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- W2065118922 abstract "Purpose The purpose of this paper is to assess the relationship between South Africa's foreign direct investment (FDI) and economic fundamentals at the municipal level. Design/methodology/approach The paper develops a data set and an econometric model to analyze FDI flows at the municipal level in South Africa. Findings The empirical results derived from municipal level data support the findings in some of the established literature (which for the most part uses country‐level data) and indicates: that FDI tends to flow to areas with high factor (capital, labour and land) productivity; and that increases in higher labour productivity lead to higher investment. Research limitations/implications This paper has used a cross‐section of municipalities. A further area of research would be to carry out a similar exercise with panel data. Practical implications These findings indicate that FDI flows can be considered at the municipal level and this justifies the need for careful selection of the geographic basis for economic policy and development planning. Originality/value Whereas most studies on FDI use country‐level data as standard geographic units of analysis, this paper analyzes FDI flows at the municipal level." @default.
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- W2065118922 date "2008-10-31" @default.
- W2065118922 modified "2023-09-27" @default.
- W2065118922 title "A model of foreign direct investment flows at the municipal level in South Africa" @default.
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- W2065118922 doi "https://doi.org/10.1108/17465660810920582" @default.
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