Asiedu, Elizabeth; Jin, Yi; Kalonda-Kanyama, Isaac - Department of Economics, University of Kansas - 2012
We employ panel data from 40 countries in sub-Saharan Africa over the period 1990-2008 to examine whether HIV/AIDS has a causal effect on FDI. We find that HIV/AIDS has a negative but diminishing effect on FDI, and this adverse effect occurs even when the HIV prevalent rate is as low as 0.1...