
Replication package for: How Infrastructure and Institutions Condition the Growth Returns to FDI: Dynamic Panel Evidence from Emerging and Frontier Economies
This package contains all data, code, and supplementary materials required to replicate the empirical results reported in the manuscript. The study estimates Pooled Mean Group (PMG) models on a strongly balanced panel of 115 emerging and frontier economies across Sub-Saharan Africa, Latin America, and Asia over 1970–2023, examining how electricity access, logistics performance, and mobile telecommunications condition the growth returns to foreign direct investment. Robustness checks employ fixed-effects IV and System GMM specifications. Within SSA, a Francophone–Anglophone colonial-origin split exploits the CFA franc monetary arrangement as a quasi-natural experiment to recover institutional heterogeneity in FDI absorption.
JEL codes: F21, O11, O40, C33
Keywords: foreign direct investment; infrastructure; absorptive capacity; dynamic heterogeneous panels; economic growth; Sub-Saharan Africa