2023
DOI: 10.1016/j.resglo.2023.100114
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The effect of population health on the inflows of foreign direct investment in Africa

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Cited by 9 publications
(4 citation statements)
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“…Given the aforementioned estimation concerns, we use the system Generalised Method of Moments (GMM) regression of Arellano and Bover (1995) and Blundell and Bond (1998) as our empirical estimation technique. This is because, aside from being dynamic in nature, the system GMM is capable of dealing with endogeneity using first differenced and level equations as well as the lags of independent variables as instruments (Immurana et al , 2021b, 2023b; Roodman, 2009; Sakyi and Egyir, 2017). The statistical appropriateness of the system GMM estimates is confirmed using the Hansen overidentification test (Hansen j ), the Arellano–Bond second-order serial correlation test (ARB) and avoiding the proliferation of instruments.…”
Section: Methodsmentioning
confidence: 99%
“…Given the aforementioned estimation concerns, we use the system Generalised Method of Moments (GMM) regression of Arellano and Bover (1995) and Blundell and Bond (1998) as our empirical estimation technique. This is because, aside from being dynamic in nature, the system GMM is capable of dealing with endogeneity using first differenced and level equations as well as the lags of independent variables as instruments (Immurana et al , 2021b, 2023b; Roodman, 2009; Sakyi and Egyir, 2017). The statistical appropriateness of the system GMM estimates is confirmed using the Hansen overidentification test (Hansen j ), the Arellano–Bond second-order serial correlation test (ARB) and avoiding the proliferation of instruments.…”
Section: Methodsmentioning
confidence: 99%
“…In addition, the insignificance of the P values of J and DW suggests the absence of overidentification and endogeneity respectively. 28 - 33 …”
Section: Methodsmentioning
confidence: 99%
“…The system GMM is chosen for the following reasons: (i) it is able to capture the persistence of dependent variables overtime, (ii) it is able to deal with the problem of endogeneity emanating from the persistence term correlating with the error term and (iii) it is capable of handling problems associated with the dependent variable being able to affect the independent variables, which is also a form of endogeneity. 20 , 21 , 27 - 32 …”
Section: Methodsmentioning
confidence: 99%
“…To avoid the proliferation of instruments, the number of instruments should be less than the number of countries. 20 , 21 , 27 - 32 …”
Section: Methodsmentioning
confidence: 99%