Determinants Of Foreign Direct Investment In African Countries: An Analysis Through Geographically Weighted Regression

Resumo

Foreign Direct Investment (FDI) is all monetary input from abroad, applied in the domestic productive structure of a country, which tends to have a direct impact on its economic growth. In this context, the objective of this article is to analyze the determinants of foreign direct investment in 53 African countries during the period from 1996 to 2016. For this, the Geographically Weighted Regression (GWR) was used. The main results show that the size of the market and natural resources are determinant for the attraction of FDI in all countries, while the importance of regulatory quality and macroeconomic stability have different impacts among the countries analyzed. Finally, education was not statistically significant.