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ISSN:2454-4116

International Journal of New Technology and Research

Impact Factor 3.953

(An ISO 9001:2008 Certified Online Journal)
India | Germany | France | Japan

Determinants of Foreign Direct Investment in Six West African Countries 1990-2017

( Volume 6 Issue 4,April 2020 ) OPEN ACCESS
Author(s):

Cookey Boma, Okorie Stanley

Keywords:

Eclectic Theory, Foreign Direct Investment, Multinational Corporation, Panel Data, Resources Rent.

Abstract:

The aim of the study is to identify factor destemming the flows of foreign direct investment in six west African countries. The study adoptedpaneldata regressionmodel analysis techniques using secondary data. Estimates from the Random Effect Model shows that the major determinants of foreign direct investment flows in the West African countries are market size, resources rent, institutional quality, infrastructure, and trade openness of the economy.  Based on these findings, it was therefore recommended that government of the west African countries should invest more in infrastructure development, build effective and efficient institutionsto attract more foreign direct investment.

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