Robust FDI Determinants in Sub-saharan African Countries | Zendy

Nvuh Njoya Youssouf | Zendy

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Robust FDI Determinants in Sub-saharan African Countries

Author(s) -

Nvuh Njoya Youssouf

Publication year - 2017

Publication title -

applied economics and finance

Language(s) - English

Resource type - Journals

eISSN - 2332-7308

pISSN - 2332-7294

DOI - 10.11114/aef.v4i5.2540

Subject(s) - openness to experience , economics , political instability , robustness (evolution) , foreign direct investment , econometrics , language change , human capital , inflation (cosmology) , emerging markets , panel data , bayesian probability , politics , macroeconomics , statistics , mathematics , economic growth , psychology , social psychology , art , biochemistry , chemistry , physics , literature , theoretical physics , political science , law , gene

The aim of this paper is to identify the robustness of the determinants of FDI in sub-Saharan African countries over the period 1985 to 2012. This is done through the use of a linear dynamic panel model, estimated by the Bayesian Averaging of Maximum Likelihood Estimates (BAMLE) developed by Moral Benito (2012). The empirical analysis show the following key results: (i) natural resources and market size are the most robust determinants; (ii) inflation, infrastructure, human capital and trade openness are weak robust; (iii) corruption and political instability are very less robust determinants.

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