Microeconomic Consequences and Macroeconomic Causes of Foreign Direct Investment in Southern African Economies

The causes and consequences of foreign direct investment (FDI) in developing countries remains a subject of debate among researchers and policymakers alike. The authors use international data and a new micro-data set of firms in thirteen Southern A...

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Bibliographic Details
Main Authors:	Lederman, Daniel, Mengistae, Taye, Xu, Lixin Colin
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCOUNTING ADVANCED ECONOMIES AFFILIATED ORGANIZATIONS AGENCY PROBLEMS AMOUNT OF CAPITAL AVERAGE PRODUCTIVITY BARRIER BUREAUCRATIC QUALITY BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS CAPITAL FLOW CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MOBILITY CAPITAL SHORTAGES CAPITAL STRUCTURE CIVIL WARS COMPARATIVE ECONOMICS COMPETITIVENESS CONFLICTS OF INTERESTS CORPORATE INVESTMENT CORPORATE INVESTORS CURRENCY DEMOGRAPHIC DEVELOPING COUNTRIES DEVELOPMENT AGENCIES DEVELOPMENT ECONOMICS DIRECT FOREIGN INVESTMENT DISCLOSURE DIVIDENDS DOMESTIC FIRM DOMESTIC FIRMS DOMESTIC MARKET DOMESTIC MARKETS DUMMY VARIABLE ECONOMETRICS ECONOMIC BENEFITS ECONOMIC DEVELOPMENT ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMICS ECONOMICS LITERATURE EXCHANGE RATE EXCHANGE RATES EXPECTED VALUE EXPORTER EXPORTS EXTERNAL FINANCE EXTERNALITY FDI FINANCIAL CONSTRAINTS FINANCIAL DEVELOPMENT FINANCIAL INTERMEDIARIES FIRM PERFORMANCE FIRM SIZE FIXED COSTS FOREIGN CAPITAL FOREIGN COMPANIES FOREIGN DIRECT INVESTMENT FOREIGN FIRM FOREIGN FIRMS FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN OPERATIONS FOREIGN OWNERS FOREIGN OWNERSHIP FOREIGN-OWNED FIRMS GDP GDP PER CAPITA GLOBAL ECONOMY GOVERNMENT POLICIES GOVERNMENT POLICY GROWTH POTENTIAL GROWTH RATE GROWTH RATES HOST COUNTRIES HOST COUNTRY HUMAN CAPITAL INCOME INCOME LEVEL INCOME LEVELS INCOMES INDUSTRIAL ECONOMICS INFORMATION ASYMMETRIES INFORMATION ASYMMETRY INFORMATION DISCLOSURE INFRASTRUCTURE DEVELOPMENT INSTITUTIONAL ENVIRONMENT INTELLECTUAL PROPERTY INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL INVESTMENT INTERNATIONAL TRADE INVESTMENT CLIMATE INVESTMENT FLOWS INVESTMENT LOCATION DECISIONS INVESTMENT OPPORTUNITIES INVESTMENT PROJECTS INWARD FOREIGN DIRECT INVESTMENT LABOR MARKETS LEGAL ENVIRONMENT LIABILITY LOCAL CURRENCY LOCAL ECONOMIES LOCAL MARKET MANUFACTURING FIRMS MARKET DEVELOPMENT MARKET RISKS MARKET SHARES MARKET SIZE MARKET SIZES MICRO DATA MICRO-DATA MULTINATIONAL COMPANIES MULTINATIONAL ENTERPRISE MULTINATIONAL ENTERPRISES MULTINATIONAL FIRMS OPPORTUNISTIC BEHAVIOR OWNERSHIP SHARES POLITICAL ECONOMY POSITIVE COEFFICIENT POSITIVE EFFECTS POWER OUTAGE PRICE STABILITY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCTION FUNCTION PRODUCTIVITY GROWTH PROPERTY RIGHTS PROPERTY RIGHTS PROTECTION REAL GDP REAL GROWTH RATE REGIONAL INTEGRATION REGULATORY ENVIRONMENTS REGULATORY INFRASTRUCTURE RETURNS RULE OF LAW SALES GROWTH SHAREHOLDER SMALL COUNTRIES SUSTAINABLE GROWTH TECHNOLOGY TRANSFER TOTAL FACTOR PRODUCTIVITY TRACK RECORD TRACK RECORDS TRADE POLICIES UNDERDEVELOPED CAPITAL MARKETS URBANIZATION VALUATION VOLATILITY WAGES WORLD DEVELOPMENT INDICATORS WORLD ECONOMY
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100927084937 http://hdl.handle.net/10986/3915