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Understanding How Foreign Direct Investments Impacts Urbanization in Africa
International Economics Pub Date : 2020-12-01 , DOI: 10.1016/j.inteco.2020.07.002
Carl Grekou , Ferdinand Owoundi

Abstract This paper investigates the relationship between FDIs inflows and urbanization in Africa. To improve on the existing literature, we look beyond the conventional definition of urbanization based only on the number of people living in urban areas. Our broader approach includes both the amount of CO2 emissions in urban areas and the value addition of services. Relying on a large sample of African countries, we find FDIs inflows to have significantly influenced the momentum of urbanization on the continent, irrespective of the proxy for urbanization. Resource-seeking FDIs seems to be more responsible for this phenomenon than the market-seeking ones, implying that FDIs are detrimental to the environment, especially when the quality of institutions is low. These results suggest that African governments should enhance smart, sustainable policies to attract more market-seeking FDI while mitigating detrimental effects on the environment.

中文翻译:

了解外国直接投资如何影响非洲的城市化

摘要本文研究了非洲的外国直接投资流入与城市化之间的关系。为了改进现有文献,我们仅根据居住在城市地区的人口数量,超越了传统的城市化定义。我们更广泛的方法包括城市地区的二氧化碳排放量和服务的增值。依靠大量非洲国家的样本,我们发现外国直接投资的流入对非洲大陆城市化的势头产生了重大影响,而与城市化的影响无关。寻求资源的外国直接投资似乎比寻求市场的外国直接投资对这种现象负责,这意味着外国直接投资对环境有害,特别是在机构质量低下的时候。这些结果表明,非洲各国政府应增强智慧,
更新日期:2020-12-01
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