Tsoukis, C, Chanegriha, M and Stewart, CJ (2016) Identifying the robust economic, geographical and political determinants of FDI: an Extreme Bounds Analysis. Empirical Economics: a quarterly journal of the Institute for Advanced Studies, Vienna, 52 (2). pp. 759-776. ISSN 1435-8921

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Abstract

Understanding what determines Foreign Direct Investment (FDI) inflows remains a primary concern of economists and policy makers; yet the uncertainty surrounding FDI theories and empirical approaches has created ambiguity regarding the determinants of FDI. This paper applies Extreme Bounds Analysis to identify the robust determinants of FDI using panel data covering 168 countries from 1970 to 2006. We consider 58 potential economic, geographic and political determinants and find that almost one-third are robust, including: openness, education, government spending, corporate tax rate, infrastructure, experience of conflict, democratic governance, natural resources, geographic location, number of borders, coastal location and language.

Item Type: Article
Additional Information: This is the author's accepted version of a paper published within Empirical Economics. The final publication is available via the Springer website at http://link.springer.com/article/10.1007/s00181-016-1097-1
Uncontrolled Keywords: Foreign Direct Investment, Extreme Bounds Analysis, Panel data Economic, geographic and political determinants
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Humanities and Social Sciences > Keele Management School
Depositing User: Symplectic
Date Deposited: 16 May 2016 10:56
Last Modified: 20 Jun 2018 15:40
URI: http://eprints.keele.ac.uk/id/eprint/1720

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