Forgine Direct Investment

FDI and Financial Market Development in Africa* Isaac OTCHERE, PhD Sprott schooltime of vocation Carleton University, Ottawa (ON), Canada cry: (1) 613 520-2600 Ext. 2731 Fax: (1) 613 520-4427 email: isaac_otchere@carleton.ca Issouf SOUMARÉ, PhD (Corresponding author) Department of Finance, redress and Real Estate Faculty of Business Administration Laval University, Quebec (QC), Canada shout out: (1) 418-656-2131 Ext. 4298 Fax: (1) 418-656-2624 telecommunicate: issouf.soumare@fsa.ulaval.ca Pierre YOUROUGOU, PhD Department of Finance Whitman pop of attention Syracuse University, Syracuse, NY, USA Phone: (1) 315 443-8027 Fax : (1) 315 442-1449 Email: pyouroug@syr.edu This version: October 2011 This paper was partly finalized while Issouf Soumaré was visiting the Guanghua schoolhouse of worry at Peking University (Beijing, China). Soumaré would like to thank Professors Li Liu and Longkai Zhao and all the other members of the Department of Finance of the Guanghua School of Management for their hospitality. We thank Yao D. NSougan for valuable research assistance. We thank Sirimon Treepongkaruna and seminar participants at the 2010 planetary Development Finance Conference in Cape town (South Africa) and 2011 Global Finance Conference in Bangkok (Thailand).

We pretermit to acknowledge the financial support received from the Fonds Québécois de la Recherche sur la Société et la agribusiness (FQRSC), the Institut de Finance Mathématique de Montreal (IFM2) and the Social Sciences and Humanities Research Council of Canada (SSHRC). sole(prenominal) errors are the authors sole responsibility. * FDI and Finan! cial Market Development in Africa Abstract The education literature on the race surround by foreign direct investment (FDI), financial foodstuff development (FMD) and economic growth focuses mainly on 2 aspects: the race between FDI and economic growth and the role contend by FMD in that linkage. The literature is almost silent on the relationship and causality direction between...If you want to get a bountiful essay, order it on our website: BestEssayCheap.com

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