Nigerian Economic Society
Hi Guest,
Home | Paper Submission | Signup |
      
Providing intellectual leadership in economic management in Nigeria
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

Forget password? | Signup for Free!
Note: You must signup your email and create a password before you can register as an NES member
 

Latest News

NES-63RD-ANNUAL-CONFERENCE-2022

Conference virtual link: https://us02web.zoom.us/j/83983249180?pwd=aXFkRGpoMFFoN1lpcGlqTUFGdUFsUT0...read more


2022 ANNUAL CONFERENCE POSTER

Kano State, the commercial city of Northern Nigeria will host NES 63rd Annual Conference 2022. The c...read more


Nigerian Economic Society 63RD ANNUAL CONFERENCE 2022

The Nigerian Economic Society wishes to inform the general public on her forthcoming Annual Conferen...read more


63rd ANNUAL CONFERENCE ANNOUNCEMENT: CALL FOR ABSTRACTS

63rd ANNUAL CONFERENCE ANNOUNCEMENT 26 - 30 September 2022 Venue: Kano, Kano State, Nigeria ...read more


NEW EXECUTIVE COUNCIL OF THE NIGERIAN ECONOMIC SOCIETY

At the end of the Annual General Meeting (AGM) during the 62nd Annual Conference of the Society held...read more


E-Mail Subscription

VoguePayVisaMasterCard