This article analyzes through a panel data analysis covering the period 1994 to\n2016, the effects of the 2008 financial crisis on the determinants of Foreign\nDirect Investment in the West African Economic and Monetary Union\n(WAEMU). From the analysis, it turns out that this crisis has strongly impacted\nFDIâ??s determinants in the union. In fact, as consequence, it created a\nmuch more infatuation of resource-seeking investors in spite of market-\nseeking investors. This result shows that those countries can still attract\ninvestors even in time of crisis if they have tremendous natural resources,\nwhich makes the protection of these resources very important. In addition,\nwe can notice that after the crisis, the stability in the region became an important\ndecisional variable for foreign investors. That points out the importance\nof promoting a good political governance. Furthermore, the study has\nalso shown that the financial crisis has been a stepping corner for the emergence\nof a third type of investors in the region (efficiency seeking investors).
Loading....