Tax incentives, ease of doing business and inflows of FDI in Africa: Does governance matter?

Apart from the corporate tax rates, ease of doing business (EDB) index accounts for cross-country or regional differences in inflows foreign direct investment (FDI) as established literature. However, this study contends that institutional quality indicators are critical to complement role EDB attracting desired FDI into Africa. For empirical evidence, performs governance indicators-related step-wise system-GMM estimations effect tax, un-interacted EDB, and interplay between on net using data 2015 2019 50 African countries. The findings show rate un-interactive have significant negative effects Africa short- long runs. In contrast, such control corruption, political stability, regulatory quality, rule law, government effectiveness exert positive Africa, albeit not generally significant. Tus, attract FDI, inter-alia calls strict assurance