IDEAS home Printed from https://ideas.repec.org/a/ids/ijbema/v17y2025i4p491-510.html
   My bibliography  Save this article

Private capital inflows and industrial sector performance: a comparative study of the top largest economies in Sub-Saharan Africa

Author

Listed:
  • Samson Edo

Abstract

This paper investigates the interactive effect of foreign direct investment and foreign portfolio investment on industrial performance, with the aim of validating or refuting the Bank for International Settlements (BIS) position on the risk posed by large fluctuations in private capital flows. The investigation focuses on the top largest economies in Sub-Saharan Africa, and covers the period 1990-2021. The methodologies of dynamic ordinary least squares model and unrestricted error correction model are employed in the investigation. The results reveal that the interaction between foreign direct investment and foreign portfolio investment did not have impressive effect on industrial growth, compared to capital market and trade openness with relatively high impact. It follows that fluctuations in private capital inflows constitute a major challenge to industrial performance. Since private capital inflows failed to facilitate industrial performance, it is necessary to fill the vacuum by raising the level of domestic private investments.

Suggested Citation

  • Samson Edo, 2025. "Private capital inflows and industrial sector performance: a comparative study of the top largest economies in Sub-Saharan Africa," International Journal of Business and Emerging Markets, Inderscience Enterprises Ltd, vol. 17(4), pages 491-510.
    • Handle: RePEc:ids:ijbema:v:17:y:2025:i:4:p:491-510
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=149001
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    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:ids:ijbema:v:17:y:2025:i:4:p:491-510. 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: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=249 .

    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.