Working Paper 285 - Capital Inflows and Economic Growth in Sub-Saharan Africa
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Borensztein, E. & De Gregorio, J. & Lee, J-W., 1998.
"How does foreign direct investment affect economic growth?1,"
Journal of International Economics, Elsevier, vol. 45(1), pages 115-135, June.
- Jong-Wha Lee & Mr. Jose De Gregorio & Mr. Eduardo Borensztein, 1994. "How Does Foreign Direct Investment Affect Economic Growth," IMF Working Papers 1994/110, International Monetary Fund.
- Eduardo Borensztein & Jose De Gregorio & Jong-Wha Lee, 1995. "How Does Foreign Direct Investment Affect Economic Growth?," NBER Working Papers 5057, National Bureau of Economic Research, Inc.
- Joshua Aizenman & Yothin Jinjarak & Donghyun Park, 2013.
"Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990–2010,"
Open Economies Review, Springer, vol. 24(3), pages 371-396, July.
- Aizenman, Joshua & Jinjarak, Yothin & Park, Donghyun, 2011. "Capital flows and economic growth in the era of financial integration and crisis, 1990-2010," Santa Cruz Department of Economics, Working Paper Series qt3003w1qd, Department of Economics, UC Santa Cruz.
- Joshua Aizenman & Yothin Jinjarak & Donghyun Park, 2011. "Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990-2010," NBER Working Papers 17502, National Bureau of Economic Research, Inc.
- Sebastian Edwards, 2000. "Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies," NBER Books, National Bureau of Economic Research, Inc, number edwa00-1, March.
- Calderon,Cesar & Nguyen,Ha Minh, 2015. "Do capital inflows boost growth in developing countries ? evidence from Sub-Saharan Africa," Policy Research Working Paper Series 7298, The World Bank.
- Ravi Balakrishnan & Sylwia Nowak & Sanjaya Panth & Yiqun Wu, 2013.
"Surging Capital Flows To Emerging Asia: Facts, Impacts And Responses,"
Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 4(02), pages 1-24.
- Sylwia Nowak & Mr. Sanjaya P Panth & Mr. Ravi Balakrishnan & Mr. Yiqun Wu, 2012. "Surging Capital Flows to Emerging Asia: Facts, Impacts, and Responses," IMF Working Papers 2012/130, International Monetary Fund.
- Ahmed, Shaghil & Zlate, Andrei, 2014.
"Capital flows to emerging market economies: A brave new world?,"
Journal of International Money and Finance, Elsevier, vol. 48(PB), pages 221-248.
- Shaghil Ahmed & Andrei Zlate, 2013. "Capital flows to emerging market economies: a brave new world?," International Finance Discussion Papers 1081, Board of Governors of the Federal Reserve System (U.S.).
- Chee-Keong Choong & Zulkornain Yusop & Siong-Hook Law, 2010. "Private capital flows to developing countries: the role of the domestic financial sector," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 15(4), pages 509-529.
- Sebastian Edwards, 2001. "Capital Mobility and Economic Performance: Are Emerging Economies Different?," NBER Working Papers 8076, National Bureau of Economic Research, Inc.
- Manuel Arellano & Stephen Bond, 1991.
"Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
- Tom Doan, "undated". "RATS program to replicate Arellano-Bond 1991 dynamic panel," Statistical Software Components RTZ00169, Boston College Department of Economics.
- Tajudeen Egbetunde & Anthony Enisan Akinlo, 2015. "Financial Globalization and Economic Growth in Sub-Saharan Africa: Evidence from Panel Cointegration Tests," African Development Review, African Development Bank, vol. 27(3), pages 187-198, September.
- Robert C. Feenstra & Robert Inklaar & Marcel P. Timmer, 2015.
"The Next Generation of the Penn World Table,"
American Economic Review, American Economic Association, vol. 105(10), pages 3150-3182, October.
- Robert C. Feenstra & Robert Inklaar & Marcel Timmer, 2013. "The Next Generation of the Penn World Table," NBER Working Papers 19255, National Bureau of Economic Research, Inc.
- Durham, J.B.J. Benson, 2004. "Absorptive capacity and the effects of foreign direct investment and equity foreign portfolio investment on economic growth," European Economic Review, Elsevier, vol. 48(2), pages 285-306, April.
- Blundell, Richard & Bond, Stephen, 1998.
"Initial conditions and moment restrictions in dynamic panel data models,"
Journal of Econometrics, Elsevier, vol. 87(1), pages 115-143, August.
- R Blundell & Steven Bond, "undated". "Initial conditions and moment restrictions in dynamic panel data model," Economics Papers W14&104., Economics Group, Nuffield College, University of Oxford.
- Richard Blundell & Stephen Bond, 1995. "Initial conditions and moment restrictions in dynamic panel data models," IFS Working Papers W95/17, Institute for Fiscal Studies.
- Blundell, R. & Bond, S., 1995. "Initial Conditions and Moment Restrictions in Dynamic Panel Data Models," Economics Papers 104, Economics Group, Nuffield College, University of Oxford.
- Combes, Jean-Louis & Kinda, Tidiane & Plane, Patrick, 2012.
"Capital flows, exchange rate flexibility, and the real exchange rate,"
Journal of Macroeconomics, Elsevier, vol. 34(4), pages 1034-1043.
- Jean-Louis Combes & Patrick Plane & Mr. Tidiane Kinda, 2011. "Capital Flows, Exchange Rate Flexibility, and the Real Exchange Rate," IMF Working Papers 2011/009, International Monetary Fund.
- William Gabriel Brafu-Insaidoo & Nicholas Biekpe, 2014.
"Determinants of foreign capital flows: The experience of selected Sub-Saharan African countries,"
Journal of Applied Economics, Universidad del CEMA, vol. 17, pages 63-88, May.
- William Gabriel Brafu-Insaidoo & Nicholas Biekpe, 2014. "Determinants of Foreign Capital Flows: The Experience of Selected Sub-Saharan African Countries," Journal of Applied Economics, Taylor & Francis Journals, vol. 17(1), pages 63-88, May.
- Hakan Berument & N. Nergiz Dincer, 2004. "Do Capital Flows Improve Macroeconomic Performance in Emerging Markets? : The Turkish Experience," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 40(4), pages 20-32, July.
- Rudrani Bhattacharya & Ila Patnaik & Madhavi Pundit, 2013.
"Emerging Economy Business Cycles: Financial Integration and Terms of Trade Shocks,"
IMF Working Papers
2013/119, International Monetary Fund.
- Bhattacharya, Rudrani & Patnaik, Ila & Pundit, Madhavi, 2013. "Emerging economy business cycles: Financial integration and terms of trade shocks," Working Papers 13/120, National Institute of Public Finance and Policy.
- Nigel Driffield & Chris Jones, 2013. "Impact of FDI, ODA and Migrant Remittances on Economic Growth in Developing Countries: A Systems Approach," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 25(2), pages 173-196, April.
- Laura Alfaro & Sebnem Kalemli-Ozcan & Vadym Volosovych, 2007.
"Capital Flows in a Globalized World: The Role of Policies and Institutions,"
NBER Chapters, in: Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences, pages 19-72,
National Bureau of Economic Research, Inc.
- Laura Alfaro & Sebnem Kalemli-Ozcan & Vadym Volosovych, 2005. "Capital Flows in a Globalized World: The Role of Policies and Institutions," NBER Working Papers 11696, National Bureau of Economic Research, Inc.
- de Mello, Luiz R, Jr, 1999.
"Foreign Direct Investment-Led Growth: Evidence from Time Series and Panel Data,"
Oxford Economic Papers, Oxford University Press, vol. 51(1), pages 133-151, January.
- L.R. de Mello Jr., 1996. "Foreign Direct Investment-Led Growth: Evidence from Time Series and Panel Data," Studies in Economics 9615, School of Economics, University of Kent.
- César Calderón & Klaus Schmidt-Hebbel, 2008. "Openness and Growth Volatility," Working Papers Central Bank of Chile 483, Central Bank of Chile.
- Ibrahim Alley, 2015. "Private Capital Flows and Economic Growth of Sub-Saharan African Countries," African Development Review, African Development Bank, vol. 27(4), pages 469-483, December.
- Burger, Martijn J. & Ianchovichina, Elena I., 2014. "Surges and stops in FDI flows to developing countries : does the mode of entry make a difference ?," Policy Research Working Paper Series 6771, The World Bank.
- Glauco De Vita & Khine S. Kyaw, 2008. "Determinants of capital flows to developing countries: a structural VAR analysis," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 35(4), pages 304-322, September.
- Barry Eichengreen & David Leblang, 2003.
"Capital account liberalization and growth: was Mr. Mahathir right?,"
International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 8(3), pages 205-224.
- Barry Eichengreen & David Leblang, 2003. "Capital Account Liberalization and Growth: Was Mr. Mahathir Right?," NBER Working Papers 9427, National Bureau of Economic Research, Inc.
- Barry P. Bosworth & Susan M. Collins, 1999. "Capital Flows to Developing Economies: Implications for Saving and Investment," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 30(1), pages 143-180.
- Eberhardt, Markus & Presbitero, Andrea F., 2015. "Public debt and growth: Heterogeneity and non-linearity," Journal of International Economics, Elsevier, vol. 97(1), pages 45-58.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Asamoah, Michael Effah & Alagidede, Imhotep Paul, 2020. "Exploring the causal relationships and allocation puzzle between portfolio investments and real sector growth in Sub-Saharan Africa," Research in International Business and Finance, Elsevier, vol. 52(C).
- Zaiter Lahimer, Mahjouba, 2011. "L’impact des entrées de capitaux privés sur la croissance économique dans les pays en développement," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/7670 edited by Sterdyniak, Henri.
- Michael Effah Asamoah & Imhotep Paul Alagidede & Frank Adu, 2021. "Private Capital Flows, Real Sector Growth and Institutional Quality in Africa," Journal of International Development, John Wiley & Sons, Ltd., vol. 33(1), pages 171-207, January.
- Igan, Deniz & Kutan, Ali M. & Mirzaei, Ali, 2020.
"The real effects of capital inflows in emerging markets,"
Journal of Banking & Finance, Elsevier, vol. 119(C).
- Ms. Deniz O Igan & Ali M. Kutan & Ali Mirzaei, 2016. "Real Effects of Capital Inflows in Emerging Markets," IMF Working Papers 2016/235, International Monetary Fund.
- Garita, Gus, 2009. "How Does Financial Openness Affect Economic Growth and its Components?," MPRA Paper 20099, University Library of Munich, Germany.
- M Ayhan Kose & Eswar Prasad & Kenneth Rogoff & Shang-Jin Wei, 2009.
"Financial Globalization: A Reappraisal,"
IMF Staff Papers, Palgrave Macmillan, vol. 56(1), pages 8-62, April.
- M. Ayhan Kose & Eswar Prasad & Kenneth Rogoff & Shang-Jin Wei, 2009. "Financial Globalization: A Reappraisal," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 56(2), pages 143-197.
- Mr. Ayhan Kose & Mr. Eswar S Prasad & Mr. Kenneth Rogoff & Shang-Jin Wei, 2006. "Financial Globalization: A Reappraisal," IMF Working Papers 2006/189, International Monetary Fund.
- Rogoff, Kenneth & Wei, Shang-Jin & Prasad, Eswar & Kose, M. Ayhan, 2006. "Financial Globalization: A Reappraisal," CEPR Discussion Papers 5842, C.E.P.R. Discussion Papers.
- M. Ayhan Kose & Eswar Prasad & Kenneth S. Rogoff & Shang-Jin Wei, 2006. "Financial Globalization: A Reappraisal," NBER Working Papers 12484, National Bureau of Economic Research, Inc.
- B. Seetanah, 2009. "Is Foreign Direct Investment Growth Conducive? New Evidences From Sub-Saharan African Countries, 1980-2005," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(2).
- Omar G. Aziz, 2022. "FDI inflows and economic growth in Arab region: The institutional quality channel," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 1009-1024, January.
- Lucas Njoroge, 2021. "Capital Inflows and Economic Growth in Selected COMESA Member Countries," Journal of Finance and Investment Analysis, SCIENPRESS Ltd, vol. 10(4), pages 1-3.
- M Ayhan Kose & Eswar Prasad & Kenneth Rogoff & Shang-Jin Wei, 2009.
"Financial Globalization: A Reappraisal,"
IMF Staff Papers, Palgrave Macmillan, vol. 56(1), pages 8-62, April.
- M. Ayhan Kose & Eswar Prasad & Kenneth Rogoff & Shang-Jin Wei, 2009. "Financial Globalization: A Reappraisal," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 56(2), pages 143-197, June.
- Mr. Ayhan Kose & Mr. Eswar S Prasad & Mr. Kenneth Rogoff & Shang-Jin Wei, 2006. "Financial Globalization: A Reappraisal," IMF Working Papers 2006/189, International Monetary Fund.
- Rogoff, Kenneth & Wei, Shang-Jin & Prasad, Eswar & Kose, M. Ayhan, 2006. "Financial Globalization: A Reappraisal," CEPR Discussion Papers 5842, C.E.P.R. Discussion Papers.
- M. Ayhan Kose & Eswar Prasad & Kenneth S. Rogoff & Shang-Jin Wei, 2006. "Financial Globalization: A Reappraisal," NBER Working Papers 12484, National Bureau of Economic Research, Inc.
- Ahmed, Abdullahi D., 2016. "Integration of financial markets, financial development and growth: Is Africa different?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 42(C), pages 43-59.
- Choong, Chee-Keong & Baharumshah, Ahmad Zubaidi & Yusop, Zulkornain & Habibullah, Muzafar Shah, 2010. "Private capital flows, stock market and economic growth in developed and developing countries: A comparative analysis," Japan and the World Economy, Elsevier, vol. 22(2), pages 107-117, March.
- Adams, Samuel & Opoku, Eric Evans Osei, 2015. "Foreign direct investment, regulations and growth in sub-Saharan Africa," Economic Analysis and Policy, Elsevier, vol. 47(C), pages 48-56.
- Iamsiraroj, Sasi & Ulubaşoğlu, Mehmet Ali, 2015.
"Foreign direct investment and economic growth: A real relationship or wishful thinking?,"
Economic Modelling, Elsevier, vol. 51(C), pages 200-213.
- Doucouliagos, Hristos & Iamsiraroj, Sasi & Ulubasoglu, Mehmet Ali, 2010. "Foreign direct investment and economic growth: a real relationship or wishful thinking?," Working Papers eco_2010_14, Deakin University, Department of Economics.
- Chee-Keong Choong, 2012. "Does domestic financial development enhance the linkages between foreign direct investment and economic growth?," Empirical Economics, Springer, vol. 42(3), pages 819-834, June.
- Ayesha Ashraf & Dierk Herzer & Peter Nunnenkamp, 2016.
"The Effects of Greenfield FDI and Cross-border M&As on Total Factor Productivity,"
The World Economy, Wiley Blackwell, vol. 39(11), pages 1728-1755, November.
- Ashraf, Ayesha & Herzer, Dierk & Nunnenkamp, Peter, 2014. "The Effects of Greenfield FDI and Cross-border M&As on Total Factor Productivity," MPRA Paper 65060, University Library of Munich, Germany, revised 17 Mar 2015.
- Ashraf, Ayesha & Herzer, Dierk & Nunnenkamp, Peter, 2014. "The effects of Greenfield FDI and cross-border M&As on total factor productivity," Kiel Working Papers 1941, Kiel Institute for the World Economy (IfW Kiel).
- Gibogwe, Vincent & Nigo, Ayine & Kufuor, Karen, 2022. "FDI and economic growth in SADC region," MPRA Paper 115029, University Library of Munich, Germany, revised 29 Sep 2022.
- Gui-Diby, Steve Loris, 2014.
"Impact of foreign direct investments on economic growth in Africa: Evidence from three decades of panel data analyses,"
Research in Economics, Elsevier, vol. 68(3), pages 248-256.
- Steve Loris Gui-Diby, 2014. "Impact of foreign direct investments on economic growth in Africa: Evidence from three decades of panel data analyses," Post-Print halshs-01055597, HAL.
- Ketteni, Elena & Kottaridi, Constantina, 2019. "The impact of regulations on the FDI-growth nexus within the institution-based view: A nonlinear specification with varying coefficients," International Business Review, Elsevier, vol. 28(3), pages 415-427.
- Farla, Kristine & de Crombrugghe, Denis & Verspagen, Bart, 2016.
"Institutions, Foreign Direct Investment, and Domestic Investment: Crowding Out or Crowding In?,"
World Development, Elsevier, vol. 88(C), pages 1-9.
- Farla K. & Crombrugghe D.P.I. de & Verspagen B., 2013. "Institutions, foreign direct investment, and domestic investment : crowding out or crowding in?," MERIT Working Papers 2013-054, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
More about this item
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CTA-2017-10-22 (Contract Theory and Applications)
- NEP-FDG-2017-10-22 (Financial Development and Growth)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:adb:adbwps:2409. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adeleke Oluwole Salami (email available below). General contact details of provider: https://edirc.repec.org/data/afdbgci.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.