%0 Journal Article
%T Natural Resource Endowments and Foreign Direct Investment Flows in Sub-Saharan African Countries
%A Julien Ghislain Mouanda Makonda
%A Olga Euphrasie Akylangongo Ngakala
%J Modern Economy
%P 154-173
%@ 2152-7261
%D 2021
%I Scientific Research Publishing
%R 10.4236/me.2021.121008
%X The objective of this paper is to analyze the
effects of natural resource endowment on Foreign Direct Investment (FDI)
inflows in Sub-Saharan African countries. The data cover the period of
1996-2019 and are extracted from UNCTAD and World Bank databases (<a href=\"#ref43\"><span style=\"font-family:Verdana;\">WDI, 2019</span></a><span style=\"font-family:Verdana;\">; </span><a href=\"#ref44\"><span style=\"font-family:Verdana;\">WGI, 2019</span></a><span style=\"font-family:Verdana;\">). A dynamic model with individual effects is estimated in four
partially homogeneous panels using the one-step generalized method of moments.
The results obtained show that </span><span style=\"font-family:Verdana;\">1</span><span style=\"font-family:Verdana;\">)
forest resources have a beneficial but negligible effect on FDI inflows in
Sub-Saharan Africa; </span><span style=\"font-family:Verdana;\">2</span><span style=\"font-family:Verdana;\">) oil
and mining resources have significant and negligible adverse effects on FDI
inflows in Central Africa and West Africa, respectively; and </span><span style=\"font-family:Verdana;\">3</span><span style=\"font-family:;\" \"=\"\"><span style=\"font-family:Verdana;\">) oil and mining
resources, in contrast, have significant and negligible positive effects on FDI
inflows in Southern Africa and East Africa, respe</span><span style=\"font-family:Verdana;\">ctively. Regarding the development of the forestry industry in Sub</span><span style=\"font-family:Verdana;\">-</span></span><span style=\"font-family:Verdana;\">Saharan Africa, the
strengthening of political stability and control of corruption in Central and
West Africa and the strengthening of corruption control in Southern and East
Africa are the main economic policy implications.</span>
%K Foreign Direct Investment
%K Natural Resource
%K Sub-Saharan Africa
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=106974