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Effets différenciés des IDE sur la croissance économique africaine : le rôle de la finance

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  • Bruno Emmanuel Ongo Nkoa

Abstract

In this article, we appreciate the role of finance as a necessary condition for a better contribution of FDI to economic growth from a sample of 50 African countries over the period 1980-2016. To achieve this, we estimate a model using the Generalized Method of Moment (GMM) System. Our estimates lead to two main results. First, finance improves positively and significantly the impact of FDI on economic growth. Second, this improvement is driven more by financial markets development. We suggest to optimize the absorption capacities of FDI, a financial deepening and a strengthening of financial markets by a strong integration. Codes JEL : E23, F21, F41.

Suggested Citation

  • Bruno Emmanuel Ongo Nkoa, 2018. "Effets différenciés des IDE sur la croissance économique africaine : le rôle de la finance," Revue d’économie du développement, De Boeck Université, vol. 26(3), pages 33-63.
    • Handle: RePEc:cai:edddbu:edd_323_0033
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    More about this item

    Keywords

    Africa; economic growth; FDI; financial development; capital market; GMM;
    All these keywords.

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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