Diversification des exportations, investissements directs étrangers et croissance économique en Afrique Subsaharienne

Export diversification, foreign direct investment and economic growth in Sub-Saharan Africa

Fousséni Napo and Ali Awountchou Adjande

MPRA Paper from University Library of Munich, Germany

Abstract: Abstract The objective of this article is to analyse the effects of export diversification and foreign direct investment (FDI) on economic growth. Second, to examine whether foreign direct investment (FDI) can contribute to export diversification. We have adopted a methodology based on the generalized moments method in dynamic panel system over the period 1990-2014 for forty-seven (47) sub-Saharan African countries. The results of our estimates show a positive impact of export diversification on economic growth. This positive impact would be greater through the number of export lines that sub-Saharan African countries will create. On the other hand, the concentration of exports based on raw materials and manufactured value added have a negative impact on GDP per capita growth. This negative effect is due to the concentration of FDI in the raw materials sector. It would therefore make sense for sub-Saharan African countries to diversify FDI in several sectors, which will allow them to create a larger number of potential export lines for growth.

Keywords: Africa; exports; diversification and natural resources. (search for similar items in EconPapers)
JEL-codes: L25 O13 O55 P33 (search for similar items in EconPapers)
Date: 2019-06-08, Revised 2019-06-08
New Economics Papers: this item is included in nep-fdg
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