The Composition of Foreign Capital Stocks in South Africa: The Role of Institutions, Domestic Risk and Neighbourhood Effects

Farayi Gwenhamo and Johannes Fedderke

No 163, Working Papers from Economic Research Southern Africa

Abstract: This paper investigates the determinants of the absolute volumes and composition of foreign capital stocks in South Africa, focusing on the role played by institutional quality (property rights), domestic risk and neighbourhood effects as potential determinants. The empirical findings show that secure property rights and low risk in the host country positively affect the absolute […]

JEL-codes: F21 (search for similar items in EconPapers)
Date: 2010-03-01
New Economics Papers: this item is included in nep-afr, nep-dev and nep-ifn
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Citations: View citations in EconPapers (1)

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Journal Article: The composition of foreign capital stocks in South Africa: The role of institutions, domestic risk and neighbourhood effects (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:rza:wpaper:163

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