Public governance, health and foreign direct investment in sub-Saharan Africa

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Periodical article

Title:	Public governance, health and foreign direct investment in sub-Saharan Africa
Authors:	Azémar, Céline Desbordes, Rodolphe
Year:	2009
Periodical:	Journal of African Economies
Volume:	18
Issue:	4
Pages:	667-709
Language:	English
Geographic term:	Subsaharan Africa
Subjects:	foreign investments governance public health
External link:	https://jae.oxfordjournals.org/content/18/4/667.full.pdf
Abstract:	Using 1985-2004 yearly panel data for 70 developing countries, including 28 from sub-Saharan Africa (SSA), this paper finds that once market size is accounted for, SSA's foreign direct investment (FDI) deficit with other regions of the world is mainly explained by the insufficient provision of public goods: relatively low human capital accumulation, in terms of education and health in SSA. On the basis of additional cross-sectional data, the paper finds that in the absence of HIV and malaria, net FDI inflows in the median SSA country could have been one-third higher during 2000-2004, with slightly more than one-half of this deficit explained by malaria. Bibliogr., notes, ref., sum. [Journal abstract]