المستخلص: |
The purpose of this study is to prove whether the business environment is within the determinants of FDI in African countries over the period of (2000-2018). The study analyses the issue based on the autoregressive distributed lag (ARDL) using annual data for Mauritius, Rwanda, and Morocco. These countries rank first in Doing Business practices. The business environment variables have been determined according to the previous studies which consist of GDP per capita, inflation rate, interest rate and exchange rate. The empirical results revealed that GDP per capita, the exchange rate and the interest rate was reversed with FDI, For Rwanda, the impact of GDP per capita was negative on the FDI, while the other variables had a reverse effect. Concerning Morocco, GDP per capita has a positive effect other than the inflation rate and the insignificant exchange rate, as well as the neglected effect of the interest rate on FDI.
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