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研究生:麥杜立
研究生(外文):Abdoulie Manneh
論文名稱:評估影響直接對外投資在西非國家經濟共同體之因素
論文名稱(外文):Assessing the Key Determinants of Foreign Direct Investment in ECOWAS
指導教授:雷立芬雷立芬引用關係
指導教授(外文):Li-Fen Lei
口試委員:徐世勳施 正屏
口試委員(外文):Shih-Hsun HsuTony Shih
口試日期:2015-06-05
學位類別:碩士
校院名稱:國立臺灣大學
系所名稱:農業經濟學研究所
學門:農業科學學門
學類:農業經濟及推廣學類
論文種類:學術論文
論文出版年:2015
畢業學年度:103
語文別:英文
論文頁數:92
中文關鍵詞:外商直接投資貿易開放通貨膨脹西非國家經濟共同體面板數據模型.
外文關鍵詞:Foreign Direct InvestmentTrade opennessInfrastructureInflationECOWASPanel Data Model.
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This research is carried out to examine the key determinants of foreign direct investment inflow in
ECOWAS. Secondary panel data consist of a sample of 15 ECOWAS member countries covering
the periods from 2000 to 2013. The required data set for the selected countries were obtained from
World Bank database and United Nation Conference of Trade and Development (UNCTAD). The
estimation techniques conducted in this paper are: fixed effect, random effect and generalised least
square (GLS) estimation. The Hausman test results chose fixed effect over random effect.
On the basis of the empirical outcomes, it is therefore important to conclude that the key
determinants of FDI inflows in the ECOWAS region that are Infrastructure, Trade openness,
Inflation, political instability/violence and good governance. All are positively related to FDI
inflows except political instability/violence which is negatively related to FDI. Suggested policies
would be, first of all, the region should put great attention on the high quality infrastructure system,
and quality communication system. The region should also institute as well as improve on
governance structure under which FDI thrives.

ABSTRACT ii
DEDICATION iii
LIST OF TABLES vii
LIST OF FIGURES viii
CHAPTER I: INTRODUCTION 1
1.1 Background and Motivation of the Study 1
1.2 Objective of the Study 6
CHAPTER II: OVERVIEW OF THE ECONOMIC STATUS OF ECOWAS 8
2.1 Real GDP Growth in Developed and Developing Countries 8
2.2 Real GDP growth rate in ECOWAS and Other REC 9
2.3 Economic Status of Benin 10
2.4 Economic Status of Burkina Faso 12
2.5 Economic Status of Cabo Verde 14
2.6 Economic Status of Côte d’Ivoire 15
2.7 Economic Status of Gambia 17
2.8 Economic Status of Ghana 18
2.9 Economic Status of Guinea 20
2.10 Economic Status of Guinea Bissau 21
2.11 Economic Status of Liberia 22
2.12 Economic Status of Mali 24
2.13 Economic Status of Niger 25
2.14 Economic Status of Nigeria 26
2.15 Economic Status of Senegal 28
2.16 Economic Status of Sierra Leone 29
2.17 Economic Status of Togo 30
CHAPTER III: LITERATURE REVIEW 32
3.1 Theoretical Background of Foreign Direct Investment 32
3.2 Sectorial Determinants of Foreign Direct Investment Inflows 40
3.3 Host Country Determinants of Foreign Direct Investment Inflows 42
CHAPTER IV: THEORETICAL MODEL AND ESTIMATION TECHNIQUES 53
4.1 Model Specification 53
4.2 Hypothesis 55
4.3 Estimation Techniques 58
CHAPTER V: DATA AND EMPIRICAL RESULTS 64
5.1 Data 64
5.2 Summary Statistics 66
5.3 Results from Fixed and Radom Effect Estimation 66
5.4 The Results from Generalised Lease Square Estimation 71
CHAPTER VI: CONCLUSION 75
BIBLIOGRAPHY 80
APPENDIX: STATA OUTPUT 88


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