Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63256
Authors: 
Asiedu, Elizabeth
Gyimah-Brempong, Kwabena
Year of Publication: 
2007
Series/Report no.: 
Research Paper, UNU-WIDER, United Nations University (UNU) 2007/69
Abstract: 
There has been a remarkable shift in the attitudes towards globalization. Specifically, the discussion among academics and policymakers has shifted from whether globalization should be encouraged to how countries can position themselves to benefit from globalization. This paper focuses on one aspect of globalization – the liberalization of investment policies – and analyzes its impact on employment and investments by multinational corporations in Africa. We use data for 33 countries over the period 1984– 2003 and employ a dynamic panel estimator for our analysis. There are two major findings. First, liberalization has a significant and positive effect on investment. Second, liberalization does not have a direct impact on multinational employment – the effect is indirect liberalization stimulates multinational investments which in turn increases multinational employment. By increasing investment and employment from multinational firms, these liberalization programmes contribute to poverty alleviation. – investment ; employment ; poverty reduction ; labour
JEL: 
F23
E22
O16
ISBN: 
978-92-9230-018-0
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.