After one and a half years of preparation, Ukrainian personnel hiding deep inside Russia conducted an unprecedented attack with 117 drones which destroyed multiple bombers. The Security Service of Ukraine conducted an unprecedented attack with First Person View (FPV) drones against air bases deep inside Russia. Ukrainian President Volodymyr Zelenskyy defined this the “most long-range […]
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This paper examines the effect of public expenditure efficiency on FDI inflows, using data on a panel of 100 developing countries from 1990 to 2017. We find robust evidence that improvements in public expenditure efficiency significantly increase FDI inflows. This effect is complementary to institutional quality, per capita income and binding fiscal frameworks such as fiscal rules. Our findings highlight that, in addition to promoting the sustainability of public finances, the efficient use of public resources can exert significant positive spillover effects on the attractiveness of developing countries to foreign investors.
Adama Ouedraogo is a Ph.D. candidate at the University of Clermont-Auvergne and CERDI, in Clermont-Ferrand, France.
This paper examines the effect of public expenditure efficiency on FDI inflows, using data on a panel of 100 developing countries from 1990 to 2017. We find robust evidence that improvements in public expenditure efficiency significantly increase FDI inflows. This effect is complementary to institutional quality, per capita income and binding fiscal frameworks such as fiscal rules. Our findings highlight that, in addition to promoting the sustainability of public finances, the efficient use of public resources can exert significant positive spillover effects on the attractiveness of developing countries to foreign investors.
Adama Ouedraogo is a Ph.D. candidate at the University of Clermont-Auvergne and CERDI, in Clermont-Ferrand, France.
This paper examines the effect of public expenditure efficiency on FDI inflows, using data on a panel of 100 developing countries from 1990 to 2017. We find robust evidence that improvements in public expenditure efficiency significantly increase FDI inflows. This effect is complementary to institutional quality, per capita income and binding fiscal frameworks such as fiscal rules. Our findings highlight that, in addition to promoting the sustainability of public finances, the efficient use of public resources can exert significant positive spillover effects on the attractiveness of developing countries to foreign investors.
Adama Ouedraogo is a Ph.D. candidate at the University of Clermont-Auvergne and CERDI, in Clermont-Ferrand, France.