Effect of Impossible Trinity on Investment in Developing Countries: Evidence from Africa

Yves Claude, Nshimiyimana and Theogene, Habimana (2022) Effect of Impossible Trinity on Investment in Developing Countries: Evidence from Africa. International Journal on Economics, Finance and Sustainable Development, 4 (9). pp. 49-66. ISSN 2620-6269

Text Effect of Impossible Trinity on Investment in Developing Countries Evidence from Africa.pdf Download (446kB)

Abstract

We are concerned about which selections from the Trilemma Index will affect investments in developing countries. We use the empirical method to examine Africa's Trilemma Index and investment. Using ordinary least squares and two-level least squares estimators with a dataset covering 39 African countries over an extended period of 30 years, we suggest that the impact of the Trilemma Index on investments in Africa is still a major challenge is to control. The main reason is that most African countries do not have well-developed monetary policies and autonomy and rely on foreign direct investment (FDI). On the other hand, they do not have enough capacity to control exchange rate stability. The endogeneity tests support our results.

Item Type:	Article
Subjects:	L Education > L Education (General)
Divisions:	Postgraduate > Master's of Islamic Education
Depositing User:	Journal Editor
Date Deposited:	21 Sep 2022 22:14
Last Modified:	21 Sep 2022 22:14
URI:	http://eprints.umsida.ac.id/id/eprint/10373

Actions (login required)

View Item