Governance and portfolio flows in Sub-Saharan Africa

被引:5
|
作者
Gossel, Sean Joss [1 ]
Beard, Andrew [1 ]
机构
[1] Univ Cape Town, Grad Sch Business, Breakwater Campus,Portswood Rd, ZA-8005 Cape Town, South Africa
关键词
Governance; GMM; Portfolio flows; Sub-Saharan Africa; PRIVATE CAPITAL INFLOWS; DIRECT-INVESTMENT; DETERMINANTS; MARKETS; INSTITUTIONS; EMPLOYMENT; COUNTRIES; FLIGHT;
D O I
10.1080/13504851.2018.1510467
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study investigates the relationship between the six World Governance Indicators and foreign portfolio investment in 33 Sub-Saharan African (SSA) countries over the years of 1998-2015. GMM analysis finds that portfolio inflows are most significantly attracted by the ability of SSA governments to implement policies effectively, strengthening the quality of institutions, and controlling corruption; but are deterred by the regions poor record of the rule of law and political stability.
引用
收藏
页码:883 / 887
页数:5
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