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Title
FDI and Economic Activity in Africa: The Role of Local Financial Markets |
Full text
http://ugspace.ug.edu.gh/handle/123456789/4327 |
Date
2012 |
Author(s)
Adjasi, C.; Abor, J.; Osei, K.; Nyavor-Foli, E. |
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. |
Language
en |
Type of publication
Article |
Identifier
FDI and Economic Activity in Africa: The Role of Local Financial Markets, Thunderbird International Business Review, Vol, 54(4), 429-439. |
Repository
Accra - University of Ghana
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Added to C-A: 2021-03-03;09:31:16 |
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