Les determinants de lattractivite des pays de la Communaute Economique et Monetaire de lAfrique Centrale (CEMAC) a legard des IDE

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Guiswe Badoma
Guiswe Badoma
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Abessolo Yves Andre
Abessolo Yves Andre

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Les determinants de lattractivite des pays de la Communaute Economique et Monetaire de lAfrique Centrale (CEMAC) a  legard des IDE

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Abstract

In the light of recent theoretical and empirical work, this article analyzes the role of institutional adaptation on the attractiveness of CEMAC countries for FDI. The aim is to ascertain whether the most commonly tested institutional determinants play an attractive role in the CEMAC zone. More specifically, we try to evaluate first the importance of the role played by capital market on the attraction of FDI and, secondly, measure the relative importance of the role played by politico-sociocultural capital in Countries of the CEMAC. The institutional approach is then the theoretical foundation of our analysis. In order to account for the performance of the theory of institutional adaptation, we examine it in an econometric regression analysis of panel data. An equation of the determinants of the attractiveness of the CEMAC countries with regard to FDI is estimated by the generalized method of moments (GMM) in dynamic panel for the period from 1985 to 2015. At the end of this analysis, we obtained the results which confirm our initial hypothesis that the attractiveness of the CEMAC countries is explained more by market capital than by political-sociocultural capital.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Guiswe Badoma. 2017. \u201cLes determinants de lattractivite des pays de la Communaute Economique et Monetaire de lAfrique Centrale (CEMAC) a legard des IDE\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 17 (GJMBR Volume 17 Issue C6): .

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GJMBR Volume 17 Issue C6
Pg. 31- 40
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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-C Classification: F65
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Issue date

December 7, 2017

Language
fr
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In the light of recent theoretical and empirical work, this article analyzes the role of institutional adaptation on the attractiveness of CEMAC countries for FDI. The aim is to ascertain whether the most commonly tested institutional determinants play an attractive role in the CEMAC zone. More specifically, we try to evaluate first the importance of the role played by capital market on the attraction of FDI and, secondly, measure the relative importance of the role played by politico-sociocultural capital in Countries of the CEMAC. The institutional approach is then the theoretical foundation of our analysis. In order to account for the performance of the theory of institutional adaptation, we examine it in an econometric regression analysis of panel data. An equation of the determinants of the attractiveness of the CEMAC countries with regard to FDI is estimated by the generalized method of moments (GMM) in dynamic panel for the period from 1985 to 2015. At the end of this analysis, we obtained the results which confirm our initial hypothesis that the attractiveness of the CEMAC countries is explained more by market capital than by political-sociocultural capital.

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Les determinants de lattractivite des pays de la Communaute Economique et Monetaire de lAfrique Centrale (CEMAC) a legard des IDE

Guiswe Badoma
Guiswe Badoma
Abessolo Yves Andre
Abessolo Yves Andre

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