Emerging Economies' versus Advanced Countries' Investment Impact in Africa
This paper provides evidence on the labor productivity growth and employment impacts of foreign direct investment in selected countries in Africa over the years 2001-2012. It uses data from five emerging economies (Brazil, Russia, India, China, and...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/983731482352090576/Emerging-economies-versus-advanced-countries-investment-impact-in-Africa http://hdl.handle.net/10986/25831 |
| Summary: | This paper provides evidence on the
labor productivity growth and employment impacts of foreign
direct investment in selected countries in Africa over the
years 2001-2012. It uses data from five emerging economies
(Brazil, Russia, India, China, and South Africa) and
advanced countries (Canada, France, Germany, Italy, Japan,
the United Kingdom, and the United States of America). The
estimation, using system generalized method of moments,
shows that foreign direct investment from emerging economies
and advanced countries has increased labor productivity
growth and employment in Africa, when human capital and
governance are controlled for. However, the level of impact
varies based on the origin of investment. |
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