FDI and economic activity in Africa: The role of local financial markets

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dc.contributor.authorAdjasi, Charles Komlaen_ZA
dc.contributor.authorAbor, J.
dc.contributor.authorOsei, K. A.
dc.contributor.authorNyavor-Foli, E. E.
dc.date.accessioned2012-07-05T08:01:49Z
dc.date.available2012-07-05T08:01:49Z
dc.date.issued2012
dc.description.abstractThis 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.
dc.identifier.citationThunderbird International Business Review
dc.identifier.citation54
dc.identifier.citation4
dc.identifier.citation429
dc.identifier.citation439
dc.identifier.issn10964762
dc.identifier.otherdoi:10.1002/tie.21474
dc.identifier.urihttp://hdl.handle.net/10019.1/21584
dc.titleFDI and economic activity in Africa: The role of local financial markets
dc.typeArticle
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