Robust FDI Determinants in Sub-Saharan African Countries

Nvuh Njoya Youssouf

Applied Economics and Finance, 2017, vol. 4, issue 5, 21-30

Abstract: The aim of this paper is to identify the robustness of the determinants of FDI in sub-Saharan African countries over the period 1985 to 2012. This is done through the use of a linear dynamic panel model, estimated by the Bayesian Averaging of Maximum Likelihood Estimates (BAMLE) developed by Moral Benito (2012). The empirical analysis show the following key results: (i) natural resources and market size are the most robust determinants; (ii) inflation, infrastructure, human capital and trade openness are weak robust; (iii) corruption and political instability are very less robust determinants.

Keywords: robust FDI determinants; BAMLE; dynamic panel; sub-Saharan African countries (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:rfa:aefjnl:v:4:y:2017:i:5:p:21-30

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