Political and institutional impediments to foreign direct investment inflows to sub-Saharan Africa

Thunderbird International Business Review

Volumn 54, Issue 4, 2012, Pages 469-477

  Cleeve, Emmanuel ^a  

^a MANCHESTER METROPOLITAN UNIVERSITY   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84862748795     PISSN: 10964762     EISSN: 15206874     Source Type: Journal    
DOI: 10.1002/tie.21477     Document Type: Article

References (46)

1. Ancharaz, V. D. (2003). Determinants of trade policy reform in sub-Saharan Africa. Journal of African Economies, 12, 417-443.
2. Asiedu, E. (2002). On the determinants of foreign direct investment to developing countries: Is Africa different? World Development, 30, 107-119.
3. Asiedu, E. (2004). The determinants of employment of affiliates of US multinational enterprises in Africa. Development Policy Review, 22, 371-379.
4. Asiedu, E. (2006). Foreign direct investment in Africa: The role of natural resources, market size, government policy, institutions and political stability. World Economy, 29(1), 63-77.
5. Ayadi, F. S. (2009). Foreign direct investment and economic growth in Nigeria. In Repositioning African Business and Development for the 21st Century by S. Sigué (Ed.). Proceedings of the International Academy of African Business and Development (IAABD), 259-266.
6. Ayadi, O. F., Ajibolade, S., Williams, J. & Hyman, L. (2010). Transparency and foreign direct investment into sub-Saharan Africa: An econometric investigation. Proceedings of the International Academy of African Business and Development (IAABD).
7. Barta, G., Kaufmann, D., & Stone, A. (2003). Investment climate around the world: Voices of the firms from the World Business Environment Survey. Washington, DC: World Bank.
8. Bende-Nabende, N. (2002), Foreign direct investment determinants in sub-Saharan Africa: A cointegration analysis. Economics Bulletin, 6(4), 1-19.
9. Bolaky, B., & Freund, C. (2004). Trade, regulations, and growth. World Bank Policy Research Paper No. 3255.
10. Chakrabarti, A. (2003). A theory of the spatial distribution of foreign direct investment. International Review of Economics and Finance, 12, 149-169.
11. Cleeve, E. (2008). How effective are fiscal incentives to attract FDI to Sub-Saharan Africa? Journal of Developing Areas, 42, 135-153.
12. Cleeve, E. (2009). The eclectic paradigm and foreign direct investment in sub-Saharan Africa. In S. Sigué (Ed.), Repositioning African business and development for the 21st century. Proceedings of the International Academy of African Business and Development (IAABD), 235-245.
13. Cleeve, E. (2011), The changing requirements of FDI in sub-Saharan Africa. In E. Obuah (Ed.), Challenges in the era of globalization. Proceedings of the International Academy of African Business and Development (IAABD), 275-283.
14. Dunning J. H. (2009). Location and the multinational enterprise: John Dunning's thoughts on receiving the Journal of International Business Studies 2008 Decade Award. Journal of International Business Studies, 40, 20-34.
15. Easterly, W. (2001). The lost decades: Explaining developing countries' stagnation in spite of reform 1980-1998. Journal of Economic Growth, 6(2), 135-157.
16. Egger, P., & Winner, H. (2005), Evidence on Corruption as an incentive for foreign direct investment. European Journal of Political Economy, 21, 932-952.
17. Elbadawi, I., & Makdisi, I. (Eds.). (2011). Democracy in the Arab world: Explaining the deficit. London, England: Routledge.
18. Ezeoha, A. E., & Ogamba, E. (2010). Corporate tax shield or fraud? An insight from Nigeria. International Journal of Law and Management, 52, 5-20.
19. Fatehi-Sedeh, K. F., & Safizadeh, M. H. (1989). The association between political instability and flow of foreign direct investment. Management International Review, 29(4), 4-13.
20. Fischer, S., & Modigliani, F. (1978). Towards an understanding of the real effects and costs of inflation. Review of World Economics (Weltwirtschaftliches Archiv), 114, 810-833.
21. Flores, R. G., & Aguilera, R. V. (2007). Globalisation and location choice: An analysis of US multinational firms in 1980 and 2000. Journal of International Business Studies, 38, 1187-1210.
22. Globerman, S., & Shapiro. D. (2003). Governance, infrastructure and US foreign direct investment. Journal of International Business Studies, 34, 19-39.
23. Greenaway, D., Sapsford D., & Pfaffenzeller, S. (2007). Foreign direct investment, economic performance and trade liberalization. World Economy, 30(2), 197-210.
24. Greene, W. (1991). Econometric analysis. London, England: Macmillan.
25. Harms, P., & Ursprung, H. (2002). Do civil and political repression really boost foreign direct investment? Economic Inquiry, 40, 651-663.
26. Houston, D. (2007). Can corruption ever improve an economy? Cato Journal, 27: 325-342.
27. Kiran B. (2011). Causal links between foreign direct investment and trade in Turkey. International Journal of Economics and Finance, 3(2), 150-158.
28. Loayza, N., Fajnzylber, P., Calderón, C. (2005). Economic growth in Latin America and the Caribbean: Stylized facts, explanations and forecasts. World Bank Latin American and Caribbean Studies. Washington, DC: World Bank.
29. Mekki, R. (2005). The impact of foreign direct investment on trade: Evidence from Tunisia. Paper presented at 4th Annual Conference of the European Economics and Finance Society on Economic and Financial Issues in an Enlarged Europe. Coimbra, Portugal, May 19.
30. Mhlanga, N. (2007). Understanding foreign direct investments to the Southern African Development Community (SADC): An analysis based on project-level data. Paper presented at the UNU-WIDER Conference on Southern Engines of Global Growth: China, India, Brazil and South Africa. Helsinki, Finland, September 8.
31. Morisset, J. (2001). Foreign direct investment in Africa: Policies also matter. UNCTAD: Transnational Corporations, 9(2): 107-125.
32. Naudé, W. A., & W. F. Krugell (2007). Investigating geography and institutions as Determinants of Foreign Direct Investment in Africa using Panel Data. Applied Economics, 39, 1223-1234.
33. Noguer, M., & Siscart, M. (2005). Trade raises income: A precise and robust result. Journal of International Economics, 65, 447-460.
34. Overseas Development Institute. (1997, September). Foreign direct investment flows to low-income countries: A review of the evidence. Briefing Paper No. 3.
35. Political Risk Services Group (2010). International Country Risk Guide Annual; (accessed on or before 27.01.10).
36. Rodrik, D., Subramanian, A., & Trebbi, F. (2004). Institutions rule: The primacy of institutions over geography and integration in economic development. Journal of Economic Growth, 9(2), 131-165.
37. Rogoff, K., Reinhart, C. (2002, March). FDI to Africa: The role of price stability and currency instability. International Monetary Fund Working Paper.
38. United Nations. (2005). Resource flows to Africa: An update to statistical trends. OSSA, UN.
39. United Nations Conference on Trade and Development. (2000). World investment report. Geneva, Switzerland: United Nations.
40. United Nations Conference on Trade and Development. (2002). World investment report 2002: Transnational corporation and export competitiveness. Geneva, Switzerland: United Nations.
41. United Nations Conference on Trade and Development. (2011). World investment report 2011: Non-equity modes of international production and development. Geneva, Switzerland: United Nations.
42. Van Vuuren, H. (2002). Corruption, perception and foreign direct investment: Counting the cost of graft. African Security Review, 11(3), 67-75.
43. Voors, M. J., Bulte, É. H., & Damania, R. (2011). Income shocks and corruption in Africa: Does a virtuous cycle exist? Journal of African Economies, 20, 395-418.
44. Wheeler, D., Mody, A. (1992). International investment location decisions: The case of U.S. firms. Journal of International Economics, 33, 57-76.
45. World Bank (1999). World development report. Washington, DC: Author.
46. World Bank, World Economic Forum, African Development Bank (2011). Africa Competitiveness Report 2010. Washington, DC: World Bank.