Diaspora Investment and Firm Export Performance in Sub-Saharan Africa

World Development, 59, p.422-433. DOI: 10.1016/j.worlddev.2014.02.006

Posted: 17 Jul 2014 Last revised: 21 Jul 2014

See all articles by Amadou Boly

Amadou Boly

African Development Bank

Nicola D. Coniglio

Università degli Studi di Bari “Aldo Moro” (UNIBA) - Department of Economics and Mathematical Methods

Francesco Prota

University of Bari - Department of Economics and Finance

Adnan Seric

United Nations Industrial Development Organization (UNIDO)

Date Written: 2014

Abstract

Diasporans can contribute to the development of their home countries by investing their capital in existing businesses and/or setting up new ventures in their countries-of-origin. This paper analyzes whether these growingly important investors differ from domestic firms and foreign investors in terms of export behavior. Our results indicate that diaspora firms are more likely to be exporters, to export more intensively and toward more destinations compared to domestic firms; in addition their export performance is not substantially dissimilar to that of MNEs. The presence of diaspora investors and entrepreneurs may contribute to boost the internationalization of developing countries.

Keywords: diaspora firms, export performance, foreign direct investment, Sub-Saharan Africa

Suggested Citation

Boly, Amadou and Coniglio, Nicola D. and Prota, Francesco and Seric, Adnan, Diaspora Investment and Firm Export Performance in Sub-Saharan Africa (2014). World Development, 59, p.422-433. DOI: 10.1016/j.worlddev.2014.02.006, Available at SSRN: https://ssrn.com/abstract=2466854

Amadou Boly (Contact Author)

African Development Bank ( email )

Rue Joseph Anoma
Abidjan, Ivory Coast 01 BP 1387
Ivory Coast (Cote D'ivoire)

Nicola D. Coniglio

Università degli Studi di Bari “Aldo Moro” (UNIBA) - Department of Economics and Mathematical Methods ( email )

Largo Abbey St. Scholastica
Bari, 70124
Italy

HOME PAGE: http://www.dse.uniba.it/Corsi/docenti/Coniglio/Nicola_paginaWeb.htm

Francesco Prota

University of Bari - Department of Economics and Finance ( email )

Largo Abbey St. Scholastica
Bari, 70124
Italy

HOME PAGE: http://www.uniba.it/docenti/prota-francesco

Adnan Seric

United Nations Industrial Development Organization (UNIDO) ( email )

Wagramer Strasse 5
P.O. Box 300
Vienna, A-1400
Austria

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