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Theoretical and Applied Economics
No. 12 / 2014 (601)

How can Africa attract different forms of capital flow: theoretical perspectives

Nyankomo MARWA
University of Stellenbosch Business School, South Africa

Abstract. This paper explores the capital flow landscape in Sub Saharan Africa and other regions and reviews the capital flow theory and its allocation puzzle. The different mechanisms in which the volume and structure of capital flow can be increased are discussed. It concludes by presenting a modified theoretical model to guide the policy makers’ decisions process in designing pro-growth incentive mechanism to attract more capital to region.

Keywords: Capital Allocation Puzzle, Capital flow, Sub Saharan Africa.

Contents

1

Data mining of transactional data for sales of dairy products

Julian VASILEV

2

Research on the evolution of controlling tasks and their delimitation from audit tasks

Costantin ROMAN · Aureliana-Geta ROMAN · Elena MEIER · Mihaela MOCANU

3

Franchise’s place within sustainable development matrix: an Institutional Economics approach

Ion POHOAŢĂ · Oana-Ramona SOCOLIUC

4

Sensory experience – between the tourist and the marketer

Mihail-Cristian DIŢOIU · Aurelia-Felicia STĂNCIOIU · Nicolae TEODORESCU · Lucian-Florin ONIŞOR · Anamaria-Cătălina RADU

5

Covering the social costs of market failure – the unsub of the value added

Teodora I. DINU · Cătălin D. DUMITRICĂ

6

Determinants of capital structure: comparison of empirical evidence for the use of different estimators

Aviral Kumar TIWARI · Raveesh KRISHNANKUTTY

7

How can Africa attract different forms of capital flow: theoretical perspectives

Nyankomo MARWA

8

Legal and Practical Aspects of the Associations between the City of Bucharest and the Large Territorial Collectivities – Actuality and Perspective

Cezar Corneliu MANDA · Cristina Elena NICOLESCU

9

Psychological biases and the capital structure decisions: a literature review

Tekin BILGEHAN

10

The Role of “After School” Units in Romania’s Rural Areas

Mihai PĂUNICĂ · Adrian ANICA-POPA

11

Is Cash Conversion Cycles Optimum in Turkish Listed Food-Beverage Firms?

Filiz KONUK · Feyyaz ZEREN

12

Comparative analysis of the financial discount rate and of the net present value of a public investment project throughout its life

Bogdan Ioan COJOCEA