Political Risk, Macroeconomic Uncertainty, and the Patterns of Foreign Direct Investment

Autor:	Isabel Ruiz, Blen Solomon
Rok vydání:	2012
Předmět:	Exchange rate Latin Americans Political risk Economics Developing country Foreign exchange International economics Foreign direct investment Business and International Management Discount points General Economics Econometrics and Finance Differential impact
Zdroj:	The International Trade Journal. 26:181-198
ISSN:	1521-0545 0885-3908
DOI:	10.1080/08853908.2012.657592
Popis:	While recent times have witnessed a surge of foreign direct investment (FDI) inflows into the developing world, these inflows remain below optimal levels. In this article, we use data on African, Asian, and Latin American economies to investigate the role of political risk and macroeconomic uncertainty—stemming from the foreign exchange market—as determinants of the patterns of FDI. Moreover, given the low share of FDI going into African economies, we place special attention on the differential impact of these variables on FDI flows into Africa. The results of this study point to the fact that, in general, political risk and exchange rate uncertainty reduce FDI. However, it is shown that the impact of political risk is more severe for FDI flowing into African economies.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::ea18a45666128308ec5edfdee3120027 https://doi.org/10.1080/08853908.2012.657592 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
Nepřihlášeným uživatelům se plný text nezobrazuje	K zobrazení výsledku je třeba se přihlásit.