Determinants of Foreign Direct Investment in Developing Countries: A Panel Data Analysis

Determinants of Foreign Direct Investment in Developing Countries: A Panel Data Analysis


  • Journal title: Asian Economic and Financial Review
  • ISSN: 2305-2147 (print) 2222-6737 (online)
  • Publisher: Aess
  • Country of publisher: pakistan
  • Date added to EuroPub: 2017/May/11

Subject and more

  • LCC Subject Category: Finance and Financial Services, Economics
  • Publisher's keywords: Developing Countries, FDI Inflows, Panel data Analysis, Determinants of FDI
  • Language of fulltext: english
  • Full-text formats available: PDF
  • Time From Submission to Publication: 8


    Behrooz Shahmoradi| Faculty Member of Department of Economics, Sciences and Researches Branch, Islamic Azad University, Kurdistan, Iran, Mostafa Baghbanyan| Faculty member of Islamic Azad University, Sanandaj branch


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The aim of this paper is to explore, by estimating a panel data econometric model, thedetermining factors of foreign direct investment (FDI) inflows in developing countriesover the period of 1990-2007. The study is based on a sample of panel data on 25developing countries. In the model, dependent variable is FDI inflows. Independentvariables are FDI outflows, GDP, BOP, population, openness of the economy, mobile,internet, technology, ODA and labor. According to the econometric results, in themain model, openness of the economy, market size, availability of labour force, ODA,mobile, technology and internet have positive effects on FDI inflows in developingcountries.

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