Emerging Economies' versus Advanced Countries' Investment Impact in Africa

Ezemenari, Kene ; Tiruneh, Esubalew Alehegn ; Wamboye, Evelyn

World Bank, Washington, DC

关键词: foreign direct investment;    direct foreign investment;    labor productivity;    employment;    BRICS;   

DOI  :  10.1596/1813-9450-7928
RP-ID  :  WPS7928

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This paper provides evidence on thelabor productivity growth and employment impacts of foreigndirect investment in selected countries in Africa over theyears 2001-2012. It uses data from five emerging economies(Brazil, Russia, India, China, and South Africa) andadvanced countries (Canada, France, Germany, Italy, Japan,the United Kingdom, and the United States of America). Theestimation, using system generalized method of moments,shows that foreign direct investment from emerging economiesand advanced countries has increased labor productivitygrowth and employment in Africa, when human capital andgovernance are controlled for. However, the level of impactvaries based on the origin of investment.