| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP12223
|
| DP12223 The Determinants of Foreign Direct Investment in sub-Saharan Africa: What Role for Governance? |
| Andrés Rodríguez-Pose
|
| 发表日期 | 2017-08-15
|
| 出版年 | 2017
|
| 语种 | 英语
|
| 摘要 | For the past quarter of a century, foreign direct investment (FDI) flows have grown exponentially across the world. Sub-Saharan Africa has, however, lagged behind and only lured on average a mere 2% of global FDI. The investment that the region attracts tends, moreover, to be concentrated in a number of commodity-rich countries. Natural resources and the size of national markets have generally been considered as the main drivers of FDI. The quality of local institutions has, by contrast, attracted less attention. This paper uses institutional data for 22 countries in order to demonstrate that the quality of governance plays a far from negligible and enduring role in the distribution of FDI in sub-Saharan Africa. It is shown that factors such as political stability, government effectiveness, lower corruption, voice and accountability, and the rule of law not only are more important determinants of FDI than the size of local markets, but also that their influence on the capacity of African countries to attract FDI is long-lasting. |
| 主题 | International Trade and Regional Economics
|
| 关键词 | Foreign direct investment (fdi)
Good governance
Institutions
Markets
Natural resources
Sub-saharan africa
|
| URL | https://cepr.org/publications/dp12223
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541034
|
推荐引用方式
GB/T 7714 |
Andrés Rodríguez-Pose. DP12223 The Determinants of Foreign Direct Investment in sub-Saharan Africa: What Role for Governance?. 2017.
|
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