This paper uses annual aggregate data for 46 developing countries covering the period 1996–2009 to investigate if FDI crowds out domestic private investment and if alternative elements of governance have differing effects on the relationship between FDI and private investment. Results suggest...

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For sub-Saharan African countries with few evident opportunities to diversify export earnings away from primary commodities, tourism has emerged as an option to contribute to economic growth. This study uses input-output analysis to estimate the economic impact of tourism and assesses its...