TITLE:
Determinants of Foreign Direct Investment Inflows to ECOWAS Member Countries: Panel Data Modelling and Estimation
AUTHORS:
Malick Sane
KEYWORDS:
Foreign Direct Investments, Panel Data, ECOWAS
JOURNAL NAME:
Modern Economy,
Vol.7 No.12,
November
29,
2016
ABSTRACT: This article aims to investigate the explanatory factors of FDI attractiveness in the
Economic Community of West African States (ECOWAS) through panel data modelling
and estimation over the period 1985-2015. The findings show that stabilization
of the macroeconomic environment, government consumption expenditures, domestic
credit to the private sector, interest rate, gross fixed capital formation, exchange
rate, economic freedom index, as well as natural resources and market size
are the main FDI driving factors in ECOWAS.