On the importance of Chinese investment in Africa

Review of Development Finance - Tập 8 - Trang 63-73 - 2018
Ficawoyi Donou-Adonsou1, Sokchea Lim1
1Department of Economics and Finance, John Carroll University, 1 John Carroll Boulevard, University Heights, OH 44118, United States

Tài liệu tham khảo

Ademola, 2009, China-Africa trade relations: insight from AERC scoping studies, Eur. J. Dev. Res., 21, 485, 10.1057/ejdr.2009.28 Alden, 2005, China in Africa, Survival, 47, 147, 10.1080/00396330500248086 Alfaro, 2004, FDI and economic growth: the role of local financial markets, J. Int. Econ., 64, 89, 10.1016/S0022-1996(03)00081-3 Alfaro, 2009, FDI, productivity and financial development, World Econ., 32, 111, 10.1111/j.1467-9701.2009.01159.x Alfaro, 2010, Does foreign direct investment promote growth? Exploring the role of financial markets on linkages, J. Dev. Econ., 91, 242, 10.1016/j.jdeveco.2009.09.004 Alguacil, 2011, Inward FDI and growth: the role of macroeconomic and institutional environment, J. Policy Model., 33, 481, 10.1016/j.jpolmod.2010.12.004 Asiedu, 2006, Foreign direct investment in Africa: the role of natural resources, market size, government policy, institutions and political instability, World Econ., 29, 63, 10.1111/j.1467-9701.2006.00758.x Azman-Saini, 2010, Foreign direct investment, economic freedom and economic growth: international evidence, Econ. Model., 27, 1079, 10.1016/j.econmod.2010.04.001 Balasubramanyam, 1999, Foreign direct investment as an engine of growth, J. Int. Trade Econ. Dev., 8, 27, 10.1080/09638199900000003 Baum, 2007, Enhanced routines for instrumental variables/GMM estimation and testing, Stata J., 7, 465, 10.1177/1536867X0800700402 Borensztein, 1998, How does foreign direct investment affect economic growth?, J. Int. Econ., 45, 115, 10.1016/S0022-1996(97)00033-0 Carkovic, 2002 Cheung, 2012, China’s outward direct investment in Africa, Rev. Int. Econ., 20, 201, 10.1111/j.1467-9396.2012.01017.x Cipollina, 2012, FDI and growth: what cross-country industry data say, World Econ., 35, 1599, 10.1111/j.1467-9701.2012.01478.x De Mello, 1997, Foreign direct investment in developing countries and growth: a selective survey, J. Dev. Stud., 34, 1, 10.1080/00220389708422501 Fauzel, 2015, Foreign direct investment and welfare nexus in sub Saharan Africa, J. Dev. Areas, 49, 271, 10.1353/jda.2015.0133 Fowowe, 2014, Is foreign direct investment good for the poor? New evidence from African countries, Econ. Change Restruct., 47, 321, 10.1007/s10644-014-9152-4 Gelb, 2005, South-south investment: the case of Africa, 200 Gohou, 2012, Does foreign direct investment reduce poverty in Africa and are there regional differences?, World Dev., 40, 75, 10.1016/j.worlddev.2011.05.014 Havranek, 2011, Estimating vertical spillovers from FDI: why results vary and what the true effect is, J. Int. Econ., 85, 234, 10.1016/j.jinteco.2011.07.004 Klaver, 2011, Chinese investment in Africa, Law Dev. Rev., 4, 168, 10.2202/1943-3867.1126 Kolstad, 2011, Better the devil you know? Chinese foreign direct investment in Africa, J. Afr. Bus., 12, 31, 10.1080/1536710X.2011.555259 Leung, D. and Zhou, L., Where are Chinese investments in Africa headed, World Resources Institute, May 15, 2014. http://www.wri.org/blog/2014/05/where-are-chinese-investments-africa-headed. Levine, 2000, Financial intermediation and growth: causality and causes, J. Monet. Econ., 46, 31, 10.1016/S0304-3932(00)00017-9 Mankiw, 1992, A contribution to the empirics of economic growth, Q. J. Econ., 107, 407, 10.2307/2118477 Otchere, 2016, FDI and financial market development in Africa, World Econ., 39, 651, 10.1111/twec.12277 Soumaré, 2015, Does FDI improve economic development in North African countries?, Appl. Econ., 47, 5510, 10.1080/00036846.2015.1051655 Yao, 2010, China’s outward FDI and resource-seeking strategy: a case study on Chinalco and Rio Tinto, Asia-Pacific J. Account. Econ., 17, 313, 10.1080/16081625.2010.9720868 Yao, 2014, Has China displaced the outward investments of OECD countries?, China Econ. Rev., 28, 55, 10.1016/j.chieco.2013.11.002