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Infrastructures et flux de capitaux privés vers les pays en développement

Kinda, Tidiane (2008): Infrastructures et flux de capitaux privés vers les pays en développement. Published in: Revue Economique , Vol. 59, No. 3 (2008): pp. 537-549.

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Abstract

This paper shows the relevance of physical infrastructure and financial development for developing countries attractiveness to private capital (Foreign Direct Investments -FDI- and portfolio investments). Contrary to other studies, this analysis is based on “push-pull factors” and the “Lucas paradox” theoretical approaches, and takes into account the relationship between components of capital flows. The analysis also highlights the importance of non-linearity effects when assessing the role of infrastructure for capital inflows and the specificity of Sub-Saharan African countries compared to other developing countries.

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