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Journal of African Economies Advance Access originally published online on January 16, 2009
Journal of African Economies 2009 18(4):667-709; doi:10.1093/jae/ejn028
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© The author 2009. Published by Oxford University Press on behalf of the Centre for the Study of African Economies. All rights reserved. For permissions, please email: journals.permissions@oxfordjournals.org

Public Governance, Health and Foreign Direct Investment in Sub-Saharan Africa

Céline Azémar and Rodolphe Desbordes*

University of Glasgow, University of Strathclyde

*  Corresponding author. Department of Economics, Sir William Duncan Building, University of Strathclyde, 130 Rottenrow, Glasgow G4 0GE, UK. Telephone: +44 1415483961. E-mail: rodolphe.desbordes{at}strath.ac.uk

Using 1985–2004 yearly panel data for 70 developing countries, including 28 from Sub-Saharan Africa (SSA), the paper finds that once market size is accounted for, SSA's foreign direct investment (FDI) deficit with other regions of the world is mainly explained by the insufficient provision of public goods: relatively low human capital accumulation, in terms of education and health in SSA. On the basis of additional cross-sectional data, the paper finds that in the absence of HIV and malaria, net FDI inflows in the median SSA country could have been one-third higher during 2000–2004, with slightly more than one-half of this deficit explained by malaria.

JEL classification: F23, H11, H41


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