Investissements Directs Étrangers Et Intégration Régionale : Un État Des Lieux Pour Le Marché Commun D’Afrique De L’Est Et Du Sud
This paper analyzes the evolution of foreign direct investment [FDI] inflows for the Common Market for Eastern and Southern Africa [COMESA]. We focus especially on the impact of its creation in 1994 on FDI performances for each member of the organization. On the whole, the results are twofold. Firstly, the COMESA, as a group, has attracted more FDI inflows over the last decade. However the global performance remains largely unsatisfactory in comparison with the other regional trade agreements of the developing world. This situation is not surprising to the extent that many barriers to international investment are still present in Eastern and Southern Africa (macroeconomic and political instabilities, unsuitable economic policies, bad infrastructures, unreliable legal systems…). Secondly, the geographical distribution of FDI is strongly heterogeneous within the COMESA. The winners are clearly the countries which have enormous natural resources, such as oil exporting economies.
Volume (Year): 29 (2009)
Issue (Month): ()
|Contact details of provider:|| Web page: http://regionetdeveloppement.org/|
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Medvedev, Denis, 2006. "Beyond trade : the impact of preferential trade agreements on foreign direct investment inflows," Policy Research Working Paper Series 4065, The World Bank.
- Campos, Nauro F & Kinoshita, Yuko, 2008.
"Foreign Direct Investment and Structural Reforms: Evidence from Eastern Europe and Latin America,"
IZA Discussion Papers
3332, Institute for the Study of Labor (IZA).
- Campos, Nauro F & Kinoshita, Yuko, 2008. "Foreign Direct Investment and Structural Reforms: Evidence from Eastern Europe and Latin America," CEPR Discussion Papers 6690, C.E.P.R. Discussion Papers.
- Nauro Campos & Yuko Kinoshita, 2008. "Foreign Direct Investment and Structural Reforms: Evidence from Eastern Europe and Latin America," William Davidson Institute Working Papers Series wp906, William Davidson Institute at the University of Michigan.
- Yuko Kinoshita & Nauro F. Campos, 2008. "Foreign Direct Investment and Structural Reforms; Evidence from Eastern Europe and Latin America," IMF Working Papers 08/26, International Monetary Fund.
- Sebnem Kalemli-Ozcan & Laura Alfaro & Selin Sayek & Areendam Chanda, 2002.
"FDI and Economic Growth: The Role of Local Financial Markets,"
- Alfaro, Laura & Chanda, Areendam & Kalemli-Ozcan, Sebnem & Sayek, Selin, 2004. "FDI and economic growth: the role of local financial markets," Journal of International Economics, Elsevier, vol. 64(1), pages 89-112, October.
- Motta, Massimo & Norman, George, 1996.
"Does Economic Integration Cause Foreign Direct Investment?,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 37(4), pages 757-83, November.
- Massimo Motta & George Norman, 1993. "Does economic integration cause foreign direct investment?," Economics Working Papers 28, Department of Economics and Business, Universitat Pompeu Fabra.
- Adugna Lemi & Sisay Asefa, 2003. "Foreign Direct Investment and Uncertainty: Empirical Evidence from Africa," The African Finance Journal, Africagrowth Institute, vol. 5(1), pages 36-67.
- Blomstrom, Magnus & Kokko, Ari, 1997. "Regional integration and foreign direct investment : a conceptual framework and three cases," Policy Research Working Paper Series 1750, The World Bank.
- Paul Krugman, 1990.
"Increasing Returns and Economic Geography,"
NBER Working Papers
3275, National Bureau of Economic Research, Inc.
- Blomström, Magnus & Kokko, Ari, 1997.
"Regional Integration and Foreign Direct Investment,"
CEPR Discussion Papers
1659, C.E.P.R. Discussion Papers.
- Blomström, Magnus & Kokko, Ari, 1997. "Regional Integration and Foreign Direct Investment," SSE/EFI Working Paper Series in Economics and Finance 172, Stockholm School of Economics.
- Magnus Blomstrom & Ari Kokko, 1997. "Regional Integration and Foreign Direct Investment," NBER Working Papers 6019, National Bureau of Economic Research, Inc.
- Sylvie Montout & Habib Zitouna, 2005. "Does North-South Integration Affect Multinational Firms' Strategies?," Review of International Economics, Wiley Blackwell, vol. 13(3), pages 485-500, 08.
- Venables, Anthony J, 2000.
"Winners and Losers from Regional Integration Agreements,"
CEPR Discussion Papers
2528, C.E.P.R. Discussion Papers.
- Anthony J. Venables, 2003. "Winners and losers from regional integration agreements," Economic Journal, Royal Economic Society, vol. 113(490), pages 747-761, October.
- Reinhart, Carmen & Rogoff, Kenneth, 2002.
"FDI to Africa: The role of price stability and currency instability,"
13872, University Library of Munich, Germany.
- Carmen Reinhart & Kenneth Rogoff, 2003. "FDI to Africa; The Role of Price Stability and Currency Instability," IMF Working Papers 03/10, International Monetary Fund.
- 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.
- Fabrizio Carmignani, 2006.
"The Road to Regional Integration in Africa: Macroeconomic Convergence and Performance in COMESA,"
Journal of African Economies,
Centre for the Study of African Economies (CSAE), vol. 15(2), pages 212-250, June.
- Fabrizio Carmignani, 2003. "The Road to Regional Integration in Africa: Macroeconomic Convergence and Performance in COMESA," Working Papers 67, University of Milano-Bicocca, Department of Economics, revised Dec 2003.
- Morisset, Jacques, 2000. "Foreign direct investment in Africa : policies also matter," Policy Research Working Paper Series 2481, The World Bank.
- Julia Kubny & Florian Mölders & Peter Nunnenkamp, 2008.
"Regional Integration and FDI in Emerging Markets,"
Kiel Working Papers
1418, Kiel Institute for the World Economy.
- Balasubramanyam, V N & Sapsford, David & Griffiths, David, 2002. "Regional Integration Agreements and Foreign Direct Investment: Theory and Preliminary Evidence," Manchester School, University of Manchester, vol. 70(3), pages 460-82, June.
- Badi H. Baltagi & Peter Egger & Michael Pfaffermayr, 2007.
"Estimating Regional Trade Agreement Effects on FDI in an Interdependent World,"
Center for Policy Research Working Papers
100, Center for Policy Research, Maxwell School, Syracuse University.
- Baltagi, Badi H. & Egger, Peter & Pfaffermayr, Michael, 2008. "Estimating regional trade agreement effects on FDI in an interdependent world," Journal of Econometrics, Elsevier, vol. 145(1-2), pages 194-208, July.
- repec:ebl:ecbull:v:6:y:2002:i:4:p:1-19 is not listed on IDEAS
- Andrea Goldstein, 2002. "The New Regionalism in Sub-Saharan Africa: More than Meets the Eye?," OECD Development Centre Policy Briefs 20, OECD Publishing.
- Carlo Altomonte, 2004. "Regional economic integration and the location of multinational enterprises," KITeS Working Papers 152, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised Jan 2004.
- Jacqueline T Irving, 2005. "Regional Integration of Stock Exchanges in Eastern and Southern Africa; Progress and Prospects," IMF Working Papers 05/122, International Monetary Fund.
- 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.
When requesting a correction, please mention this item's handle: RePEc:tou:journl:v:29:y:2009:p:69-103. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christophe Van Huffel)
If references are entirely missing, you can add them using this form.