Infrastructures et flux de capitaux privés vers les pays en développement

Infrastructure and private capital flows in developing countries

MPRA Paper from University Library of Munich, Germany

Abstract: This paper shows the relevance of physical infrastructure and financial development for developing countries attractiveness to private capital (Foreign Direct Investments -FDI- and portfolio investments). Contrary to other studies, this analysis is based on “push-pull factors” and the “Lucas paradox” theoretical approaches, and takes into account the relationship between components of capital flows. The analysis also highlights the importance of non-linearity effects when assessing the role of infrastructure for capital inflows and the specificity of Sub-Saharan African countries compared to other developing countries.

Keywords: Foreign Direct Investment; Portfolio Investment; Physical Infrastructures; Financial Development; 3SLS (search for similar items in EconPapers)
JEL-codes: F21 F32 F41 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (10)

Published in Revue Economique 3.59(2008): pp. 537-549

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Related works:
Journal Article: Infrastructures et flux de capitaux privés vers les pays en développement (2008)
Working Paper: Infrastructures et flux de capitaux privés vers les pays en développement (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:19158

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