Determinants of foreign direct investment flows to developing countries: a cross-sectional analysis

Autor:	Mahmut Masca, Erdal Demirhan
Rok vydání:	2008
Předmět:	Economics and Econometrics Labour economics Variables media_common.quotation_subject Developing country Foreign direct investment Gross domestic product Tax rate Econometric model Negative sign Per capita Econometrics Economics health care economics and organizations Finance media_common
Zdroj:	Prague Economic Papers. 17:356-369
ISSN:	2336-730X 1210-0455
Popis:	The aim of this paper is to explore, by estimating a cross-sectional econometric model, the determining factors of foreign direct investment (FDI) inflows in developing countries over the period of 2000-2004. The study is based on a sample of cross-sectional data on 38 developing countries. We have used average value of all data for the 2000-2004 period. In the models, dependent variable is FDI. Independent variables are growth rate of per capita GDP, inflation rate, telephone main lines per 1,000 people measured in logs, labour cost per worker in manufacturing industry measured in logs, degree of openness, risk and corporate top tax rate. According to the econometric results, in the main model, growth rate of per capita, telephone main lines and degree of openness have positive sign and are statistically significant. Inflation rate and tax rate present negative sign and are statistically significant. Labour cost has positive sign and risk has negative sign. However, both are not significant.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::2e4be11e2dc82faa4ba4b0c7290ed671 https://doi.org/10.18267/j.pep.337 Zobrazit plný text záznamu