Does Foreign Direct Investment Promote Exports? Evidence from African Countries

被引:13
|
作者
Mijiyawa, Abdoul G. [1 ]
机构
[1] World Bank, Conakry, Guinea
来源
WORLD ECONOMY | 2017年 / 40卷 / 09期
关键词
INTERNATIONAL-TRADE; FIRMS; PERFORMANCE; SPILLOVERS; TECHNOLOGY; COLOMBIA; FDI;
D O I
10.1111/twec.12465
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This paper empirically examines the effect of foreign direct investment (FDI) inflows on exports in Africa. Using the system-generalised method of moments estimator for linear dynamic panel data on a sample of 53 African countries and five-year periods from 1970 to 2009, the paper finds that higher FDI inflows are positively and significantly linked with higher exports of goods and services. A large part of the FDI effect is driven by its spillover effects on exports. The paper also finds the lagged value of exports, a competitive currency, as well as increases in domestic investment and physical infrastructure, to be factors stimulating African exports.
引用
收藏
页码:1934 / 1957
页数:24
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