Journal ArticleDOI
Analyses of FDI determinants in developing countries
Recep Kök,Bernur Acikgoz Ersoy +1 more
TLDR
In this paper, the best determinants of foreign direct investment (FDI) in developing countries were investigated, and the interaction of FDI with some FDI determinants had a strong positive effect on economic progress.Abstract:
Purpose – The purpose of this paper is to investigate the best determinants of foreign direct investment (FDI) in developing countries.Design/methodology/approach – This paper investigates whether FDI determinants affect FDI based on both a panel of data (FMOLS‐fully modified OLS) and cross‐section SUR (seemingly unrelated regression) for 24 developing countries, over the period 1983‐2005 for FMOLS and 1976‐2005 for cross‐section SUR.Findings – The interaction of FDI with some FDI determinants have a strong positive effect on economic progress in developing countries, while the interaction of FDI with the total debt service/GDP and inflation have a negative impact. The most important determinant of FDI is the communication variable.Research limitations/implications – The limitations of the study are based on the development of data set which could be found uninterrupted for 30 years in 24 developing countries.Originality/value – The main objective of this study is to define the main FDI determinants that ...read more
Citations
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Journal ArticleDOI
Determinants of FDI in developed and developing countries: a quantitative analysis using GMM
Neha Saini,Monica Singhania +1 more
TL;DR: In this paper, the potential determinants of FDI, in developed and developing countries, were investigated based on panel data analysis using static and dynamic modeling for 20 countries (11 developed and 9 developing), over the period 2004-2013.
Journal ArticleDOI
Determinants of foreign direct investment in developing countries: a panel data study
Reenu Kumari,Anil K. Sharma +1 more
TL;DR: In this paper, the authors identify key determinants of foreign direct investment (FDI) inflows in developing countries by using unbalanced panel data set pertaining to the years 1990-2012.
Journal ArticleDOI
Role of human capital and foreign direct investment in promoting economic growth
TL;DR: In this paper, the authors validate the Endogenous Growth Model by examining the impacts of Human Capital (HK) and Foreign Direct Investment (FDI) on economic growth in ten countries from Commonwealth of Independent States (CIS).
Journal ArticleDOI
Macroeconomic uncertainty, foreign direct investment and institutional quality: Evidence from Sub-Saharan Africa
TL;DR: In this paper, the authors examined how institutional quality moderated the relationship between macroeconomic volatility and foreign direct investment (FDI) in 40 countries in the Sub-Saharan African region over the period from 1996 to 2011.
Journal ArticleDOI
The Impact of Infrastructure on Foreign Direct Investment: The Case of Pakistan
Muhammad Ilyas,Muhammad Akram +1 more
TL;DR: In this paper, the authors analyzed the role of infrastructure for and in ascertaining captivations of foreign direct investment (FDI) in Pakistan and revealed a strong positive impact of infrastructure in attracting FDI in short and in long run in case of Pakistan.
References
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TL;DR: In this paper, a model of long run growth is proposed and examples of possible growth patterns are given. But the model does not consider the long run of the economy and does not take into account the characteristics of interest and wage rates.
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Testing for unit roots in heterogeneous panels
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Journal ArticleDOI
Unit root tests in panel data: asymptotic and finite-sample properties
TL;DR: In this article, the authors consider pooling cross-section time series data for testing the unit root hypothesis, and they show that the power of the panel-based unit root test is dramatically higher, compared to performing a separate unit-root test for each individual time series.
Journal ArticleDOI
A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test
G. S. Maddala,Shaowen Wu +1 more
TL;DR: The Im-Pesaran-Shin (IPS) test as discussed by the authors relaxes the restrictive assumption of the LL test and is best viewed as a test for summarizing the evidence from independent tests of the sample hypothesis.
Posted Content
A sensitivity analysis of cross-country growth regressions
Robert A. Levine,David Renelt +1 more
TL;DR: In this article, the authors study whether the conclusions from existing studies are robust or fragile when small changes in the list of independent variables occur, and they find that although "policy"appears to be importantly related to growth, there is no strong independent relationship between growth and almost every existing policy indicator.