Foreign Direct Investment and Macro Economic Performances in the Central African Economic and Monetary Community (CEMAC)

Constant Fouopi Djiogap ()

Economics Bulletin, 2013, vol. 33, issue 4, 2563-2574

Abstract: This article analyzes the impact of macroeconomic performances on the inflow of Foreign Direct Investment (FDI) in the Central African Economic and Monetary Community (CEMAC)'s Countries over the period 1995 – 2010, Using a dataset which breaks down FDI flows into primary, secondary and tertiary sector investments and a GMM dynamic approach to address concerns about endogeneity. We find that, Our result suggests that all sectors FDI have no strong linkages to either macroeconomic conditions, or institutional quality, though like other forms of FDI, clustering effects appear important, with larger stocks attracting greater additional inflows. The main recommendation are (i) CEMAC Countries must diversify their economies in other to increase their market size and non natural resources growth potential (i) institutional quality should be improved.

Keywords: Foreign Direct Investment; macroeconomic performances; natural resources; market size; economic diversification (search for similar items in EconPapers)
JEL-codes: F0 F2 (search for similar items in EconPapers)
Date: 2013-10-08
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2013/Volume33/EB-13-V33-I4-P241.pdf (application/pdf)

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:ebl:ecbull:eb-13-00330

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().