Determinants of Foreign Direct Investment in Africa: A Panel Data Analysis

Sichei, Moses Muse; Kinyondo, Godbertha
September 2012
Global Journal of Management & Business Research;2012, Vol. 12 Issue 18, p85
Academic Journal
This study provides panel data evidence on the determinants of foreign direct investment (FDI) for a sample of 45 African countries over the period 1980 to 2009. Using dynamic panel data estimation techniques, the study identifies a number of factors that affect FDI flows in Africa, including, agglomeration economies, natural resources, real GDP growth, and international investment agreements. The study also shows that the Africa-wide environment has become more conducive to FDI since the year 2000.


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