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Effets différenciés des IDE sur la croissance économique africaine: le rôle de la finance

Bruno Emmanuel Ongo Nkoa

Revue d’économie du développement, 2018, vol. 26, issue 3, 33-63

Abstract: In this article, we appreciate the role of finance as a necessary condition for a better contribution of FDI to economic growth from a sample of 50?African countries over the period 1980-2016. To achieve this, we estimate a model using the Generalized Method of Moment (GMM) System. Our estimates lead to two main results. First, finance improves positively and significantly the impact of FDI on economic growth. Second, this improvement is driven more by financial markets development. We suggest to optimize the absorption capacities of FDI, a financial deepening and a strengthening of financial markets by a strong integration. Codes JEL?: E23, F21, F41.

Keywords: Africa; economic growth; FDI; financial development; capital market; GMM (search for similar items in EconPapers)
JEL-codes: E23 F21 F41 (search for similar items in EconPapers)
Date: 2018
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