A two-part econometric analysis of foreign direct investment flows to Africa

Journal of World Trade

Volumn 39, Issue 5, 2005, Pages 907-923

  Akinkugbe, Oluyele ^a  

^a UNIVERSITY OF BOTSWANA   (Botswana)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMETRICS; FOREIGN DIRECT INVESTMENT; INVESTMENT;

AFRICA;

EID: 33644679098     PISSN: 10116702     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Review

References (61)

1. Addison, T. and A. Heshmati (2002), Democratization and New Communication Technologies as Determinants of Foreign Direct Investment in Developing Contries, paper presented at the WIDER Conference on "The New Economy and Development", Helsinki, 10-11 May.
2. Agarwal, J.P. (1980), Determinants of Foreign Direct Investment: A Survey, 116 Weltwirtschaftliches Archiv, pp. 739-773.
3. Alibert, R.Z. (1970), "A Theory of Direct Foreign Investment", in C. Kindleberger (ed.), The International Corporation: A Symposium (Cambridge, MA: MIT Press), pp. 17-34.
4. Altshuler, R and H. Grubert (2001), Where Will They Go if we Go Territorial? Dividend Exemption and the Location Decisions of US Multinational Corporations, 54 National Tax Journal 4, pp. 787-809.
5. Anupam, B. and K. Srinivasan (2002), Foreign Direct Investment in Africa: Some Case Studies, Working Paper WP/02/61 (Washington, D.C: IMF).
6. Asiedu, E. (2002), On the Determinants of Foreign Direct Investment to Developing Countries. Is Africa Different?, 30 World Development, pp. 107-119.
7. Baltagi, Badi H. (1995), Econometric Analysis of Panel Data (Chichester: Wiley).
8. Bandera, V.N. and J.T. White (1968), US Direct Investments and Domestic Markets in Europe, 21 Economia Internazionale, pp. 117-133.
9. Billington, N. (1999), The Location of Foreign Direct Investment: An Empirical Analysis, 31 Applied Economics, pp. 65-76.
10. Chakrabarti, A. (2001), The determinants of foreign direct investment: Sensitivity analyses of cross-country regressions, 54 Kyklos, pp. 89-114.
11. Chemingui, M.A. (2000), Foreign Direct Investment in Tunisia in the Context of the Free Trade Agreement with the European Union, 3 Journal of Development and Economic Policies 1, December, pp. 7-41.
12. Cheng, K.L. and K.Y. Kwan (2000), What are the Determinants of the Location of Foreign Direct Investment? The Chinese Experience, 51 Journal of International Economics, pp. 379-400.
13. Cleeve, E. (2000), Why Do Japanese Firms locate in Particular British Regions?, 4 Asia Pacific Journal of Economics and Business, pp. 112-124.
14. Collier, P. and C. Pattillo (2000), Investment and Risk in Africa (New York: St Martin's Press).
15. De Mello, L.R. (1997), Foreign Direct Investment in Developing Countries and Growth: A selective survey, 34 Journal of Development Studies 1, pp. 1-34.
16. Donnenfeld, S. and S. Weber (2000), Exporting versus Foreign Direct Investment, 15 Journal of Economic Integration, pp. 100-126.
17. Dudley, L. and Claude Montmarquette (1976), A Model of the Supply of Bilateral Foreign Aid, 66 American Economic Review, pp. 132-142.
18. Dunning, J.H. (1977), "Trade, Location of Economic Activity and the MNE: A search for an Eclectic Approach", in B. Ohlin, P.O. Hesselborn and P.M. Wijkman (eds), The International Allocation of economic Activity (London, Macmillan).
19. Dunning, J.H. (1979), Explaining Changing patterns of International Production: In Defence of the Eclectic Theory, 41 Oxford Bulletin of Economics and Statistics, pp. 269-295.
20. Dunning, J.H. (1980), Toward an Eclectic Theory of International Production: Some Empirical Tests, 11 Journal of International Business Studies 1, pp. 9-31.
21. Elbadawi, I.A. and F.M. Mwenga (1997), Regional Integration and Foreign Direct Investment in Sub-Saharan Africa, working paper (Nairobi: African Economic Research Consortium).
22. Globerman, S. and D.M. Shapiro (1999), The impact of Government Policies on Foreign Direct Investment: The Canadian Experience, 30 Journal of International Business Studies, pp. 513-532.
23. Heckman, J.A. (1979), Sample Bias as a Specification Error, 17 Econometrica, pp. 153-161.
24. Hsiao, Cheng (1986), Analysis of Panel Data (Cambridge and New York: Cambridge University Press).
25. IMF, International Financial Statistics (IMF, online).
26. Kreinin, M.E., S. Abe and M.G. Plummer (1999), Motives for Japanese FDI: Survey, Analysis and Implications in light of the Asian Crisis, 10 Journal of Asian Economics, pp. 385-394.
27. McFadden, D. (1974), "Conditional Logit Analysis of Qualative Cboice Behaviour", in P. Zarembka (ed.), Frontiers in Econometrics (New York: Academic Press).
28. McGillivray, M. and E. Oczkowski (1991), Modelling the Allocation of Australian Bilaterial Aid: A Two-Part Sample Selection Approach, 67 Economic Record 197, pp. 147-152.
29. McGillivray, M. and E. Oczkowski (1992), A Two Part Sample Selection Model of British Bilateral Foreign Aid Allocation, 24 Applied Economics, pp. 1311-1319.
30. Moosa, Imad A. (2002), Foreign Direct Investment: Theory, Evidence and Practice (New York: Palgrave).
31. Noorbakhsh, F. and A. Palani (2001), Human Capital and FDI Inflows to Developing Countries. New Empirical Evidence, 29 World Development, pp. 1593-1610.
32. Obwona, M.B. (2001), Determinants of FDI and their Impact on Economic Growth in Uganda, 13 African Development Review 1, June, pp. 46-81.
33. Okposin, S.B. (1999), The Extent of Singapore's Investments Abroad (Sydney: Ashgate).
34. Pigato, A. Maria (2000), Foreign Direct Investment in Africa: Old Tales and New Evidence, African Region Working Paper 22698.
35. Ragazzi, G. (1973), Theories of the Determinants of Foreign Direct Investment, 20 IMF Staff Papers, pp. 471-498.
36. Sadik, Ali T. and Ali A. Bolbol (2001), Capital Flows, FDI, and Technology Spillovers: Evidence from Arab Countries, 29 World Development, pp. 2111-2125.
37. Shi, Y. (2001), Foreign Direct Investment in China, 36 Journal of World Business 2, Summer, pp. 184-204.
38. Sin, C.Y. and W.F. Leung (2001), Impacts of FDI liberalization on Investment Flows, 8 Applied Economic Letters 4, April, pp. 253-256.
39. Singh, H., and K. Jun (1995), Some New Evidence on Determinants of Foreign Direct Investment in Developing Countries. Policy Research Working Paper No. 1531 (Washington D.C.: World Bank).
40. Tarp, F., F.C. Bach, H. Hansen and S. Baunsgaard (1998), Danish Aid Policy: Theory and Empirical Evidence (Copenhagen: Institute of Economics, University of Copenhagen).
41. Tuman, J.P. and F.C. Emmert (1999), Explaining Japanesse Foreign Direct Investment in Latin America, 1979-1992, 80 Social Science Quarterly, pp. 539-555.
42. UNCTAD (1992), World Investment Report (Geneva: UNCTAD).
43. UNCTAD (1998), World Investment Report (Geneva: UNCTAD).
44. UNCTAD (1999), World Investment Report (Geneva: UNCTAD).
45. UNCTAD (2001a), FDI in Least Developed Countries at a Glance (New York and Geneva: United Nations).
46. UNCTAD (2001b), World Investment Report 2001, Promoting Linkages (Internet edn, Geneva: UNCTAD).
47. UNCTAD (2001c), Handbook of Statistics (Geneva: UNCTAD).
48. UNCTAD (2002), The Least Developed Countries Report 2002 (Geneva: UNCTAD), online.
49. UNCTAD (2003), World Investment Report (Geneva and New York: UNCTAD).
50. United Nations Centre for Trade and Development. (1995): Foreign Direct Investment in Africa. New York: United Nations Publication.
51. United Nations Centre for Trade and Development. (1999): Foreign Direct Investment in Africa: Performance and Potential. New York: United Nations Publication.
52. United Nations Centre for Trade and Development. (2001): UNCTAD press release, available at 〈www.unctad.org/en/press/pr21/Rev.1.htm〉.
53. Urata, S. and H. Kawai (2000), The Determinants of the Location of Foreign Direct Investment by Japanese Small and Medium-Sized Enterprises, 15 Small Business Economics, pp. 79-103.
54. Vanhanen, T. (2001), Measures of Democratization, Introduction (online).
55. White, H. and M. McGillivray (1995), How Well is Aid Allocated? Descriptive Measures of Aid Allocation: A Survey of Methodology and Results, 26 Development and Change, pp. 163-183.
56. Woodward, D.P. and R. Rolfe (1993), The location of Export-oriented Foreign Direct Investment in the Caribbean Basin, Journal of International Business Studies, first quarter, pp. 121-144.
57. World Bank (1994), Adjustment in Africa: Reforms, results and road ahead (New York: Oxford University Press).
58. World Bank (1999), Global Development Finance: Analysis and Summary Tables (Washington, D.C.: World Bank).
59. World Bank (2001), Global Development Finance: Summary Tables (Internet edn, Washington, D.C.: World Bank).
60. World Bank (2002a), World Development Indicators (online edn, Washington, D.C.: World Bank).
61. World Bank (2002b), Global Development Network Growth Database (online edn, Washington, D.C.: World Bank).