An analysis of the relationship between foreign direct investment (FDI), political risk and economic growth in South Africa
Author
Abstract
Suggested Citation
DOI: http://dx.doi.org/10.15208/beh.2018.54
Download full text from publisher
References listed on IDEAS
- Keefer,Philip & Loayza,Norman (ed.), 2008. "Terrorism, Economic Development, and Political Openness," Cambridge Books, Cambridge University Press, number 9780521887588, October.
- Kazunobu Hayakawa & Fukunari Kimura & Hyun-Hoon Lee, 2013.
"How Does Country Risk Matter for Foreign Direct Investment?,"
The Developing Economies, Institute of Developing Economies, vol. 51(1), pages 60-78, March.
- Hayakawa, Kazunobu & Kimura, Fukunari & Lee, Hyun-Hoon, 2011. "How does country risk matter for foreign direct investment?," IDE Discussion Papers 281, Institute of Developing Economies, Japan External Trade Organization(JETRO).
- Kazunobu HAYAKAWA & Fukunari KIMURA & Hyun-Hoon LEE, 2012. "How Does Country Risk Matter for Foreign Direct Investment?," Working Papers DP-2012-03, Economic Research Institute for ASEAN and East Asia (ERIA).
- Dupasquier, Chantal & Osakwe, Patrick N., 2006. "Foreign direct investment in Africa: Performance, challenges, and responsibilities," Journal of Asian Economics, Elsevier, vol. 17(2), pages 241-260, April.
- Brian J. Aitken & Ann E. Harrison, 2022.
"Do Domestic Firms Benefit from Direct Foreign Investment? Evidence from Venezuela,"
World Scientific Book Chapters, in: Globalization, Firms, and Workers, chapter 6, pages 139-152,
World Scientific Publishing Co. Pte. Ltd..
- Ann E. Harrison & Brian J. Aitken, 1999. "Do Domestic Firms Benefit from Direct Foreign Investment? Evidence from Venezuela," American Economic Review, American Economic Association, vol. 89(3), pages 605-618, June.
- Levine, Ross, 2005.
"Finance and Growth: Theory and Evidence,"
Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934,
Elsevier.
- Ross Levine, 2004. "Finance and Growth: Theory and Evidence," NBER Working Papers 10766, National Bureau of Economic Research, Inc.
- M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
- Khan, Mashrur Mustaque & Akbar, Mashfique Ibne, 2013. "The Impact of Political Risk on Foreign Direct Investment," MPRA Paper 47283, University Library of Munich, Germany.
- Gastanaga, Victor M. & Nugent, Jeffrey B. & Pashamova, Bistra, 1998. "Host Country Reforms and FDI Inflows: How Much Difference do they Make?," World Development, Elsevier, vol. 26(7), pages 1299-1314, July.
- Omer Javed, 2016. "The Economic Impact of International Monetary Fund Programmes," Contributions to Economics, Springer, edition 1, number 978-3-319-29178-9.
- Busse, Matthias & Hefeker, Carsten, 2007.
"Political risk, institutions and foreign direct investment,"
European Journal of Political Economy, Elsevier, vol. 23(2), pages 397-415, June.
- Busse, Matthias & Hefeker, Carsten, 2005. "Political Risk, Institutions and Foreign Direct Investment," Discussion Paper Series 26388, Hamburg Institute of International Economics.
- Hefeker, Carsten & Busse, Matthias, 2005. "Political Risk, Institutions and Foreign Direct Investment," HWWA Discussion Papers 315, Hamburg Institute of International Economics (HWWA).
- Khalid Sekkat & Marie‐Ange Veganzones‐Varoudakis, 2007.
"Openness, Investment Climate, and FDI in Developing Countries,"
Review of Development Economics, Wiley Blackwell, vol. 11(4), pages 607-620, November.
- Khalid Sekkat & Marie-Ange Veganzones, 2007. "Openness, investment climate and FDI in Developing countries," ULB Institutional Repository 2013/7370, ULB -- Universite Libre de Bruxelles.
- Marie-Ange Véganzonès-Varoudakis & K. Sekkat, 2007. "Openness, Investment Climate, and FDI in Developing Countries," Post-Print hal-00187094, HAL.
- Schneider, Friedrich & Frey, Bruno S., 1985. "Economic and political determinants of foreign direct investment," World Development, Elsevier, vol. 13(2), pages 161-175, February.
- Asiedu, Elizabeth, 2002. "On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different?," World Development, Elsevier, vol. 30(1), pages 107-119, January.
- Paresh Narayan & Russell Smyth, 2009. "The effect of inflation and real wages on productivity: new evidence from a panel of G7 countries," Applied Economics, Taylor & Francis Journals, vol. 41(10), pages 1285-1291.
- Jiangyan Yu & Mr. James P Walsh, 2010. "Determinants of Foreign Direct Investment: A Sectoral and Institutional Approach," IMF Working Papers 2010/187, International Monetary Fund.
- Ivan Turok & Justin Visagie, "undated". "Cities, productivity and Jobs in SA: Problems and potential," Working Papers 12, Economic Research Southern Africa.
- Root, Franklin R & Ahmed, Ahmed A, 1979. "Empirical Determinants of Manufacturing Direct Foreign Investment in Developing Countries," Economic Development and Cultural Change, University of Chicago Press, vol. 27(4), pages 751-767, July.
- Omer Javed, 2016. "IMF Programmes and Institutional Quality Determinants: Economic Scenarios in Pakistan," Contributions to Economics, in: The Economic Impact of International Monetary Fund Programmes, edition 1, chapter 0, pages 73-120, Springer.
- Jensen, Nathan M., 2003. "Democratic Governance and Multinational Corporations: Political Regimes and Inflows of Foreign Direct Investment," International Organization, Cambridge University Press, vol. 57(3), pages 587-616, July.
- Wheeler, David & Mody, Ashoka, 1992. "International investment location decisions : The case of U.S. firms," Journal of International Economics, Elsevier, vol. 33(1-2), pages 57-76, August.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Pavitra Dhamija, 2020. "Economic Development and South Africa: 25 Years Analysis (1994 to 2019)," South African Journal of Economics, Economic Society of South Africa, vol. 88(3), pages 298-322, September.
- James Temitope Dada & Ezekiel Olamide Abanikanda, 2022. "The moderating effect of institutions in foreign direct investment led growth hypothesis in Nigeria," Economic Change and Restructuring, Springer, vol. 55(2), pages 903-929, May.
- Thomas Habanabakize & Zandri Dickason-Koekemoer, 2023. "Country Risk Effects and Government Domestic Debt Nexus in South Africa," International Journal of Economics and Financial Issues, Econjournals, vol. 13(1), pages 29-34, January.
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.- Akhtaruzzaman, M. & Berg, Nathan & Hajzler, Christopher, 2017.
"Expropriation risk and FDI in developing countries: Does return of capital dominate return on capital?,"
European Journal of Political Economy, Elsevier, vol. 49(C), pages 84-107.
- M. Akhtaruzzaman & Nathan Berg & Christopher Hajzler, 2017. "Expropriation Risk and FDI in Developing Countries: Does Return of Capital Dominate Return on Capital?," Staff Working Papers 17-9, Bank of Canada.
- Fathi Ali & Norbert Fiess & Ronald MacDonald, 2010.
"Do Institutions Matter for Foreign Direct Investment?,"
Open Economies Review, Springer, vol. 21(2), pages 201-219, April.
- Ali, Fathi & Fiess, Norbert & MacDonald, Ronald, 2008. "Do Institutions Matter for Foreign Direct Investment?," SIRE Discussion Papers 2008-34, Scottish Institute for Research in Economics (SIRE).
- Fathi Ali & Norbert Fiess & Ronald MacDonald, 2008. "Do Institutions Matter for Foreign Direct Investment?," Working Papers 2008_26, Business School - Economics, University of Glasgow.
- Konstantinos Dellis, 2018. "Financial development and FDI flows: evidence from advanced economies," Working Papers 254, Bank of Greece.
- Assad Ullah & Yang Qingxiang & Mohammad Abdul Kamal & Zahid Ali4, 2015. "Domestic Investment Climate And Foreign Direct Investment In South Asia: A Panel Data Evidence," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 11(2), pages 149-164.
- Manop Udomkerdmongkol & Oliver Morrissey & Holger Görg, 2009.
"Exchange Rates and Outward Foreign Direct Investment: US FDI in Emerging Economies,"
Review of Development Economics, Wiley Blackwell, vol. 13(4), pages 754-764, November.
- Manop Udomkerdmongkol & Oliver Morrissey & Holger Görg, 2008. "Exchange Rates and Outward Foreign Direct Investment: US FDI in Emerging Economies," WIDER Working Paper Series RP2008-102, World Institute for Development Economic Research (UNU-WIDER).
- Céline Azémar & Rodolphe Desbordes, 2009.
"Public Governance, Health and Foreign Direct Investment in Sub-Saharan Africa,"
Journal of African Economies, Centre for the Study of African Economies, vol. 18(4), pages 667-709, August.
- Céline Azémar & Rodolphe Desbordes, 2008. "Public Governance, Health and Foreign Direct Investment in Sub-Saharan Africa," Working Papers 2009_04, Business School - Economics, University of Glasgow.
- Desbordes, Rodolphe & Azémar, Céline, 2008. "Public Governance, Health and Foreign Direct Investment in Sub-Saharan Africa," SIRE Discussion Papers 2008-23, Scottish Institute for Research in Economics (SIRE).
- Bailey, Nicholas, 2018. "Exploring the relationship between institutional factors and FDI attractiveness: A meta-analytic review," International Business Review, Elsevier, vol. 27(1), pages 139-148.
- David M. Gould & Congyan Tan & Amir S. Sadeghi Emamgholi, 2014. "Attracting Foreign Direct Investment," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 15(2), pages 133-174, September.
- Dimitra Mitsi & Constantina Kottaridi, 2022. "Fiscal and non-fiscal institutional context effects and foreign direct investment: empirical evidence in developing countries," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 72(1-2), pages 11-33, January-J.
- World Bank, 2013. "Trends and Determinants of Foreign Direct Investment in South Asia," World Bank Publications - Reports 16522, The World Bank Group.
- Assad Ullah & Yang Qingxiang & Mohammad Abdul Kamal & Zahid Ali4, 2015. "Domestic Investment Climate And Foreign Direct Investment In South Asia: A Panel Data Evidence," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 11(2), pages 11-12.
- Sekkat, Khalid, 2012. "Manufactured Exports and FDI in Southern Mediterranean Countries: Evolution, determinants and prospects," CEPS Papers 6849, Centre for European Policy Studies.
- Mumtaz Hussain Shah & Anum Gul Afridi, 2015. "Significance of Good Governance for FDI Inflows in SAARC Countries," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 7(2), pages 31-52, October.
- Busse, Matthias & Hefeker, Carsten, 2007.
"Political risk, institutions and foreign direct investment,"
European Journal of Political Economy, Elsevier, vol. 23(2), pages 397-415, June.
- Hefeker, Carsten & Busse, Matthias, 2005. "Political Risk, Institutions and Foreign Direct Investment," HWWA Discussion Papers 315, Hamburg Institute of International Economics (HWWA).
- Busse, Matthias & Hefeker, Carsten, 2005. "Political Risk, Institutions and Foreign Direct Investment," Discussion Paper Series 26388, Hamburg Institute of International Economics.
- Tidiane KINDA, 2010. "Increasing Private Capital Flows To Developing Countries: The Role Of Physical And Financial Infrastructure In 58 Countries, 1970-2003," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 10(2).
- Philipp Harms & Pierre-Guillaume Méon, 2013. "The Composition of FDI in the MENA Region and Other Countries: Econometric Investigation and Implications for MENA Countries," Working Papers 793, Economic Research Forum, revised Nov 2013.
- Alsan, Marcella & Bloom, David E. & Canning, David, 2006. "The effect of population health on foreign direct investment inflows to low- and middle-income countries," World Development, Elsevier, vol. 34(4), pages 613-630, April.
- Bersan Haliti & Safet Merovci, 2020. "The Impact of the Investment Environment on Foreign Direct Investment (FDI) in the European Transition Economies," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 138-147, March.
- John Anyanwu, 2011. "Working Paper 136 - Determinants of Foreign Direct Investment Inflows to Africa, 1980-2007," Working Paper Series 327, African Development Bank.
- Fosu, Prince, 2016. "Infrastructure and Foreign Direct Investment Inflows: Evidence from Ghana," MPRA Paper 100375, University Library of Munich, Germany, revised 13 May 2020.
More about this item
Keywords
ARDL model; economic growth; foreign direct investment; political risk; South Africa;All these keywords.
JEL classification:
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General
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:pdc:jrnbeh:v:14:y:2018:i:4:p:777-788. 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: Jaroslav Holecek (email available below). General contact details of provider: https://edirc.repec.org/data/pradecz.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.