FDI and Economic Activity in Africa: The Role of Local Financial Markets

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dc.contributor.author Adjasi, C.
dc.contributor.author Abor, J.
dc.contributor.author Osei, K.
dc.contributor.author Nyavor-Foli, E.
dc.date.accessioned 2013-09-17T15:07:13Z
dc.date.accessioned 2017-10-16T10:46:51Z
dc.date.available 2013-09-17T15:07:13Z
dc.date.available 2017-10-16T10:46:51Z
dc.date.issued 2012
dc.identifier.citation FDI and Economic Activity in Africa: The Role of Local Financial Markets, Thunderbird International Business Review, Vol, 54(4), 429-439. en_US
dc.identifier.uri http://197.255.68.203/handle/123456789/4327
dc.description.abstract This article examines the role local financial markets play in the link between foreign direct investment (FDI) and economic activity. The article uses panel data methods on 32 African countries over the period 1997 to 2008. Our results show that FDI only has a significant effect on economic activity when interacted with financial market variables, namely, private-sector credit and savings. The results of this study imply that FDI is more productive in the presence of well-functioning local financial markets. African governments must therefore pay particular attention to developing further local financial markets to ensure full economic benefits of FDI inflows. © 2012 Wiley Periodicals, Inc. en_US
dc.language.iso en en_US
dc.title FDI and Economic Activity in Africa: The Role of Local Financial Markets en_US
dc.type Article en_US


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