Zubair, Zulaihatu and Abu Bakar, Nor'Aznin and Azam, Muhammad (2017) Direct Foreign Investment, Corruption and Mobile subscribers in ECOWAS - 5: A Panel Cointegration Approach. In: 2nd International Research Conference on Economics Business and Social Sciences, 11-12 July 2017, Park Royal Hotel Penang Malaysia.

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Abstract

It is widely contended that the quality of institution and infrastructure is a significant determinant of foreign direct investment (FDI). With the exception of few studies on corruption, however, empirical research on the link between infrastructure and FDI remain limited, particularly in the context of Economic Community of West African States (ECOWAS).This study aims to examine the linkage between infrastructure (mobile subscribers), corruption and FDI among selected five countries from ECOWAS namely Nigeria, Ghana, Togo, Senegal and Cote dlvoire with the use of panel techniques for the period of 1990-2015. The methodology carried out to achieve this objective involves the panel unit root, panel co-integration and fully modified ordinary least square (FMOLS).The result indicates that there is long run relationship among the series.Corruption and infrastructure are negatively significant on FDI at the long run in the selected ECOWAS countries. The empirical evidence indicates that feeble level of institution (corruption) and infrastructure (mobile subscribers) impedes foreign direct investment inflows in the selected ECOWAS countries.My results confirm that FDI enhancement, role of institution and infrastructure exist not only in the transition nation but also in ECOWAS-5 countries.

Item Type:	Conference or Workshop Item (Paper)
Additional Information:	ISSN-2523-1537 Cover and Layout: Sobia Nasir, Center for Sustainability Research and Consultancy Distributed by: School of Economics, Bahauddin Zakariya University Multan Pakistan (www.bzu.edu.pk) Center for Sustainability Research and Consultancy (www.globalcsrc.org) School of Economics Finance and Banking, Universiti Utara Malaysia (www.sefb.uum.edu.my)
Uncontrolled Keywords:	Foreign direct investment, ECOWAS, corruption, infrastructure
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	School of Business Management
Depositing User:	Mrs. Norazmilah Yaakub
Date Deposited:	26 Sep 2018 01:42
Last Modified:	26 Sep 2018 01:42
URI:	https://repo.uum.edu.my/id/eprint/24815

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