Determinants of Foreign Direct Investments into the Southern African Development Community Region: The case of financial sector development, institutional quality and financial openness
- Authors: Makalima, Sisonke
- Date: 2022-03
- Subjects: Investments, Foreign -- Africa , International finance , Monetary policy
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/21954 , vital:51855
- Description: The SADC region is a 15-member states grouping. Countries in the region have experienced low growth coupled with high levels of poverty and inequality. Attracting FDI to the region has been top priority. However, much is still to be realised. The study employed the Generalised Method of Moments (GMM) technique for the period 1980 to 2019. Empirical results show that financial sector development and financial openness are important determinants of foreign direct investment (FDI) inflows. The results also showed that institutional quality is also a very important variable in determining the inflow of FDI, even though its effect is conditional on financial sector development and financial openness. These results imply that countries with good institutional framework, as well as a developed financial sector and are financially open tend to attract more capital inflows in the form of FDI, thereby creating adequate conditions to boost private sector and investment abroad. Countries in the SADC region should therefore pursue policies which are aimed at improving the institutional framework, the level of financial sector development and further enhance the openness of their financial openness. , Thesis (MCom,) -- Faculty of Management and Commerce, 2022
- Full Text:
- Authors: Makalima, Sisonke
- Date: 2022-03
- Subjects: Investments, Foreign -- Africa , International finance , Monetary policy
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/21954 , vital:51855
- Description: The SADC region is a 15-member states grouping. Countries in the region have experienced low growth coupled with high levels of poverty and inequality. Attracting FDI to the region has been top priority. However, much is still to be realised. The study employed the Generalised Method of Moments (GMM) technique for the period 1980 to 2019. Empirical results show that financial sector development and financial openness are important determinants of foreign direct investment (FDI) inflows. The results also showed that institutional quality is also a very important variable in determining the inflow of FDI, even though its effect is conditional on financial sector development and financial openness. These results imply that countries with good institutional framework, as well as a developed financial sector and are financially open tend to attract more capital inflows in the form of FDI, thereby creating adequate conditions to boost private sector and investment abroad. Countries in the SADC region should therefore pursue policies which are aimed at improving the institutional framework, the level of financial sector development and further enhance the openness of their financial openness. , Thesis (MCom,) -- Faculty of Management and Commerce, 2022
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Monetary policy, inflation, unemployment and the Phillips curve in South Africa
- Authors: Chicheke, Aaron
- Date: 2009
- Subjects: Monetary policy , Inflation (Finance) , Economic policy -- Mathematical models , Unemployment -- South Africa , Phillips curve
- Language: English
- Type: Thesis , Masters , M Com
- Identifier: vital:11453 , http://hdl.handle.net/10353/d1001202 , Monetary policy , Inflation (Finance) , Economic policy -- Mathematical models , Unemployment -- South Africa , Phillips curve
- Description: Inflation and unemployment are perhaps the two most important challenges that face the South African economy of today. Firstly, the study examines the relationship between monetary policy and the two economic fundamentals (inflation and unemployment), using the VEC modeling technique. The model regresses the monetary policy variable against inflation and unemployment growth over the period 1980-2008. The results suggest that (1) there is a long run relationship between inflation and unemployment (2) monetary policy reacts more to variations in inflation compared to variations in unemployment. Secondly, the relationship between inflation and unemployment as explained by the Phillips curve is investigated. The results show that there is a positive relationship between inflation and unemployment.
- Full Text:
- Authors: Chicheke, Aaron
- Date: 2009
- Subjects: Monetary policy , Inflation (Finance) , Economic policy -- Mathematical models , Unemployment -- South Africa , Phillips curve
- Language: English
- Type: Thesis , Masters , M Com
- Identifier: vital:11453 , http://hdl.handle.net/10353/d1001202 , Monetary policy , Inflation (Finance) , Economic policy -- Mathematical models , Unemployment -- South Africa , Phillips curve
- Description: Inflation and unemployment are perhaps the two most important challenges that face the South African economy of today. Firstly, the study examines the relationship between monetary policy and the two economic fundamentals (inflation and unemployment), using the VEC modeling technique. The model regresses the monetary policy variable against inflation and unemployment growth over the period 1980-2008. The results suggest that (1) there is a long run relationship between inflation and unemployment (2) monetary policy reacts more to variations in inflation compared to variations in unemployment. Secondly, the relationship between inflation and unemployment as explained by the Phillips curve is investigated. The results show that there is a positive relationship between inflation and unemployment.
- Full Text:
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