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IFRS, FDI, economic growth and human development: The experience of Anglophone and Francophone African countries

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  • Akisik, Orhan
  • Gal, Graham
  • Mangaliso, Mzamo P.

Abstract

This study examines the relationships of IFRS, FDI, human development and economic growth in Anglophone and Francophone African countries between 1997 and 2017. We find that FDI, openness, schooling, and control of corruption have a positive effect of countries' decisions to adopt IFRS. The results also indicate that FDI has a positive impact on economic growth, and that this positive impact is enhanced by IFRS. Furthermore, we find that Anglophone and common law African countries adopt IFRS more than Francophone countries. Our analysis shows that FDI is positively related to decisions to adopt IFRS in both groups.

Suggested Citation

  • Akisik, Orhan & Gal, Graham & Mangaliso, Mzamo P., 2020. "IFRS, FDI, economic growth and human development: The experience of Anglophone and Francophone African countries," Emerging Markets Review, Elsevier, vol. 45(C).
    • Handle: RePEc:eee:ememar:v:45:y:2020:i:c:s1566014119305655
    DOI: 10.1016/j.ememar.2020.100725
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    14. Matthias Busse & José Luis Groizard, 2008. "Foreign Direct Investment, Regulations and Growth," The World Economy, Wiley Blackwell, vol. 31(7), pages 861-886, July.
    15. Seng Sothan, 2017. "Causality between foreign direct investment and economic growth for Cambodia," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1277860-127, January.
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    More about this item

    Keywords

    IFRS; FDI; Economic growth; Human development;
    All these keywords.

    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • F54 - International Economics - - International Relations, National Security, and International Political Economy - - - Colonialism; Imperialism; Postcolonialism
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

    Statistics

    Access and download statistics

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