The Impact of Foreign Direct Investment on Labor Market Measures: Evidence from Sub-Saharan Africa PDF Download
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Author: David A Mayom
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
There is scant literature examining the relationship between foreign direct investment (FDI) and labor market measures in Sub-Saharan African (SSA) countries. This paper explores the effect of FDI on the labor market measures using panel data of 48 Sub-Saharan African Countries from 1991 to 2009. The result indicates that FDI has a positive and significant effect on employment implying that an increase in the inflow of FDI is associated with higher employment. Thus, Sub-Saharan African governments should strongly consider poverty alleviation and employment policies that encourage and direct FDI to the industries where it can significantly reduce unemployment.
Author: David A Mayom
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
There is scant literature examining the relationship between foreign direct investment (FDI) and labor market measures in Sub-Saharan African (SSA) countries. This paper explores the effect of FDI on the labor market measures using panel data of 48 Sub-Saharan African Countries from 1991 to 2009. The result indicates that FDI has a positive and significant effect on employment implying that an increase in the inflow of FDI is associated with higher employment. Thus, Sub-Saharan African governments should strongly consider poverty alleviation and employment policies that encourage and direct FDI to the industries where it can significantly reduce unemployment.
Author: Thomas Farole
Publisher: World Bank Publications
ISBN: 1464801274
Category : Business & Economics
Languages : en
Pages : 302
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Book Description
This book presents the results of a groundbreaking study on spillovers of knowledge and technology from global value-chain oriented foreign direct investment (FDI) in Sub-Saharan Africa, and discusses implications for policymakers hoping to harness the power of FDI for economic development.
Author: Nomathemba Mhlanga
Publisher:
ISBN:
Category :
Languages : en
Pages : 236
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Book Description
Author: Laurence Cockcroft
Publisher: World Bank Publications
ISBN:
Category : Africa, Sub-Saharan
Languages : en
Pages : 74
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Book Description
Foreign investment is even less likely to meet Sub-Saharan Africa's rising foreign exchange and savings gaps in the 1990s than in the dismal 1980s. Investors interested in Sub-Saharan Africa are more likely to commit technology and management than equity capital. Economic activity and overall economic policy may be more effective at raising the total volume of investment than special fiscal and other incentives.
Author: Linda Nichols
Publisher:
ISBN:
Category :
Languages : en
Pages : 6
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Book Description
This paper uses panel data for the period ranging from 1996 to 2013 to investigate the contribution of US foreign direct investment to economic growth in fourteen Sub-Saharan African Countries. We apply the fixed and random effects model as well as the Generalized Method of Moments model to estimate two different equations. In the first equation, capital stock is estimated to include US foreign direct investments for selected years while the second equation excludes US direct investment from the capital stock variable. The results of the estimations revealed that domestic capital significantly affect economic growth in these countries but found no discernible evidence that US FDI have any direct impact on economic growth in the host countries. The results also found significant effect of political stability and openness on the growth of Sub Saharan African countries. The implication of these findings is that the region can promote economic growth by mobilizing domestic resources, ensuring that there is political stability and opening their economies to external competition.
Author: Ronald K.S. Wakyereza
Publisher: Cambridge Scholars Publishing
ISBN: 1527541665
Category : Business & Economics
Languages : en
Pages : 389
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Book Description
The textbook experience of poverty can be witnessed in a number of developing countries in Sub-Saharan Africa, South-East Asia and Latin America. Accordingly, Foreign Direct Investment (FDI) has been identified as an important tool for poverty reduction, as it is noted to accelerate economic growth and employment in a nation, and is currently an essential issue for countries such as Uganda. This book finds that Ragnar’s 1953 ‘Vicious-Circle of Poverty’ remains undisputed even today, showing that attracting FDI is not the end, but that a nation’s absorption capacity is equally paramount. The implications of the FDI ‘frog-leap theory’ for developing countries and the Community Capital Absorption Capacity Development (CCACD) framework provide plausible poverty reduction approaches in the 21st century. Without such measures, bringing an end to poverty is likely to elude governments and multinational corporations in developing countries.
Author: Sunando Sengupta
Publisher:
ISBN:
Category :
Languages : en
Pages : 16
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Book Description
This paper uses panel data for the period ranging from 1996 to 2013 to investigate the contribution of US foreign direct investment to economic growth in fourteen Sub-Saharan African Countries. We apply the fixed and random effects model as well as the Generalized Method of Moments model to estimate two different equations. In the first equation, capital stock is estimated to include US foreign direct investments for selected years while the second equation excludes US direct investment from the capital stock variable. The results of the estimations revealed that domestic capital significantly affect economic growth in these countries but found no discernible evidence that US FDI have any direct impact on economic growth in the host countries. The results also found significant effect of political stability and openness on the growth of Sub Saharan African countries. The implication of these findings is that the region can promote economic growth by mobilizing domestic resources, ensuring that there is political stability and opening their economies to external competition.
Author: Vijaya Ramachandran
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 84
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Book Description
In this essay, Dr. Ramachandran examines the constraints to private sector growth in Sub- Saharan Africa. She addresses two sets of issues--the constraints on firm-level productivity and the barriers to investment in the private sector. Focusing on the manufacturing sector, the author identifies and analyzes several key problems that are responsible for low productivity and investment levels in Africa. Finally, she outlines policies that may lead to the improvement of productivity and investment levels, and the role of national and international agencies in promoting these strategies. The author begins by comparing manufacturing sector productivity across developing countries and then examines some of the reasons for the gap between African productivity and that of the rest of the developing world. The key questions with regard to the productivity gap include the following: Can African labor compete with labor from other developing countries? Is the vintage of capital equipment a barrier to raising productivity? How can African firms build export capacity and become competitive in global markets? What types of firms are growing the fastest in Africa? How efficient is the market for credit in the private sector and how does this impact firm-level productivity? Recognizing that Africa's potential to attract private sector investment is at the heart of its ability to achieve a high rate of economic growth, the author identifies some of the major problems faced by investors in the private sector. In particular, she focuses on foreign direct investment because of its critical role in generating growth in the early stages of industrial development. By using case studies and othermaterial, she examines foreign investment trends in Africa, the impact of this investment in terms of output and employment, and the problems faced by new investors in Sub-Saharan Africa. The author concludes with specific recommendations for generating growth in the private sector and for improving productivity and investment levels in Africa. Finally, she suggests concrete steps that national and international policymakers can take to improve the climate for investment in Africa.
Author: Nicola Daniele Coniglio
Publisher:
ISBN:
Category : Investments, Foreign
Languages : en
Pages : 27
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Book Description
Author: Jacques Morisset
Publisher: World Bank Publications
ISBN:
Category : Africa, Sub-Saharan
Languages : en
Pages : 28
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Book Description
A few Sub-Saharan countries, by improving their business environment, have begun to attract more substantial foreign direct investment than other African countries with bigger domestic markets and greater natural resources. Like Ireland and Singapore, perhaps they can become competitive internationally and attract sustainable foreign direct investment.
