The Determinants of Foreign Direct Investment in Zambia
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Date
1997-06
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A.A.U
Abstract
This study tests the determinants of foreign direct Investment (FDI) in zambia and its
effects on the trade balance. The results suggest that natural resource endowment, foreign
debt overhang, domestic credit availability, the size of domestic market, and risk and
uncertainty in the investment environment are the most important macroeconomic
determinants of fDI in zambia. Furthermore, the resuits indicate that FDI promotes
exports and is import substituting in Zambia. Thus, attracting more inflows of FDI would
favovrably impact on Zambia's trade balance and the overall balance of payments.
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Keywords
Determinants of Foreign, Direct Investment, Zambia