[ Investissements Directs Etrangers et industrialisation de l’Afrique ]
Volume 21, Issue 3, October 2017, Pages 477–491
Islem KRIAA1, Ridha ETTBIB2, and Zied AKROUT3
1 Etudiante mastère de recherche en finance et développement économique, Université de SFAX, URECA, Institut Supérieur d’Administration des Affaires de Sfax, Tunisia
2 Assistant en méthodes quantitatives, Université de Sfax, MODILS, Institut Supérieur d’administration des Affaires de Sfax, Tunisia
3 Université de SFAX, URECA, Institut Supérieur d’Administration des Affaires de Sfax, Tunisia
Original language: French
Copyright © 2017 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
This article studies the relationship between the foreign direct investment (FDI) and the industrialization. It examines the impact of the FDI on industrial performances in a sample comprising thirty nine African countries within the period extending from 1980 til 2015. The estimation technique hinges upon the generalized method of moments along with instrumentation of variables based on dynamic panel data. On the one hand, the results of different estimations proved that the FDI does not contribute to the industrialization of Africa. Contrarily, the latter has a positive and significant impact on added value by manufacturing integrating interaction variables. On the other hand, the FDI contribute significantly to the amelioration of the added value in the industrial sector. The positive and significant effect characterizes the five African regions in a distinct manner. This disparity is essentially due to the availability of natural resources and the difference in inter-regional economical and political structures. Based on the aforementioned results, it is advisable that African countries reinforce the FDI in favor of industrialization in order to assure an adequate structural transformation of the continent.
Author Keywords: foreign direct investment, industrialization, Africa.
Volume 21, Issue 3, October 2017, Pages 477–491
Islem KRIAA1, Ridha ETTBIB2, and Zied AKROUT3
1 Etudiante mastère de recherche en finance et développement économique, Université de SFAX, URECA, Institut Supérieur d’Administration des Affaires de Sfax, Tunisia
2 Assistant en méthodes quantitatives, Université de Sfax, MODILS, Institut Supérieur d’administration des Affaires de Sfax, Tunisia
3 Université de SFAX, URECA, Institut Supérieur d’Administration des Affaires de Sfax, Tunisia
Original language: French
Copyright © 2017 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
This article studies the relationship between the foreign direct investment (FDI) and the industrialization. It examines the impact of the FDI on industrial performances in a sample comprising thirty nine African countries within the period extending from 1980 til 2015. The estimation technique hinges upon the generalized method of moments along with instrumentation of variables based on dynamic panel data. On the one hand, the results of different estimations proved that the FDI does not contribute to the industrialization of Africa. Contrarily, the latter has a positive and significant impact on added value by manufacturing integrating interaction variables. On the other hand, the FDI contribute significantly to the amelioration of the added value in the industrial sector. The positive and significant effect characterizes the five African regions in a distinct manner. This disparity is essentially due to the availability of natural resources and the difference in inter-regional economical and political structures. Based on the aforementioned results, it is advisable that African countries reinforce the FDI in favor of industrialization in order to assure an adequate structural transformation of the continent.
Author Keywords: foreign direct investment, industrialization, Africa.
Abstract: (french)
Cet article propose une étude de la relation entre les Investissements Directs Etrangers (IDE) et l’industrialisation. Il examine l’impact des IDE sur les performances industrielles pour un échantillon de trente neuf pays africains sur la période 1980-2015. La technique d’estimation repose sur la méthode des moments généralisés avec instrumentations des variables basée sur des données de Panel dynamique. Les résultats d’estimation montrent d’une part, que les IDE ne contribuent pas à l’industrialisation de l’Afrique en considérant la variable d’intérêt (IDE) et les variables de contrôles. En revanche, ces derniers ont un impact positif et significatif sur la valeur ajoutée manufacturière en intégrant les variables d’interactions. D’autre part, les IDE contribuent de manière significative à l’amélioration de la valeur ajoutée du secteur industriel. L’effet positif et significatif caractérise les cinq régions africaines, mais d’une manière distincte. Cette disparité est due, essentiellement, à la disponibilité des ressources naturelles et à la différence des structures économiques et politiques interrégionales. A partir des ces résultats, il convient aux pays africains de renforcer les IDE en faveur de l’industrialisation de l’Afrique afin d’assurer une transformation structurelle adéquate du contient.
Author Keywords: Investissements Directs Etrangers, industrialisation, Afrique.
How to Cite this Article
Islem KRIAA, Ridha ETTBIB, and Zied AKROUT, “Foreign direct investment and industrialization of Africa,” International Journal of Innovation and Applied Studies, vol. 21, no. 3, pp. 477–491, October 2017.
