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Diversification des exportations, investissements directs étrangers et croissance économique en Afrique Subsaharienne
[Export diversification, foreign direct investment and economic growth in Sub-Saharan Africa]

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  • NAPO, Fousséni
  • ADJANDE, Ali Awountchou

Abstract

The objective of this article is to analyse the effects of export diversification and foreign direct investment (FDI) on economic growth. Second, to examine whether foreign direct investment (FDI) can contribute to export diversification. We have adopted a methodology based on the generalized moments method in dynamic panel system over the period 1990-2014 for forty-seven (47) sub-Saharan African countries. The results of our estimates show a positive impact of export diversification on economic growth. This positive impact would be greater through the number of export lines that sub-Saharan African countries will create. On the other hand, the concentration of exports based on raw materials and manufactured value added have a negative impact on GDP per capita growth. This negative effect is due to the concentration of FDI in the raw materials sector. It would therefore make sense for sub-Saharan African countries to diversify FDI in several sectors, which will allow them to create a larger number of potential export lines for growth.

Suggested Citation

  • NAPO, Fousséni & ADJANDE, Ali Awountchou, 2019. "Diversification des exportations, investissements directs étrangers et croissance économique en Afrique Subsaharienne [Export diversification, foreign direct investment and economic growth in Sub-S," MPRA Paper 95602, University Library of Munich, Germany, revised 08 Jun 2019.
    • Handle: RePEc:pra:mprapa:95602
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    More about this item

    Keywords

    Africa; exports; diversification and natural resources.;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

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