Nigerian Economic Society
 
Need Help? Call +234 8131213195        Watch Us Live online
Hi Guest,
Home | About Us » | Paper Submission | Signup | Contact Us
       Sunday, February 25, 2018       
RISK, UNCERTAINTY AND FOREIGN DIRECT INVESTMENT IN AFRICA: What Do We Know and Any Policy Lessons?

RISK, UNCERTAINTY AND FOREIGN DIRECT INVESTMENT IN AFRICA: What Do We Know and Any Policy Lessons?

 

Abstract: This paper revisits the relationship between risks, uncertainties and FDI inflows in Africa, using recent data and twelve different measures of risk and uncertainty. Empirical estimation involves the use of panel fixed and random effects estimation techniques, with annual data covering 2000 – 2012. The results show that economic openness and level of external reserves are important macroeconomic variables that attract FDI inflows on the continent. As regards the significance of some of the measures of risk and uncertainty, it was found that while sound public administration, good competitive environment and investment climate have a positive impact on FDI inflows, sound fiscal policy, improved infrastructure and better environmental policy discourage FDI net inflows. An important implication of the results is that African countries need to balance their policy objectives and make a choice between better welfare for their citizens through the provision of better infrastructure and environmental policies, and that of attracting more FDI inflows.

 

 

 

Login

Email:
Password:
 
Lost password ?
New user? Signup free !
Note: You must signup your email and create a password before you can register as an NES member
 

Latest News

58th Annual Conference of the Nigerian Economic Society

The Executive Council of NES has the pleasure to announce 58th Annual Conference with the theme "Imp...read more


PEP Call for Proposals

The Partnership for Economic Policy (PEP) has launched a new call for project proposals on the theme...read more


2017 Nigerian Economic Society Annual Public Lecture Announcement

The Executive Council of NES has the pleasure to announce it's 2017 Annual Public Lecture with the t...read more


NES OBSERVATIONS ON THE NEW CBN SINGLE FOREIGN EXCHANGE MARKET

The President of the Nigerian Economic Society (NES), Professor Ben Aigbokhan at a symposium on the ...read more


  Email Subscription