Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108380
Authors: 
Ngongan, Elie
Year of Publication: 
18-Dec-2014
Citation: 
[Journal:] Journal of Economics Library [ISSN:] 2149-2379 [Volume:] 1 [Issue:] 1 [Pages:] 7-21
Abstract: 
Physical infrastructures are a set of interconnected structural elements whose function is to participate in attracting capital flows in order for the economy to function efficiently. They transfer capital flows that are able to ensure growth and stability. They also constitute a major challenge for growth and development. We have attempted in this paper to study the influence of physical infrastructures and financial development on foreign direct investments (FDIs) in the context of Sub-Saharan African (SSA) countries by combining two theoretical approaches (the Paradox of Lucas and the external-internal factors), and by integrating the correlation between the components of capital flows. Our regressions show the importance of non-linear effects in the explanation of the determinants of private capital. This analysis also emphasizes the more important role physical infrastructures play in attracting FDIs despite perverse effects.
Subjects: 
Physical Infrastructures
Financial Development
JEL: 
A10
Creative Commons License: 
http://creativecommons.org/licenses/by-nc/4.0
Document Type: 
Article

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