Relationship between Institutional Factors and FDI Flows in Developing Countries: New Evidence from Dynamic Panel Estimation
| Autor: | A. Yasemin Yalta, Zühal Kurul |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Economics
Econometrics and Finance (miscellaneous) Developing country Foreign direct investment Development P48 dynamic panel estimation D73 0502 economics and business ddc:330 Economics institutions Endogeneity 050207 economics Estimation 050208 finance lcsh:HB71-74 05 social sciences lcsh:Economics as a science developing countries International economics foreign direct investment (FDI) flows Financial crisis F21 C23 Institutional quality |
| Zdroj: | Economies; Volume 5; Issue 2; Pages: 17 Economies, Vol 5, Iss 2, p 17 (2017) |
| ISSN: | 2227-7099 |
| Popis: | In this paper, we revisit the relation between institutional factors and foreign direct investment (FDI) inflows in developing countries by employing a dynamic panel methodology, which enables us to deal with the persistency of FDI flows and endogeneity issues. We also contribute to the literature by using various measures of institutions to identify which aspects of institutional quality affect FDI in the developing world. Our empirical findings based on 113 developing countries over the period 2002–2012 show evidence that some institutional factors matter more than others in attracting more FDI flows. We also found that the financial crisis in 2008 and 2009 had a negative impact on FDI flows. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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