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The Role of Transport Infrastructure in FDI: Evidence from Africa using GMM Estimates

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  • Jameel Khadaroo
  • Boopen Seetanah

Abstract

This paper analyses the role of infrastructure availability, particularly with respect to transportation, in determining the attractiveness of Foreign Direct Investment (FDI) inflows for the case of thirty-three African economies. Using both the static and dynamic panel data approach, available transportation is seen to have contributed to the relative attractiveness of the countries in our sample. Foreign direct investors are also sensitive of other measures of infrastructure, though to a lesser extent than to transportation. FDI flows to African economies are further confirmed to be resource-seeking as well as market-seeking. Interestingly, the study also establishes the presence of dynamism in FDI modelling. ? 2009 LSE and the University of Bath

Suggested Citation

  • Jameel Khadaroo & Boopen Seetanah, 2009. "The Role of Transport Infrastructure in FDI: Evidence from Africa using GMM Estimates," Journal of Transport Economics and Policy, University of Bath, vol. 43(3), pages 365-384, September.
    • Handle: RePEc:tpe:jtecpo:v:43:y:2009:i:3:p:365-384
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    Citations

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    Cited by:

    1. Esiyok, Bulent, 2011. "Determinants of foreign direct investment in Turkey: a panel study approach," MPRA Paper 36568, University Library of Munich, Germany.
    2. Kashif Munir & Mehwish Iftikhar, 2021. "Impact of Transport and Technological Infrastructure in Attracting FDI in Pakistan," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 93-106.
    3. Pradhan, Rudra P., 2019. "Investigating the causal relationship between transportation infrastructure, financial penetration and economic growth in G-20 countries," Research in Transportation Economics, Elsevier, vol. 78(C).
    4. Andrew R. Goetz, 2011. "The Global Economic Crisis, Investment in Transport Infrastructure, and Economic Development," Chapters, in: Kenneth Button & Aura Reggiani (ed.), Transportation and Economic Development Challenges, chapter 3, Edward Elgar Publishing.
    5. Plaxedes Gochero & Seetanah Boopen, 2020. "The effect of mining foreign direct investment inflow on the economic growth of Zimbabwe," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 9(1), pages 1-17, December.
    6. Morgan, Stephen & Farris, Jarrad & Johnson, Michael E., 2022. "Foreign Direct Investment in Africa: Recent Trends Leading up to the African Continental Free Trade Area (AfCFTA)," USDA Miscellaneous 329077, United States Department of Agriculture.
    7. Dell'Anno, Roberto & Strat, Vasile Alecsandru, 2018. "The potential of the EU economies in attracting FDI – A composite index based approach," MPRA Paper 93384, University Library of Munich, Germany.
    8. Bayissa Badada & G. Delina & Sun Baiqing & Ramaswamy Krishnaraj, 2023. "Economic Impact of Transport Infrastructure in Ethiopia: The Role of Foreign Direct Investment," SAGE Open, , vol. 13(1), pages 21582440231, March.
    9. Linh Tu Ho & Christopher Gan, 2021. "Foreign Direct Investment and World Pandemic Uncertainty Index: Do Health Pandemics Matter?," JRFM, MDPI, vol. 14(3), pages 1-15, March.
    10. Wang, Zhe & Jiang, Dianchun & Zhang, Ming, 2024. "Seeking new location advantages: Analysis of emerging digital cross-border M&As—Based on TIMG index," International Business Review, Elsevier, vol. 33(2).
    11. Victor, Kidake, 2018. "Infrastructure and Foreign Direct Investment in Kenya: A Time Series Analysis 1980-2015," MPRA Paper 98014, University Library of Munich, Germany.
    12. Jinxi Chen & Bowen Cai, 2024. "AIIB Investment and Economic Development of India: The Case of the Gujarat Road Project," JRFM, MDPI, vol. 17(2), pages 1-25, February.

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