Juma, Mary-Ann--Thesis

Contents
1 Introduction .................................................................................................... 1
1.1 Outline ................................................................................................. 3
2 Brief overview of FDI in Sub-Saharan Africa ............................................. 4
3 Literature review ............................................................................................ 9
3.1 Does FDI lead to growth? ................................................................... 9
3.2 FDI in Africa ..................................................................................... 12
3.3 Endogeneity ...................................................................................... 14
4 Theoretical framework ................................................................................. 15
4.1 Why should FDI affect growth?........................................................ 15
4.2 FDI-growth equation ......................................................................... 18
4.3 Testable hypotheses .......................................................................... 19
5 Data ................................................................................................................ 20
6 Econometric model ....................................................................................... 24
7 Results and discussion .................................................................................. 26
7.1 Benchmark results ............................................................................. 27
7.2 Varying Samples/Robustness ............................................................ 29
8 Conclusion ..................................................................................................... 40
9 References ...................................................................................................... 42