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Analysis of the determinants of foreign direct investment flows in Waemu countries

African Journal of Economic Policy

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Field Value
 
Title Analysis of the determinants of foreign direct investment flows in Waemu countries
 
Creator Batana, Yélé Maweki
 
Description One of the problems which Sub-Saharan African countries are confronted with is low levels of investment. Yet, the theory of growth tells us that it is impossible to consider development without a substantial accumulation of capital. An important channel through which these countries can solve the problem is to resort to foreign direct investment (FDI). This paper, using dynamic panel data, sets out to identify the main determinants of the flows of foreign investment in countries of the WAEMU. The estimation mainly based on Arellano and Bond (1991) GMM estimator suggests that the domestic investment, the literacy rate, the openness degree and the lagged foreign investment are relevant in the explanation of foreign investment flows in these countries. African Journal of Economic Policy Vol. 11(2) 2004: 27-48
 
Publisher Department of Economics, University of Ibadan
 
Date 2006-07-12
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.ajol.info/index.php/ajep/article/view/24253
10.4314/ajep.v11i2.24253
 
Source African Journal of Economic Policy; Vol. 11 No. 2 (2004); 27-48
1116-4875
 
Language eng
 
Relation https://www.ajol.info/index.php/ajep/article/view/24253/20293