EconPapers    
Economics at your fingertips  
 

ECONOMIC FREEDOM AND FOREIGN DIRECT INVESTMENT IN ECOWAS COUNTRIES: A PANEL DATA ANALYSIS

Kazeem Ajide () and Perekunah Eregha ()

Applied Econometrics and International Development, 2014, vol. 14, issue 2

Abstract: The paper examines the relationship between economic freedom and the inflow of foreign direct investment (FDI) in twelve ECOWAS countries selected based on data availability over the period spanning 1995 to 2010. A panel data analysis was employed for the estimation in which preference was shown for fixed over random effects as suggested by the Hausman test. The study however, revealed the positive and significant impact of financial freedom on the inflow of FDI while business and property right freedoms constituted drags to FDI attraction among those countries. It is therefore recommended that unfettered business freedom should be prevented, flagrant abuses of copyrights, patent and franchise rights should be dully sanctioned and that a sound financial system environment should be promoted and consciously monitored to avert from being abused.

Keywords: Economic Freedom; Foreign Direct Investment; ECOWAS countries; Panel data Analysis. (search for similar items in EconPapers)
JEL-codes: F00 F21 F23 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed

Downloads: (external link)
http://www.usc.es/economet/reviews/aeid14212.pdf
No.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eaa:aeinde:v:14:y:2014:i:2_12

Ordering information: This journal article can be ordered from
http://www.usc.es/economet/info.htm

Access Statistics for this article

More articles in Applied Econometrics and International Development from Euro-American Association of Economic Development
Bibliographic data for series maintained by M. Carmen Guisan ().

 
Page updated 2022-09-14
Handle: RePEc:eaa:aeinde:v:14:y:2014:i:2_12