|
| |
| Constant Fouopi djiogap |
| |
| ''Foreign Direct Investment and Macro Economic Performances in the Central African Economic and Monetary Community (CEMAC)'' |
| ( 2013, Vol. 33 No.4 ) |
| |
| |
| This article analyzes the impact of macroeconomic performances on the inflow of Foreign Direct Investment (FDI) in the Central African Economic and Monetary Community (CEMAC)'s Countries over the period 1995 – 2010, Using a dataset which breaks down FDI flows into primary, secondary and tertiary sector investments and a GMM dynamic approach to address concerns about endogeneity. We find that, Our result suggests that all sectors FDI have no strong linkages to either macroeconomic conditions, or institutional quality, though like other forms of FDI, clustering effects appear important, with larger stocks attracting greater additional inflows. The main recommendation are (i) CEMAC Countries must diversify their economies in other to increase their market size and non natural resources growth potential (i) institutional quality should be improved. |
| |
| |
| Keywords: Foreign Direct Investment, macroeconomic performances, natural resources, market size, economic diversification |
JEL:
F2 - International Factor Movements and International Business: General |
| |
| Manuscript Received : Apr 30 2013 | | Manuscript Accepted : Oct 08 2013 |
|
