Foreign Direct Investment in Africa: The Role of Natural Resources, Market Size, Government Policy, Institutions and Political Instability

Elizabeth Asiedu

No RP2005-24, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Data from several investor surveys suggest that macroeconomic instability, investment restrictions, corruption and political instability have a negative impact on foreign direct investment (FDI) to Africa. However, the relationship between FDI and these country characteristics has not been studied. This paper uses panel data for 22 countries over the period 1984-2000 to examine the impact of natural resources, market size, government policies, political instability and the quality of the host country's institutions on FDI.

Keywords: Econometric models (Economic development); Foreign investments; Corruption; Natural resources; Social conflict (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (38)

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Journal Article: Foreign Direct Investment in Africa: The Role of Natural Resources, Market Size, Government Policy, Institutions and Political Instability (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:rp2005-24

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