Is Trade Facilitation a Deterrent or Stimulus for Foreign Direct Investment in Africa?

IF 1.3 Q3 ECONOMICS

International Trade Journal Pub Date : 2021-07-20 DOI:10.1080/08853908.2021.1937407

R. Ibrahim, K. Ajide

引用次数: 9

Abstract

ABSTRACT This article investigates whether trade facilitation acts as a stimulus or deterrent for foreign direct investment (FDI) inflow to Africa by employing six key components relating to cross-border trading on a panel of 26 African countries over the period of 2004 to 2014. The study employs both the fixed effects model and difference-generalized method of moments. The empirical results show that trade facilitation significantly hinders FDI inflows both in the single (aggregated) and multiple (disaggregated) models. This apart, the critical roles of gross domestic product (GDP), infrastructural development (FST), inflation (INFL), and trade openness (TO) are equally affirmed.

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贸易便利化是对非洲外国直接投资的威慑还是刺激？

摘要本文通过对2004年至2014年期间由26个非洲国家组成的小组中与跨境贸易有关的六个关键组成部分的研究，探讨了贸易便利化是否对流入非洲的外国直接投资起到了刺激或威慑作用。该研究采用了固定效应模型和差分广义矩方法。实证结果表明，在单一（汇总）和多重（分解）模型中，贸易便利化显著阻碍了外国直接投资流入。除此之外，国内生产总值（GDP）、基础设施发展（FST）、通货膨胀（INFL）和贸易开放（TO）的关键作用也得到了同样的肯定。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Trade Journal Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

1.90

自引率

0.00%

发文量

期刊介绍： The International Trade Journal is a refereed interdisciplinary journal published for the enhancement of research in international trade. Its editorial objective is to provide a forum for the scholarly exchange of research findings in,and significant empirical, conceptual, or theoretical contributions to the field. The International Trade Journal welcomes contributions from researchers in academia as well as practitioners of international trade broadly defined.