Foreign direct investment in Sub-Saharan Africa: the land-energy nexus

Titolo Rivista QA Rivista dell’Associazione Rossi-Doria
Autori/Curatori Giorgia Giovannetti, Elisa Ticci
Anno di pubblicazione 2013 Fascicolo 2013/2
Lingua Italiano Numero pagine 30 P. 57-86 Dimensione file 497 KB
DOI 10.3280/QU2013-002003
Il DOI è il codice a barre della proprietà intellettuale: per saperne di più clicca qui

Qui sotto puoi vedere in anteprima la prima pagina di questo articolo.

Se questo articolo ti interessa, lo puoi acquistare (e scaricare in formato pdf) seguendo le facili indicazioni per acquistare il download credit. Acquista Download Credits per scaricare questo Articolo in formato PDF

Anteprima articolo

FrancoAngeli è membro della Publishers International Linking Association, Inc (PILA)associazione indipendente e non profit per facilitare (attraverso i servizi tecnologici implementati da CrossRef.org) l’accesso degli studiosi ai contenuti digitali nelle pubblicazioni professionali e scientifiche

L’articolo studia i recenti andamenti degli investimenti diretti all’estero per acquisizioni di terra nell’Africa Sub-Sahariana (ASS), con particolare riferimento agli investimenti per biomasse da biocarburanti e confronta le caratteristiche di questi investimenti con le tendenze generali in altri settori e continenti. L’ASS, continente ricco di terra non coltivata e a buon prezzo, attira molte acquisizioni soprattutto legate a colture per biocarburanti; ma questo crescente interesse non è privo di rischi. Le nostre stime suggeriscono che l’interesse degli investitori esteri verso acquisizioni di terra legate al settore dei biocarburanti è guidato da obiettivi di resource-seeking in quanto l’abbondanza di terra e acqua e un livello basso di governance dei diritti della terra risultano determinanti significative di questi investimenti;

Keywords:IDE, Accaparramento di terre, Biocarburanti, Africa

  1. Friis C., Reenberg A. (2010), «Land Grab in Africa: Emerging land system drivers in a teleconnected world», GLP Report, 1, GLP-IPO, Copenhagen.
  2. Görgen M., Rudloff B., Simons J., Üllenberg A., Väth S., Wimmer L. (2009), Foreign Direct Investment (FDI) in Land in Developing Countries, Gesellschaft für Technische Zusammenarbeit (GTZ), Federal Ministry For Economic Cooperation and Development, Tyskland.
  3. GRAIN (2010), «Turning African Farmland Over to Big Business: The US’s Millennium Challenge Corporation», Seedling, April, pp. 2-11.
  4. Grether J.M, de Melo J. (2003), «Globalization and Dirty Industries: Do Pollution Havens Matter?», NBER Working Papers, 9776, National Bureau of Economic Research, Inc.
  5. GTZ (2009), Foreign Direct Investment (FDI) in Land in Developing Countries, Deutsche Gesellschaft für Technische Zusammenarbeit (GTZ), Eschborn.
  6. HLPE (2011), Land Tenure and International Investments in Agriculture. A Report by the High Level Panel of Experts on Food Security and Nutrition of the Committee on World Food Security, UN Committee on World Food Security (CFS), Rome.
  7. Kemeny T. (2010), «Does Foreign Direct Investment Drive Technological Upgrading?
  8. », World Development, 38, 11, pp. 1543-1554.
  9. Khadaroo B., Seetanah A.J. (2007), «Foreign Direct Investment and Growth: New Evidences from Sub-Saharan African Countries», Paper presented at the Centre for the Study of African Economies Conference on “Economic Development in Africa”, Oxford, 20 March.
  10. Lambert D. (1992), «Zero-inflated Poisson Regression, with an Application to defects
  11. in Manufacturing», Technometrics, 34, 1, pp.1-14.
  12. Lim E.G. (2001), «Determinants of, and the Relation Between, Foreign Direct Investment and Growth: A Summary of the Recent Literature», IMF Working Paper, 175, Washington, Dc.
  13. Mc Kinsey Global Institute (2010), Lions on the Move. The Progress and Potentials of African Economies, Mc Kinsey & Company, available on line: http://www. mckinsey. com/insights/africa/lions_on_the_move (last access: 13 April 2013).
  14. Mayer T., Zignago S. (2011), «Notes on CEPII’s Distances Measures (GeoDist)», CEPII Working Paper, 25.
  15. Narula R., Driffield N. (2012), «Does FDI Cause Development? The Ambiguity of the Evidence and Why it Matters», European Journal of Development Research, 24, pp. 1-7.
  16. Naudé W.A., Krugell W.F. (2007), «Investigating Geography and Institutions as Determinants of Foreign Direct Investment in Africa using Panel Data», Applied Economics, 39, 10-12, pp. 1223-34.
  17. Ndikumana L., Verick S. (2008), «The Linkages between FDI and Domestic Investment: Unravelling the Developmental Impact of Foreign Direct Investment in Sub-Saharan Africa», IZA Discussion Paper, 3296, Bonn, Germany.
  18. OECD and African Development Bank (2010), African Economic Outlook 2010, Paris.
  19. OECD, African Development Bank, United Nations Economic Commission for Africa, United Nations Programme Development (2011), African Economic Outlook 2011. Africa and its Emerging Partners, Paris.
  20. OPEC  Organization of the Petroleum Exporting Countries (2010), World Oil Outlook 2010, Vienna.
  21. Potts D. (2012), «Land Alienation Under Colonial and White Settler Governments in Southern Africa: Historical Land “Grabbing”», in Allan T., Keulertz M., Sojamo S., Warner J. (eds.), Handbooks of Land and Water Grabs in Africa, Routledge International, Abingdon and New York, pp. 24-42.
  22. Quer D., Claver E., Rienda L. (2012), «Political Risk, Cultural Distance, and Outward Foreign Direct Investment: Empirical Evidence from Large Chinese Firms», Asia Pacific Journal of Management, 29, 4, pp. 1089-1104.
  23. Razafimahefa I., Hamori S. (2005), «An Empirical Analysis of FDI Competitiveness in Sub-Saharan Africa and Developing Countries», Economics Bulletin, 6, pp. 1-8.
  24. Reiter S.L., Steensma H.K. (2010), «Human Development and Foreign Direct Investment in Developing Countries: The Influence of FDI Policy and Corruption», World Development, 38, 12, pp. 1678-1691.
  25. Rulli M.C., Saviori A., D’Odorico P. (2013), «Global Land and Water Grabbing», PNAS published ahead of print January 2. DOI: 10.1073/pnas.121316311
  26. Smaller C., Mann H. (2009), A Thirst for Distant Land. Foreign Investment in Agricultural Land and Water, International Institute for Sustainable Development (IISD), Manitoba, Canada.
  27. UNCTAD (2001), World Investment Report 2001, United Nations, New York and Geneva.
  28. UNCTAD (2011), World Investment Report 2011: Non-Equity Modes of International Production and Development, United Nations, New York and Geneva.
  29. UNCTAD (2012), World Investment Report 2012, United Nations, New York and Geneva.
  30. UNIDO (2011), Africa Investor Report 2011: Towards Evidence-Based Investment Promotion Strategies, UNIDO, Wien.
  31. van Hulten A., Webber M. (2010), «Do Developing Countries Need “Good” Institutions and Policies and Deep Financial Markets to Benefit from Capital Account Liberalization?», Journal of Economic Geography, 10, 2, pp. 283-319.
  32. von Braun J. (2008), Food and Financial Crises: Implications for Agriculture and the Poor, Food Policy Report, International Food Policy Research Institute, Washington, Dc.
  33. von Braun J., Meinzen-Dick R. (2009), «“Land grabbing” by Foreign Investors in Developing Countries: Risks and Opportunities», IFPRI Policy Brief, 13, International Food Policy Research Institute, Washington, Dc.
  34. Warnholz J.L. (2008), «Is Investment in Africa Low Despite High Profits?», CSAE Working Papers, 3.
  35. Wei S. (2000), «How Taxing is Corruption on International Investors?», Review of Economics and Statistics, 82, 1, pp. 1-11.
  36. Wooster R.B., Diebel D.S. (2010), «Productivity Spillovers from Foreign Direct Investment in Developing Countries: A Meta-Regression Analysis», Review of Development Economics, 14, s1, pp. 640-655.
  37. Woodhouse P., Ganho S. (2011), «Is Water the Hidden Agenda of Agricultural Land Acquisition in SSA», Paper Presented at the “International Conference on Global Land Grabbing” by the Land Deals Politics Initiative (LDPI), 6-8 April, University of Sussex.
  38. Zetland D., Möller-Gulland J. (2012), «The Political Economy of Land and Water Grabs» in Allan T., Keulertz M., Sojamo S., Warner J. (eds.), Handbooks of Land and Water Grabs in Africa, Routledge International, pp. 257-272.
  39. Alden Wily L. (2011), «The Law Is to Blame: The Vulnerable Status of Common Property Rights in Sub-Saharan Africa», Development and Change, 42, 3, pp. 733-757.
  40. Alfaro L., Chanda A., Kalemli-Ozcan S., Sayek S. (2004), «FDI and Economic Growth: The Role of Local Financial Markets», Journal of International Economics, 64, 1, pp. 89-112.
  41. Alfaro L., Kalemli-Ozcan S., Volosovych V. (2008), «Why Doesn’t Capital Flow from Rich to Poor Countries? An Empirical Investigation», Review of Economics and Statistics, 90, 2, pp. 347-368.
  42. Alguacil M., Cuadros A., Orts V. (2011), «Inward FDI and Growth: The Role of Macroeconomic and Institutional Environment», Journal of Policy Modeling, 33, 3, pp. 481-496.
  43. Allan T., Keulertz M., Sojamo S., Warner J. (2012), Handbooks of Land and Water Grabs in Africa, Routledge International.
  44. Allen F., Giovannetti G. (2011), «The Effects of the Financial Crisis on Sub-Saharan Africa», Review of Development Finance, 1, p. 1-28.
  45. Anseeuw W., Alden Wily L., Cotula L., Taylor M. (2012a), Land Rights and the Rush for Land: Findings of the Global Commercial Pressures on Land Research Project, ILC, Rome.
  46. Anseeuw W., Boche M., Breu T., Giger M., Lay J., Messerli P., Nolte K. (2012b), Transnational Land Deals for Agriculture in the Global South. Analytical Report based on the Land Matrix Database, CDE/CIRAD/GIGA, Bern/Montpellier/ Hamburg.
  47. Arezki R., Deininger K., Selod, H. (2011), «What Drives the Global “Land Rush”?», Policy Research Working Paper Series, 5864, The World Bank, Washington, Dc.
  48. Asiedu E. (2002), «On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different?», World Development, 30, 1, pp. 107-119.
  49. Aykut D., Sayek S. (2007), «The Role of the Sectoral Composition of Foreign Direct Investment on Growth», in Piscitello L., Santangelo G. (eds.), Do Multinationals Feed Local Development and Growth?, Elsevier, Amsterdam, pp. 33-64.
  50. Balasubramanyam V.N., Salisu M., Sapsford D. (1996), «Foreign Direct Investment and Growth in EP and IS Countries», Economic Journal, 106, pp. 92-105.
  51. Beck T., Maimbo S., Faye I., Triki T. (2011), Financing Africa Through the Crisis and Beyond, World Bank, Washington, Dc.
  52. Bénassy-Quéré A., Coupet M., Mayer T. (2007), «Institutional Determinants of Foreign Direct Investment», World Economy, 30, pp. 764-782.
  53. Bisson O. (2012), «Can Better Institutions Attract More Foreign Direct Investment (FDI)? Evidence from Developing Countries», International Research Journal of Finance and Economics, 82, pp. 142-158.
  54. Blomstrom M., Lipsey R.E., Zejan M. (1994), «What Explains Developing Country Growth», NBER Working Paper, 4132, Cambridge, Mass.
  55. Bonassi C., Giovannetti G., Ricchiuti G. (2006), «The Effects of FDI on Growth and Inequality», in Cornia G.A. (ed.), Pro Poor Macroeconomics  Potential and Limitations, Palgrave Macmillan, Houndmills Basingstoke Hampshire, pp. 119-143.
  56. Borensztein E., De Gregorio J., Lee J.W. (1998), «How Does Foreign Direct Investment Affect Economic Growth?», Journal of International Economics, 45, pp. 115-135.
  57. Buchanan B.G., Le Q.V., Rishi M. (2012), «Foreign Direct Investment and Institutional Quality: Some Empirical Evidence», International Review of Financial Analysis, 21, C, pp. 81-89.
  58. Burger M.J., van Oort F.G., Linders G.J.M. (2009), «On the Specification of the Gravity Model of Trade: Zeros, Excess Zeros and Zero-Inflated Estimation», Spatial Economic Analysis, 4, 2, pp. 167-190.
  59. Campolieti M. (2002), «The Recurrence of Occupational Injuries: Estimates from a Zero Inflated Count Model», Applied Economics Letters, 9, pp. 595-600.
  60. Castel V., Kamara A., (2009), «Foreign Investments in Africa’s Agricultural Land: Implications for Rural Sector Development and Poverty Reduction», African Development Bank, Development Research Brief, 2, Office of the Chief Economist, Tunis.
  61. Chakraborty C., Nunnenkamp P. (2008), «Economic Reforms, FDI, and Economic Growth», in India: A Sector Level Analysis, World Development, 36, 7, pp. 1192-1212.
  62. Cotula L., Dyer N., Vermeulen S. (2008), Fuelling Exclusion? The Biofuels Boom and Poor People’s Access To Land, IIED, London.
  63. Cotula, L., Vermeulen S., Leonard R., Keeley J. (2009), Land Grab or Development Opportunity. Agricultural Investment and International Land Deals in Africa, IIED, FAO & IFAD, London/Rome.
  64. Crombrugghe D., Farla F., Meisel N., de Neubourg C., Aoudia J.O., Szirmai A. (2009), «Institutional Profiles Database III, Presentation of the “Institutional Profiles Database 2009”», Les Cahiers de la DGTPE, 14.
  65. Cuervo-Cazurra A., Genc M. (2008), «Transforming Disadvantages into Advantages: Developing-Country MNEs in the Least Developed Countries», Journal of International Business Studies, 39, pp. 957-979.
  66. Deininger K. (2011), «Challenges Posed by the New Wave of Farmland Investments», The Journal of Peasant Sudies, 38, pp. 217-247.
  67. Deininger K., Byerlee D., Lindsay J., Norton A., Selod H., Stickler M. (2011), Rising Global Interest in Farmland. Can it Yield Sustainable and Equitable Benefits?, World Bank, Washington, Dc.
  68. Development Afrique (2009), Foreign Investment in African Agriculture: New Land Grab or Opportunity?, available on line: http://developmentafrique.com/ ?p=75 (last access: 2 April 2013).
  69. Doythc N., Uctum M. (2011), «Does the Worldwide Shift of FDI from Manufacturing to Services Accelerate Economic Growth? A GMM Estimation Study», Journal of International Money and Finance, 30, pp. 410-427.
  70. Egger P., Winner H. (2005), «Evidence on Corruption as an Incentive for Foreign Direct Investment», European Journal of Political Economy, 21, 1, pp. 932-952.
  71. Eregha P.B. (2011), «The Dynamic Linkages Between Foreign Direct Investment and Domestic Investment in ECOWAS Countries: A Panel Cointegration Analysis», African Development Review, 24, 3, pp. 208-220.
  72. Ernst & Young (2011), It Is Time for Africa. Africa attractiveness survey, available on line: http://www.ey.com/ZA/en/Issues/Business-environment/2011-Africaattractiveness-survey (last access: 4 April 2013).

  • Effectiveness of EU biofuels sustainability criteria in the context of land acquisitions in Africa Stefania Bracco, in Renewable and Sustainable Energy Reviews /2015 pp.130
    DOI: 10.1016/j.rser.2015.05.006

Giorgia Giovannetti, Elisa Ticci, Foreign direct investment in Sub-Saharan Africa: the land-energy nexus in "QA Rivista dell’Associazione Rossi-Doria" 2/2013, pp 57-86, DOI: 10.3280/QU2013-002003