Browsing by Author "Black, Philip A."

Now showing 1 - 2 of 2
  • Thumbnail Image
    Item
    Foreign direct investment and governance: an empirical evidence from Sub-Saharan Africa
    (University of the Western Cape, 2004) Habtemariam, Tedros Redie; Black, Philip A.; Dept. of Economics; Faculty of Economics and Management Sciences
    This thesis employed a panel data of 36 countries from sub-Saharan Africa over the period 1996-2000 to examine the impact of governance on foreign direct investment flows. Within the governance variable there are six sub-indices which are the rule of law, political stability, control of corruption, voice and accountability, government effectiveness, and regulatory quality. The estimates show that political stability, regulatory quality and accountability have a positive impact on foreign direct investment, while corruption, government ineffectiveness, and lack of rule of law do not affect foreign direct investment. The conclusion drawn from this research was that besides market size, trade openness, human capital, macroeconomic stability and physical infrastructure, governance plays a great role in attracting foreign direct investment into the sub-region.
  • Thumbnail Image
    Item
    The impact of privatisation on firm efficiency, labor market and budget of government: case of Eritrea
    (University of the Western Cape, 2004) Debessay, Robel Netsereab; Black, Philip A.; Dept. of Economics; Faculty of Economics and Management Sciences
    Privatization has become a central feature of the economic policies of nations in the developed and developing world. Eritrea has also embarked on a privatisation program for the state-owned enterprises. It privatised 39 manufacturing enterprises from 1997-2001 in the hope that the enterprises might be restructured into more efficient, profitable, competent and value creating private enterprises. This thesis assessed the impact of privatisation on the operating efficiency, profitability, employment, wages and tax payment of the Eritrean newly privatised manufacturing enterprises.