Publication:
Microeconomic Consequences and Macroeconomic Causes of Foreign Direct Investment in Southern African Economies

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dc.contributor.authorXu, Lixin Colin
dc.contributor.authorLederman, Daniel
dc.contributor.authorMengistae, Taye
dc.date.accessioned2013-05-13T13:52:54Z
dc.date.available2013-05-13T13:52:54Z
dc.date.issued2012-10-26
dc.description.abstractThe authors use a new data set on firms in 13 countries of the Southern African Development Community (SADC) and comparators from other regions to identify the benefits and determinants of FDI in this region. Foreign Direct Investment (FDI) has facilitated local development in the SADC. Foreign-owned firms perform better than domestic firms, are larger, and locate in richer and better-governed countries and in countries with more competitive financial intermediaries. They are also more likely to export than domestic firms and evidence suggests that they might have positive spillover effects on domestic firms. Based on a standard empirical model, the SADC is attracting the inward FDI per capita that the region's level of income would predict. But this means that there are less capital inflows per capita to the region than there are to wealthier parts of the developing world. Moreover, the SADC is attracting less FDI than comparators for reasons that are possibly more fundamental than current income, namely, countries’ past growth record, demographic structure and the quality of physical infrastructure. Interestingly, inward FDI is less sensitive to variation in income within the SADC than in other parts of the world, but is more responsive to changes in country's openness to trade.en
dc.identifier.citationApplied Economics
dc.identifier.doi10.1596/13379
dc.identifier.issn0003-6846
dc.identifier.urihttps://hdl.handle.net/10986/13379
dc.language.isoen_US
dc.publisherTaylor and Francis
dc.relation.ispartofseriesApplied Economics;45(25)
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subjectFDI
dc.subjectforeign direct investment
dc.subjectspillovers
dc.subjectfirm performance
dc.subjectexports
dc.subjectSADC
dc.titleMicroeconomic Consequences and Macroeconomic Causes of Foreign Direct Investment in Southern African Economiesen
dc.typeJournal Articleen
dc.typeArticle de journalfr
dc.typeArtículo de revistaes
dspace.entity.typePublication
okr.date.disclosure2012-12-03
okr.date.doiregistration2025-05-06T11:09:08.974516Z
okr.doctypePublications & Research::Journal Article
okr.doctypePublications & Research
okr.externalcontentExternal Content
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTrade and Competitiveness
okr.journal.nbpages3637-3649
okr.language.supporteden
okr.peerreviewAcademic Peer Review
okr.region.geographicalSouthern Africa
okr.relation.associatedurlhttp://www.tandfonline.com/doi/abs/10.1080/00036846.2012.727978
okr.relation.associatedurlhttps://openknowledge.worldbank.org/handle/10986/3915
okr.topicInternational Economics and Trade::Export Competitiveness
okr.topicInternational Economics and Trade::Foreign Direct Investment
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.volume45(25)
relation.isAuthorOfPublication2c812f70-403a-5905-88e4-bd90a5f31e96
relation.isAuthorOfPublication579e88a3-4453-57ed-a1e9-6e953277ae0f
relation.isAuthorOfPublication.latestForDiscovery579e88a3-4453-57ed-a1e9-6e953277ae0f
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