182
Views
2
CrossRef citations to date
0
Altmetric
Articles

Exchange Rate Regimes and Foreign Direct Investment Flow in West African Monetary Zone (WAMZ)

Pages 85-99 | Received 20 Feb 2019, Accepted 16 Sep 2019, Published online: 25 Sep 2019

References

  • Abbott, A., Cushman, D. O., & De Vita, G. (2012). Exchange rate regimes and foreign direct investment inflows to developing countries. Review of International Economics, 20(1), 95–107.
  • Adams, S. (2009). Can foreign direct investment help to promote growth in Africa. African Journal of Business Management, 3(5), 178–183.
  • Aizenman, J. (1992). Exchange rate flexibility, volatility and the patterns of domestic and foreign direct investment. National Bureau of Economic Research (NBER) Working Paper Series No. 3953. https://www.nber.org/papers/w3953.
  • Anderson, T. W., & Hsiao, C. (1981). Estimation of dynamic models with error components. Journal of the American Statistical Association, 76, 598–606.
  • Anyanwu, J. C., & Yameogo, N. D. (2015). What drives foreign direct investment into West Africa? An empirical investigation. African Development Review, 27(3), 199–215.
  • Asiedu, E. (2006). Foreign direct investment in Africa: The role of natural resources, market size, government policy, institutions and political instability. The World Economy, 29(1), 63–77.
  • Asiedu, E., & Lien, D. (2004). Capital controls and foreign direct investment. World Development, 32(3), 479–490.
  • Azam, J. (1999). Dollars for sale: Exchange rate policy and inflation in Africa. World Development, 27(10), 1843–1859.
  • Bailey, M. J., & Tavlas, G. S. (1991). Exchange rate variability and direct investment. The Annals of the American Academy of Political and Social Sciences, 516, 106–116.
  • Benassy-Quere, A., Fontagne, F., & Lahreche-Revil, A. (2001). Exchange rate strategies in the competition for attracting foreign direct investment. Journal of the Japanese and International Economics, 15(2), 178–198.
  • Blomstrom, M., & Kokko, A. (1997). Regional Integration and Foreign Direct Investment, NBER Working Papers 6019. National Bureau of Economic Research, Inc. Retrieved from https://www.nber.org/papers/w6019.
  • Bollerslev, T. (1986). Generalized autoregressive conditional heteroskedasticity. Journal of Econometrics, 31, 307–327.
  • Brzozowski, M. (2006). Exchange rate variability and FDI: Consequences of EMU enlargement. Eastern European Economics, 44(1), 5–24.
  • Busse, M., Hefeker, C., & Nelgen, S. (2010). Foreign direct investment and exchange rate regimes (Joint Discussion Paper Series in Economics, Paper No. 15–2010). Marburg: University of Marburg. Retrieved from www.uni-marburg.de/…/15-2010_busse.pdf.
  • Calvo, G. A., Leiderman, L., & Reinhart, C. M. (1996). Inflow of capital to developing countries in the 1990s. Journal of Economic Perspectives, 10(2), 123–139.
  • Chakrabarti, R., & Scholnick, B. (2002). Exchange rate expectations and FDI inflows. Weltwirtschaftliches Archive Bd, 138(H.1), 1–21.
  • Cushman, D. O., & De Vita, G. (2017). Exchange rate regimes and FDI in developing countries: A propensity score matching approach. Journal of International Money and Finance, 77, 143–163.
  • Dunning, J. H. (1977). Trade, location of economic activity and the MNE: A search for an eclectic approach. In B. Ohlin, & P. O. Hesselborn (Eds.), The international allocation of economic activity (pp. 395–419). London: Macmillan.
  • Fedderke, J. W., & Romm, A. T. (2006). Growth impact and determinants of foreign direct investment in South Africa, 1956–2003. Economic Modeling, 23, 738–760.
  • Fernández-Arias, E. (1996). The new wave of capital inflows: Push or pull? Journal of Development Economics, 48, 389–418.
  • Fernández-Arias, E., & Montiel, P. J. (1996). The surge in capital inflows to developing countries: An analytical overview. The World Bank Economic Review, 10(1), 51–77.
  • Funke, N., & Nsouli, S. M. (2003). The new partnership for Africa’s development (NEPAD): Opportunities and challenges. Washington, DC: IMF Working Paper No. 03/69.
  • Goldberg, L. S., & Kolstad, C. D. (1995). Foreign direct investment, exchange rate variability and demand uncertainty. International Economic Review, 36(4), 855–873.
  • International Monetary Fund. (2012). Annual report on exchange Arrangements and exchange restrictions. Washington, DC: IMF online.
  • International Monetary Fund. (2014). Annual report on exchange arrangements and exchange restrictions. Washington, DC: IMF online.
  • Jensen, N. M. (2003). Democratic governance and multinational corporations: Political regimes and inflow of foreign direct investment. International Organizations, 57(3), 587–616.
  • Kiyota, K., & Urata, S. (2004). Exchange rate, exchange rate volatility and FDI. The World Economy, 27, 1501–1536.
  • Ning, Y., & Reed, M. R. (1995). Location determinants of the US direct foreign investment in food and kindred products. Agribusiness: An International Journal, 11, 77–85.
  • Nyako, P. A., Nketiah-Amponsah, E., & Barnor, C. (2011). Effects of exchange rate regimes on foreign direct investment inflows in Ghana. International Journal of Economics and Finance, 3(3), 277–286.
  • Ogunleye, E. K. (2009). Exchange rate volatility and foreign direct investment in Sub-Saharan Africa: Evidence from Nigeria and South Africa’. In A. Adenikiju, A. Busari, & S. Olofin (Eds.), Applied Econometrics and Macroeconometric Modelling in Nigeria (pp. 26–41). Ibadan: Ibadan University Press.
  • Reinhart, C. M., & Rogoff, K. S. (2004). The modern history of exchange rate arrangements: A reinterpretation. Quarterly Journal of Economics, 119, 1–48.
  • Russ, K. N. (2012). Exchange rate volatility and first-time entry by multinational firms. Review of World Economics, 148, 269–295.
  • Schiavo, S. (2007). Common currencies and FDI inflow. Oxford Economic Papers. New Series, 59(3), 536–560.
  • Schmidt, C. W., & Broll, U. (2009). Real exchange rate uncertainty and US foreign direct investment: An empirical analysis. Review of World Economy, 145, 513–530.
  • Sung, H., & Lapan, H. E. (2000). Strategic foreign direct investment and exchange rate uncertainty. International Economic Review, 41(2), 411–423.
  • Tsai, P. (1994). Determinants of foreign direct investment and its impact on growth. Journal of Economic Development, 19, 137–163.
  • Udoh, E., & Egwaikhide, F. O. (2008). Exchange rate volatility, inflation uncertainty and FDI in Nigeria. Botswana Journal of Economics, 5(7), 14–31.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.