000129465 001__ 129465
000129465 005__ 20240731103308.0
000129465 0247_ $$2doi$$a10.1177/09750878231209921
000129465 0248_ $$2sideral$$a135815
000129465 037__ $$aART-2023-135815
000129465 041__ $$aeng
000129465 100__ $$aWang, Dongni
000129465 245__ $$aForeign Aid, Political Power and FDI: Do Aid-dependent Institutions Facilitate Investment in Africa?
000129465 260__ $$c2023
000129465 5060_ $$aAccess copy available to the general public$$fUnrestricted
000129465 5203_ $$aIn this article, we examine the nexus between foreign development assistance and the attraction of foreign direct investment (FDI) through a de facto political power, as an aid-seeking and likely aid-dependent group. We apply structural equation modelling to investigate the direct and indirect effect of aid on FDI via economic institutions for a sample of 42 African countries from 2002 to 2016. Our results corroborate a direct positive effect of aid and institutions on FDI as a productive financial source. However, an aid-dependent de facto political power does not improve the economic institutions, and within a broad institutional context, it may even worsen them, evidencing the indirect effect of reducing a country’s attractiveness for FDI. This study offers robust evidence under different specifications and variables of institutions in addition to several controls for political and strategic interests and economic conditions. We ultimately develop a model explaining why aid barely makes any contribution to institutional reforms. In countries that are heavily dependent on aid, the beneficiary group is discouraged from improving institutional qualities as the source of benefits would be discontinued.
000129465 536__ $$9info:eu-repo/grantAgreement/ES/DGA/Grupo Investigación SEIM
000129465 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
000129465 592__ $$a0.217$$b2023
000129465 593__ $$aHistory$$c2023$$dQ1
000129465 593__ $$aPolitical Science and International Relations$$c2023$$dQ3
000129465 593__ $$aDevelopment$$c2023$$dQ3
000129465 594__ $$a1.8$$b2023
000129465 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion
000129465 700__ $$0(orcid)0000-0002-9076-3743$$aFillat-Castejón, Carmen$$uUniversidad de Zaragoza
000129465 7102_ $$14014$$2225$$aUniversidad de Zaragoza$$bDpto. Economía Aplicada$$cÁrea Economía Aplicada
000129465 773__ $$g16, 1 (2023), 46-72$$tInsight on Africa$$x0976-3465
000129465 8564_ $$s799984$$uhttps://zaguan.unizar.es/record/129465/files/texto_completo.pdf$$yPostprint
000129465 8564_ $$s1240265$$uhttps://zaguan.unizar.es/record/129465/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint
000129465 909CO $$ooai:zaguan.unizar.es:129465$$particulos$$pdriver
000129465 951__ $$a2024-07-31-09:38:39
000129465 980__ $$aARTICLE