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• W123313304 abstract "This study examined the locational determinants of FDI inflows in Swaziland over the period of 1980 to 2001. The study uses the cointegration and error correction model (ECM) to identify factors influencing FDI inflows. The study revealed that 76% of the variation in FDI is explained by economic openness to foreign trade, infrastructure, internal and external economic stability as well as size and attractiveness of the domestic market of the previous year. FDI inflows is positively influenced by economic stability (p < 0.05), infrastructure (p < 0.01), internal economic stability (p < 0.01), and openness of the economy (p < 0.05), but, negatively influenced by attractiveness of the domestic market, and the size of the domestic market (p < 0.10 and p < 0.01 respectively). The study identified some policy implications which require effective measures. First, policies geared towards more economic openness to foreign trade are required. Secondly, there is a need for the government to continue upgrading the infrastructure and to drive towards successful completion of capital projects like the roads, and factory shells and other infrastructure like sikhuphe airport. On external economic stability a sound macroeconomic stability is advocated intertwined with a flexible and stable exchange rate system is needed to attract FDI. Lastly, the government is advised to formulate policies advocating for the consumption of locally produced goods and services so that the country, while it has a very small consumer base, would have a strong and supportive local market, thus attracting more FDI inflows in to the country." @default.
• W123313304 created "2016-06-24" @default.
• W123313304 creator A5074681408 @default.
• W123313304 creator A5091316130 @default.
• W123313304 date "2009-01-01" @default.
• W123313304 modified "2023-09-27" @default.
• W123313304 title "Determinants of foreign direct investment inflows in Swaziland" @default.
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