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The causal link between foreign direct investment and domestic savings in ZambiaMulenga, Majorie Chalwe 04 1900 (has links)
Thesis (MDF)--Stellenbosch University, 2015. / ENGLISH ABSTRACT: This study examined the causal relationship between foreign direct investment and domestic
savings in Zambia. Data over the period 1970–2012 was extracted from the World Development
Indicator and Global Economic Monitor Databases (2014). The study employed the Johansen cointegration
approach to establish the long-standing relationship between domestic savings and
foreign direct investment. In addition, the Granger causality test was also carried out to examine the
causal relationship between foreign direct investment and gross domestic savings. The results
suggest that although foreign direct investment inflow can lead to domestic savings growth in the
short run, in the long run it would substitute domestic savings. This implies that the effect of the
increased inflows of foreign direct investment experienced in the recent past may in the long run hurt
domestic savings growth in Zambia. Policy makers should therefore improve the governance
mechanism for the use and monitoring of foreign direct investment inflows in Zambia and promote
diversification away from mining, the main economic activity that accounts for more than 60 percent
of direct foreign investment in Zambia. / AFRIKAANSE OPSOMMING: Hierdie studie het ondersoek ingestel na die oorsaaklikheidsverwantskap tussen direkte buitelandse
belegging en binnelandse besparing in Zambië. Data vir die tydperk 1970 tot 2012 is uit die
Wêreldbank se databasisse World Development Indicators en Global Economic Monitor (2014)
bekom. Die studie het die Johansen-benadering van ko-integrasie gevolg om die lank bestaande
verwantskap tussen binnelandse besparing en direkte buitelandse belegging te bepaal.
Daarbenewens is die Granger-oorsaaklikheidstoets uitgevoer om die oorsaaklikheidsverwantskap
tussen direkte buitelandse belegging en bruto binnelandse besparing te ondersoek. Die resultate dui
daarop dat hoewel die invloeiing van direkte buitelandse belegging binnelandse besparing op kort
termyn ’n hupstoot sal gee, dit binnelandse besparing op lang termyn sal vervang. Dít impliseer dat
die verhoogde direkte buitelandse belegging wat in die onlangse verlede ondervind is, op lang
termyn ’n skadelike uitwerking op groei in binnelandse besparing in Zambië kan hê. Beleidsvormers
behoort dus die beheermeganisme vir die aanwending en monitering van direkte buitelandse
belegging in Zambië te verbeter en diversifikasie aan te moedig weg van mynbou, die vernaamste
ekonomiese aktiwiteit in die land wat tans vir meer as 60% van alle direkte buitelandse belegging in
Zambië sorg.
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A history of policy signals and market responses in Zambia's relationship with foreign capitalBarton, Stuart John January 2016 (has links)
No description available.
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Foreign direct investment through privatisation of state-owned enterprises : a comparative analysis of South Africa and ZambiaMasindi, Ntungufhadzeni Austin 12 1900 (has links)
Thesis (MA)--Stellenbosch University, 2000. / ENGLISH ABSTRACT: This assignment seeks to explore the role of privatisation in attracting foreign
direct investment (FDI) to South Africa and Zambia. In doing this, literature
review method based on primary and secondary documentary sources have
been utilised. In order to attract FDI, the study revealed that it is necessary to
get the policy environment right. Creating an investor-friendly environment
which promises good return on investment in line with the international
"regulatory" framework - the World Bank's International Finance Corporation
(IFC) and Multilateral Investment Guarantee Agency (MIGA) and the World
Association of Investment Promotion Agencies (WAIPA) requirements - is
therefore significantly important.
The World Bank regards Zambia's privatisation programme as the model for
Africa. South Africa finds itself in a contradictory position. On the one hand it
is the leading economic power in Africa, while on the other hand it still lags
behind in terms of restructuring its parastatals. Privatisation programme in
South Africa has been very slow. However, the government and other
stakeholders, particularly in 1997, have been trying to get privatisation off the
ground.
The conclusion is that both South Africa and Zambia succeeded in attracting
FDI through their processes of privatisation. In both countries major FDI
inflows have been an outcome of privatisation. FDI is important for creating
employment, debt reduction, empowerment, transfer of technology and
managerial skills. However, these countries follow different approaches to
privatisation. Due to the slow privatisation pace in South Africa, it is
recommended that South Africa learn from Zambia's approach and
experience. This would enable South Africa to fully explore some of the
benefits of privatisation. / AFRIKAANSE OPSOMMING: Hierdie opdrag ondersoek die rol van privatisering in die trek van direkte
buitelandse beleggings (DBB) in Suid-Afrika en Zambie. Ten einde hierdie
doelstelling te kon bereik is 'n literere oorsig van primere en sekondere
bronne gedoen. Hierdie studie het bevind dat 'n gunstige beleidsomgewing
DBB sal trek. Die skep van 'n beleggings-vriendelike omgewing wat goeie
dividende beloof en in Iyn is met die internasionale "regulerende" raamwerk -
die Wereldbank se International Finance Corporation (IFC), Multilateral
Investment Guarantee Agency (MIGA) en World Association of Investment
Promotion Agencies (WAIPA) - se vereistes is van kardinale belang.
Die Wereld Bank beskou Zambie se privatiseringsprogram as die model
program vir Afrika. Suid-Afrika bevind haarself in 'n teenstrydige posisie. Aan
die een kant is sy Afrika se voorste ekonomiese moondheid, en aan die
anderkant is die programme om haar staatsondernemings te herstruktureer
nog in hul kinderskoene. Privatiseringsprogramme in Suid Afrika het tot
dusver baie stadig verloop. In 1997 het die regering en ander
belanghebbende partye egter privatisering van die grond af probeer kry.
Die konklusie is dat beide Suid-Afrika en Zambie daarin geslaag het om DBB
te lok met hul privatiseringsprogramme. In beide lande was groot DBB die
uitkoms van privatisering. DBB is belangrik om werk te skep, skuld
vereffening, bemagtiging, en die oordrag van tegnologie en
bestuursvaardighede. Hierdie lande volg egter verskillende benaderings tot
die privatiseringsproses. Vanwee die stadige privatiseringsproses in Suid
Afrika word die voorstel gemaak dat Suid-Afrika by Zambie leer in hul
benadering en ervaring. Dit sal Suid-Afrika toelaat om al die voordele van
privatisering te ontdek.
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