This study examines the impact of financial institution development on the absorption of foreign direct investment in Africa. With a sample study including 32 African economies for the period 1980-2018, the paper apply the PMG, MG and DFE estimators, an unprecedent accomplishment of this research is that it provides a deep understanding of the influence of financial development on foreign direct investment both in the short and long term in five regions of the continent. The empirical result suggest that positive and significant impact are found in the long-term in regions while in the short-run no significant impact is found.
Financial institution development, foreign direct investment, pmg, mg, dfe
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