effect

Wako, Hassen Abda

doi:10.1016/j.resglo.2021.100054

Cited by 16 publications

(10 citation statements)

References 37 publications

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“…The study uses an array of control variables to isolate different aspects of the host countries that affect incoming FDI. Our first set of control variables reflect the institutional environment in India and China vis-à-vis control over corruption and voice and accountability (Ramaswamy, 2012;Wako, 2018). In addition, we have included political stability as an additional control variable because uncertainties regarding political environment can affect FDI flows significantly (Kolstad & Wigg, 2012;Naude & Krugell, 2007).…”

Section: Control Variablesmentioning

confidence: 99%

A comparative analysis of Indian and Chinese FDI into Africa: The role of governance and alliances

Munjal

Varma

Bhatnagar

2022

Journal of Business Research

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Section: Control Variablesmentioning

confidence: 99%

A comparative analysis of Indian and Chinese FDI into Africa: The role of governance and alliances

Munjal

Varma

Bhatnagar

2022

Journal of Business Research

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“…Premised on panel co-integration and causality tests, Basu, Chakraborty and Reagle [ 16 ] put forward that there is a dual-directional causality amid economic growth and FDI in their study carried out on 23 developing countries within the period between 1978 and 1996. Basu et al [ 16 ] assert further that for economies that are reasonably open, causality moves bi-directionally, whereas for economies that are reasonably closed, causality in the long-run mostly moves from growth to FDI [ 1 , 45 ].…”

Section: Review Of Literaturementioning

confidence: 99%

Fragility of FDI flows in sub-Saharan Africa region: does the paradox persist?

Adegboye

Okorie

2023

Futur Bus J

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The circumstances of the SSA region regarding the inflow of foreign direct investment (FDI) present a puzzle. In spite of the high rate of return on investment, the inflow of foreign investments keeps eluding the region, and the COVID-19 pandemic even perplexes the flow fragility the more. What factors then determine FDI flows aside from return on investment? Could there be more persuasive relative cost complexes? The study aimed at testing the effects of determining factors that influence FDI flows and their impact on economic development, considering the COVID-19 period. The study used cross-country pooled data from 30 SSA countries collected between 2001 and 2020. The study utilized five panel estimation techniques, namely Pooled Regression, Fixed Effect (FE), Random Effect (RE), Panel Two-Stage Least Square and Differenced Generalized Moments of Method (DGMM). The study found that the inflow of FDI has significant positive impact on economic development in the sub-Saharan African region. It is also ascertained that the outflow of FDI, and political stability has an inverse relationship with economic development. The study recommends that governments of host economies should hence ensure an enabling framework for their economies, so as to improve infrastructure, political stability, and institutional quality, in order to sufficiently encourage the inflow of FDI into the SSA region and make the environment inviting, sustainable, and beneficial for foreign investors and host economies alike.

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“…1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 GDP growth (annual %) Indonesia Sumber : worldbank.org (2022) Gambar 2. Rata-rata Pertumbuhan Ekonomi 5 Negara ASEAN Periode 1971-2021 Fenomena fluktuasi perekonomian yang cenderung rentan terhadap krisis serta pertumbuhan ekonomi Indonesia masih dibawah Singapura dan Malaysia, maka perlu upaya dalam menjaga stabilitas pertumbuhan ekonomi yang ditentukan oleh beberapa faktor penting salah satunya faktor kondusifnya iklim investasi. Hal ini dikarenakan investasi merupakan pengeluaran yang dilakukan untuk menghasilkan modal yang bertujuan digunakan untuk meningkatkan produksi barang dan jasa yang juga diaharapkan di masa depan memberikan keuntungan berlipat ganda (Multiplier Effect) (Sukirno, 2010).…”

Section: Pendahuluanunclassified

“…Kajian literatur sebelumnya menyatakan bahwa investasi menjadi faktor penting dalam mempengaruhi pertumbuhan ekonomi dimana hubungannya adalah positif, kenaikan investasi akan mendorong pertumbuhan ekonomi (Alisman, 2016;Zulkifli, 2017;Ain', 2021;Rahman, 2019;Triyawan & Mutmainnah, 2021;Wako, 2021;Zaman et al, 2021;Qureshi et al, 2021;Dankyi et al, 2022;Nchake & Shuaibu, 2022). Berdasarkan kajian teoritis juga, Keynes upaya yang dapat dilakukan pemerintah yang dipandang sebagai pemberi stimulus melalui kebijakan publik yang berdampak pada perekonomian.…”

Section: Hasil Dan Pembahasanunclassified

Kontribusi Investasi dan Perdagangan Luar Negeri Terhadap Pertumbuhan Ekonomi

Teuku¹

2022

jii

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Eksistensi investasi dan perdagangan luar negeri masih menjadi harapan bagi pertumbuhan ekonomi Indonesia. Penelitian ini bertujuan menganalisis pengaruh investasi, ekpor-impor barang dan jasa terhadap PDB. Penelitian ini menggunakan model analisis data time series periode 1971-2020 yang bersumber dari World Bank dengan model regresi linier berganda pendekatan estimasi parameter Ordinary Least Square (OLS) dengan transfromasi estimasi P (rho) melalui metode Cochrane-Orcutt. Berdasarkan hasil estimasi yang telah dilakukan menunjukkan secara simultan bahwa variabel-variabel independent (bebas) seperti Ekspor dan Impor, dan Investasi berpengaruh terhadap PDB. Namun, secara parsial hanya variabel investasi dan impor yang berpengaruh signifikan terhadap PDB sedangkat ekspor tidak menunjukkan hubungan yang signifikan. Oheh karena itu pemerintah harus tetap konsisten dalam merumuskan kebijakan menjaga kondusifitas iklim investasi dan kebijakan promosi ekspor dan substitusi impor.

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Foreign direct investment in sub-Saharan Africa: Beyond its growth effect

Cited by 16 publications

References 37 publications

A comparative analysis of Indian and Chinese FDI into Africa: The role of governance and alliances

A comparative analysis of Indian and Chinese FDI into Africa: The role of governance and alliances

Fragility of FDI flows in sub-Saharan Africa region: does the paradox persist?

Kontribusi Investasi dan Perdagangan Luar Negeri Terhadap Pertumbuhan Ekonomi

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