IDEAS home Printed from https://ideas.repec.org/a/afj/journl/v14y2012i1p67-86.html
   My bibliography  Save this article

Does FDI Contribute to the Integration into the Global Economy? Time-Series Evidence for Ten African Countries

Author

Listed:
  • Yaya Keho

    (Higher National School of Applied Statistics and Economics (ENSEA))

Abstract

This study investigates the relationship between FDI and exports in a sample of ten African countries. Using annual data from 1970 to 2007, we find that FDI causes exports in Burkina Faso and South Africa supporting the FDI-led exports point of view, while exports cause FDI in Cameroon, Cote d’Ivoire and Kenya, supporting the hypothesis that outward oriented economies attract more FDI. We find bidirectional causality in Ghana, Nigeria and Zambia, implying a virtuous circle of FDI and exports. We do not find causality for Congo and Gabon.

Suggested Citation

  • Yaya Keho, 2012. "Does FDI Contribute to the Integration into the Global Economy? Time-Series Evidence for Ten African Countries," The African Finance Journal, Africagrowth Institute, vol. 14(1), pages 67-86.
    • Handle: RePEc:afj:journl:v:14:y:2012:i:1:p:67-86
    as

    Download full text from publisher

    File URL: http://www.journals.co.za/ej/ejour_finj.html
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Xuan Ji & Yanqing Jiang, 2018. "The Difference of Outward-Oriented Economy in Six Provinces of Central China Based on the Theil Index," Asian Development Policy Review, Asian Economic and Social Society, vol. 6(2), pages 70-76, June.

    More about this item

    Keywords

    Foreign direct investment; Exports; Cointegration; Granger causality; Sub-Saharan Africa;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • F10 - International Economics - - Trade - - - General
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

    Statistics

    Access and download statistics

    Corrections

    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:afj:journl:v:14:y:2012:i:1:p:67-86. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Kirk De Doncker (email available below). General contact details of provider: https://edirc.repec.org/data/afrgrza.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.