Forgine Direct Investment

FDI and Financial Market Development in Africa* Isaac OTCHERE, PhD Sprott schooltime of trade 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, restoration and Real Estate Faculty of Business Administration Laval University, Quebec (QC), Canada echo: (1) 418-656-2131 Ext. 4298 Fax: (1) 418-656-2624 netmail: issouf.soumare@fsa.ulaval.ca Pierre YOUROUGOU, PhD Department of Finance Whitman bulge out 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 shoal of focussing 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 spherical Development Finance Conference in Cape town (South Africa) and 2011 Global Finance Conference in Bangkok (Thailand). We lack to acknowledge the financial support received from the Fonds Québécois de la Recherche sur la Société et la cultivation (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 Financial Market Development in Africa Abstract The education literature on the race ring by foreign direct investment (FDI), financial commercialise development (FMD) and economic growth focuses mainly on ii aspects: the race between FDI and economic growth and the role vie by FMD in that linkage. The literature is almost silent on the relationship and causality direction be! tween...If you want to get a bountiful essay, order it on our website: BestEssayCheap.com

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