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Determinants of Foreign Direct Investment in Africa:A Panel Data Analysis
Dr. Moses Muse Sichei, Godbertha Kinyondo
Volume 12 Issue 18
Global Journal of Management and Business
Volume 12 Issue 18
Global Journal of Management and Business
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 investmentgreements. The study also shows that the Africa-wide environment has become more conducive to FDI since the year 2000.
