Publication Date
2023
Document Type
Dissertation/Thesis
First Advisor
Chaoxiong, Michelle
Degree Name
M.S. (Master of Science)
Legacy Department
Department of Statistics and Actuarial Science
Abstract
This paper investigates the possible factors that influence foreign direct investment inflow rate to Africa after controlling for other macroeconomic factors. Using the heterogenous Toeplitz mixed method on a sample of 23 countries from 1998 – 2020, we find evidence of the statistical significance of a relationship between the amount of trade done in Africa and the FDI inflow rate in Africa. We also find a statistical relationship between the labor force participation rate and the FDI inflow rate to Africa. Although the Fixed effect and GLM method did not find the relationship between LFP rate and FDI inflow to Africa significant, the heterogenous Toeplitz mixed method was selected because it has the smallest Bayesian Information Criteria (BIC) value.
Keywords: heterogenous Toeplitz, FDI, LFP, GLM, Mixed method.
Recommended Citation
Mensah, Richard Essel, "Macroeconomic Factors influencing foreign Direct investment in Some Selected Countries in Africa" (2023). Graduate Research Theses & Dissertations. 7165.
https://huskiecommons.lib.niu.edu/allgraduate-thesesdissertations/7165
Extent
56 pages
Language
eng
Publisher
Northern Illinois University
Rights Statement
In Copyright
Rights Statement 2
NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.
Media Type
Text
