Title: The foreign aid–foreign direct investment relationship in Africa: The mediating role of institutional quality and financial development
Abstract: Abstract The interaction of foreign aid and foreign direct investment is an important issue for developing countries in Africa. I probe into the mediating role of institutional quality and financial development using a panel data set of 47 countries over the period 1996–2016. I find that the effectiveness of foreign aid in attracting foreign direct investment is greater in countries with better institutional quality and sound financial development. The implications for policy are outlined.
Publication Year: 2020
Publication Date: 2020-02-01
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 22
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot