全球智库信息集成服务系统(G2TT): The Contribution of Chinese FDI to Africa's Pre Crisis Growth Surge

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w17544
来源ID	Working Paper 17544
	The Contribution of Chinese FDI to Africa's Pre Crisis Growth Surge
	Aaron Weisbrod; John Whalley
发表日期	2011-10-27
出版年	2011
语种	英语
摘要	In the 3 years before the 2008 Financial Crisis, GDP growth in sub Saharan Africa (averaged over individual economies) was around 6%, or 2 percentage points above mean growth rates for the preceding 10 years. This period also coincided with significant Chinese FDI flows into these countries, accounting for up to 10% of total inward FDI flows for certain countries in these years. We use growth accounting methods to assess what portion of this elevated growth can be attributed to Chinese inward FDI. We follow Solow (1957), Dennison (1962), and others and use data for individual economies between 1990 and 2008 to calculate Solow residuals for these years for individual economies. We use capital stock data, workforce, and factor share data by country. Capital stock data is unavailable directly, and so we use perpetual inventory methods to construct the data. Factor shares come from UN National Accounts data. We then run counterfactual growth accounting experiments for thirteen Sub-Saharan African countries excluding Chinese FDI inflows for 2005-2007 and also 2003-2009. Our individual results vary by year and country, but there are several year/country combinations where Chinese FDI contributed to an additional one half of a percentage point or above to GDP growth. These results suggest that a significant, even if in some cases small, portion of the elevated growth in sub Saharan Africa in the three years before the Financial Crisis and also in the two years afterwards (2008-2009) can be attributed to Chinese inward investment.
主题	International Economics ; International Factor Mobility ; International Macroeconomics ; Development and Growth ; Growth and Productivity ; Country Studies
URL	https://www.nber.org/papers/w17544
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/575218
推荐引用方式 GB/T 7714	Aaron Weisbrod,John Whalley. The Contribution of Chinese FDI to Africa's Pre Crisis Growth Surge. 2011.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w17544.pdf（290KB）	智库出版物		限制开放	CC BY-NC-SA	浏览