Dissertations / Theses on the topic 'Foreign direct investment'
To see the other types of publications on this topic, follow the link: Foreign direct investment.
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 dissertations / theses for your research on the topic 'Foreign direct investment.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse dissertations / theses on a wide variety of disciplines and organise your bibliography correctly.
1
Farr, Fabian. "Determinants of foreign direct investment and foreign direct investment in agriculture in developing countries." Thesis, Kansas State University, 2017. http://hdl.handle.net/2097/36241.
Full textAbstract:
Master of AgribusinessDepartment of Agricultural Economics
Allen M. Featherstone
Understanding determinants of Foreign Direct Investment (FDI) and Agricultural Foreign Direct Investment (AGFDI) is vital to policy makers in developing countries. FDI is a source of capital for the host country that does not affect its debt balance. Even so, technological spillover, better infrastructure as well as an increase in value added and market access have been the source of motivation to increase efforts to attract FDI. As for AGFDI, ongoing uncertainty with the financial markets created a shift in private investment towards tangible assets, which favors AGFDI to developing countries. Nevertheless, investment in agriculture suffers from low commodity prices and increasing productivity loss that discourage FDI and AGFDI. Therefore, it is crucial for policy makers to understand the determinants of AGFDI to create an attractive environment for potential investors. We use country level panel data to estimate the impacts of country-level economic and social variables on FDI and AGFDI. The data consist of 22 developing countries. A subsample of 13 Latin American countries is also studied. Country and year fixed effects are used to isolate the impacts of the explanatory variables on FDI and AGFDI. The explanatory variables wer constructed to avoid contemporaneous endogeneity. FDI determinants are consistent with previous studies and confirm traditional variables such as economy size, infrastructure and trade openness encourage FDI. A new variable that measures energy imports as a share of total energy use was negative for both main samples of FDI. The results of the Latin American panel for AGFDI, were mostly consistent with FDI determinants. Infrastructure, energy imports and economy size, as well as forestland share and agricultural value-add were statistically significant for the amount of investment inflow and total flow respectively. Further analysis with larger samples is necessary to confirm findings. Also, social and environmental impacts of AGFDI should be included in future studies.
2
Forbes, Colin 1971. "Foreign direct investment in Venezuela." Thesis, McGill University, 2000. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=33355.
Full textAbstract:
This paper analyzes the liberalization of Venezuela's foreign direct investment (FDI) laws. In the past, Venezuela placed tough restrictions upon the entry and operation of foreign investment. These restrictions were made possible as long as petroleum prices remained high and the country had access to cheap international bank loans. The debt crisis in the 1980s, a drop in commodity prices, and a decrease in international bank loans once again made FDI an attractive source of foreign capital. In order to attract greater FDI inflows, Venezuela began to liberalize its foreign investment laws in the mid-1980s. Despite these changes, FDI inflows into Venezuela have been erratic. This paper then discusses some of the adjustments Venezuela will have to make in order to attract greater foreign investment inflows, and ends with an examination of how the country can maximize FDI's contribution to its economic development.
3
Al-Khalifa, Lobna Ali Abdulla. "Foreign direct investment in Bahrain." Thesis, University of Leeds, 2007. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.483707.
Full text
4
Akhtar, Mohammad Hanif. "Foreign direct investment in Pakistan." Thesis, University of Leeds, 1998. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.365864.
Full text
5
Kunpalin, Angkana. "Foreign direct investment in Thailand." Thesis, Middlesex University, 1986. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.568369.
Full textAbstract:
This study of foreign direct investment (FDI) in Thailand fills a gap since no such studies exist for Thailand. After an introduction to Thailand's economy, the thesis presents a brief survey of the theories of FDI with reference to the less-developed countries. It is followed by a study of the country-wise and sector-wise pattern of FDI in Thailand. The next two chapters carry out empirical tests of the capital-intensity hypothesis and the raw-material availability hypothesis respectively. Both the hypotheses are found to be statistically acceptable in the case of Thailand. This is followed by a simple test of the tariff-jumping hypothesis which does not explain FDI in Thailand. This should be viewed with caution as only nominal rates (as opposed to effective rates of protection) are used. Then, a test of a joint hypothesis (capital intensity, raw-material availability, and tariff rates) confirms the relative prominence of the capital- intensity hypothesis. The relative wage-cost hypothesis (i.e., Thai wage-rates relative to the Japanese and West German wage-rates) is found to be statistically unacceptable in the case of Thailand. lastly, welfare effects of FDI are examined. A brief survey of the literature and a critical appraisal have been presented. So far as Thailand is concerned, the general weight of the various arguments leans to the conclusion that foreign direct investments have ameliorative effects. This conclusion is based on (i) an analytical examination of the welfare implications of Thailand's over-all pattern of FDI, (ii) a statistical analysis of the macroeconomic effects, (iii) an analysis of the environmental issues by examining the chemical properties of the products produced by foreign firms in the Chemical Sector, and (iv) a study of the desired pattern of investment in the Thai economy as envisaged in the Five Year Plans and the ex post sectoral pattern of FDI.
6
Пономарьова, Є., Вікторія Олексіївна Щербаченко, Виктория Алексеевна Щербаченко, and Viktoriia Oleksiivna Shcherbachenko. "Foreign Direct Investment in Ukraine." Thesis, Sumy State University, 2021. https://essuir.sumdu.edu.ua/handle/123456789/87085.
Full textAbstract:
У роботі досліджено обсяги прямих іноземних інвестицій в економіку України. Визначно, які країни є найбільшими інвесторами. Проаналізовано найбільш привабливі галузі для інвестування в Україні. Визначено, які негативні фактори стримують від інвестування в економіку України. Запропоновано заходи для формування привабливого інвестиційного клімату.В работе исследованы объемы прямых иностранных инвестиций в экономику Украины. Определенно, какие страны являются самыми крупными инвесторами. Проанализированы наиболее привлекательные отрасли для инвестирования в Украине. Определены негативные факторы, которые сдерживают от инвестирования в экономику Украины. Предложены мероприятия по формированию привлекательного инвестиционного климата.
The volumes of foreign direct investments in the economy of Ukraine are investigated in the paper. It is defined which countries are the largest investors. The most attractive industries for investment in Ukraine are analyzed. It is determined what negative factors deter people from investing in the economy of Ukraine. Measures to create an attractive investment climate are proposed.
7
Martyanova, Natalya. "Foreign direct investment and corruption." Thesis, Aston University, 2010. http://publications.aston.ac.uk/11940/.
Full textAbstract:
In the last few decades, the world has witnessed an enormous growth in the volume of foreign direct investment (FDI). The global stock of FDI reached US$ 7.5 trillion in 2003 and accounted for 11% of world Gross Domestic Product, up from 7% in 1990. The sales of multinational enterprises at around US$ 19 trillion were more than double the level of world exports. Substantial FDI inflows went into transition countries. Inflows into one of the region's largest recipient, the Russian Federation, almost doubled, enabling Russia to become one of the five top FDI destinations in 2005-2006. FDI inflows in Russia have increased almost threefold from 13.6% in 2003 to 35% in 2007. In 2003, these flows were twice greater than those into China; whilst in 2007 they were six times larger. Russia's FDI inflows were also about 2.5 times greater than those of Brazil. Efficient government institutions are argued by many economists to foster FDI and growth as a result. However, the magnitude of this effect has yet to be measured. This thesis takes a Political Economy approach to explore, empirically, the potential impact of malfunctioning governmental institutions, proxied by three indices of perceived corruption, on FDI stocks accumulation/distribution within Russia over the period of 2002-2004. Using a regional data-set it concentrates on three areas relating to FDI. Firstly, it considers the significance, the size and the sign of the impact of perceived corruption on accumulation of FDI stocks within Russia. Secondly, it quantifies the impact of perceived corruption on the volume of FDI stocks simultaneously estimating the impact of the investment in public capital such as telecommunications and transportation networks on FDI in the presence of corruption. In particular, it addresses the question whether more corrupt regions in Russia are also those that could have accumulated more of FDI stocks, and investigates whether those 'more corrupt' regions would have had lower level of public capital investment. Finally, it examines whether decentralisation increases or decreases corruption and whether a larger extent of decentralisation has a positive or negative impact on FDI (stocks). The results of three studies are as follows. Firstly, along with market potential, corruption is found to be one of the key factors in explaining FDI distribution within Russia between 2002 and 2004. Secondly, corruption on average is found to be related to FDI positively suggesting that it may act as speed money: to save their time foreign direct investors might be willing to bribe the regional authorities so to move in front of the bureaucratic lines. Thirdly, although when corruption is controlled for, the impact of the latter on unobservable FDI is found to be on average positive, no association between FDI and public investment is observed with the only exception of transportation infrastructure (i.e., railway). The results might suggest therefore that it is possible that not only regions with high levels of perceived corruption attract more FDI but also that expansions in public capital investments are not accompanied by an increase of the volume of FDI (stocks) in regions with high levels of corruption. This casts some doubt on the productivity of the investment in public capital in these regions as it might be that bureaucrats may prefer to use these infrastructural projects for rent extraction. Finally, we find decentralisation to have a significant and positive impact on both FDI stock accumulation and corruption, suggesting that local governments may spend more on public goods to make the area more attractive to foreign investors but at the same time they may be interested into extracting rents from foreign investors. These results support the idea that the regulation of FDI is associated with and facilitated by a larger public sector, which distorts competition and introduces opportunities for rent-seeking by particular economic and political factors.
8
Dang, Xiaobao. "Foreign direct investment in China." Manhattan, Kan. : Kansas State University, 2008. http://hdl.handle.net/2097/1116.
Full text
9
Wang, Miao. "Essays on foreign direct investment /." view abstract or download file of text, 2003. http://wwwlib.umi.com/cr/uoregon/fullcit?p3095283.
Full textAbstract:
Thesis (Ph. D.)--University of Oregon, 2003.Typescript. Includes vita and abstract. Includes bibliographical references (leaves 85-88). Also available for download via the World Wide Web; free to University of Oregon users.
10
Kim, Seunggi. "Protectionism and foreign direct investment." view abstract or download file of text, 2003. http://wwwlib.umi.com/cr/uoregon/fullcit?p3102171.
Full textAbstract:
Thesis (Ph. D.)--University of Oregon, 2003.Typescript. Includes vita and abstract. Includes bibliographical references (leaves 63-67). Also available for download via the World Wide Web; free to University of Oregon users.
11
MacCleary, Jared. "Foreign direct investment in America's automotive industry." Oxford, Ohio : Miami University, 2006. http://rave.ohiolink.edu/etdc/view?acc%5Fnum=miami1165961770.
Full text
12
Khayat, Sahar. "Developing countries' foreign direct investment and portfolio investment." Thesis, University of Leicester, 2016. http://hdl.handle.net/2381/38031.
Full textAbstract:
This thesis is a collection of three empirical essays on foreign direct investment and cross-border portfolio investment. The objective of the first essay entitled: “Oil and the Location Determinants of Foreign Direct Investment in MENA Countries” is to investigate the effect of oil as a proxy for natural resources and the main location determinants of foreign direct investment. Moreover, this paper examines whether oil as a proxy for natural resources in the host countries alters the relationship between natural resources and institutional quality. The result of the interaction, which is the key interest in this chapter, is robust and undermines the effects of investment profiles on IFDI. Paying particular attention to the degree of outward FDI concentration in developing countries and transition economies, the second essay is titled “Extending Dunning's Investment Development Path (IDP): Home Country Determinants of Outward Foreign Direct Investment from Developing Countries.” The aim of the empirical estimates provided in this paper is to investigate the home countries’ determinants of outward FDI from developing countries. Results from the paper support the OLI paradigm, the IDP theory. In the third essay, “Cross-Border Portfolio Investment from the Developing Economies and the Top Major Partners, using the Gravity Model”, I have applied a new approach to a new panel data set of bilateral gross cross-border investment flows between 37 developing countries and 79 host countries. The remarkably strong results have positive implications for the theory of asset trade. The main result suggests that the positive and significant coefficient of GDP per capita in a destination country can explain a significant part of the Lucas paradox, and supports the reason for developing capital being invested outside the region. Interestingly, geographical proximity is found to exert a significant positive influence on assets in order that investors may seek to diversify their portfolios.
13
Tobarra, GoÌmez MariÌa AÌngeles. "Foreign direct investment and domestic investment in Spain." Thesis, University of Exeter, 2004. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.418820.
Full text
14
Joffrion, Justin Louis. "Determinants of foreign direct investment entry into China." Thesis, Georgia Institute of Technology, 2003. http://hdl.handle.net/1853/30560.
Full text
15
Taylor, Leslie G. "Aid-foreign direct investment linkages : a case study of aid and foreign direct investment in Uganda." Thesis, Lancaster University, 2010. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.552829.
Full text
16
Jordaan, Johannes Cornelius. "Foreign direct investment and neighbouring influences." Thesis, Pretoria : [s.n.], 2004. http://upetd.up.ac.za/thesis/available/etd-04182005-094319.
Full text
17
Margeirsson, Olafur. "Financial instability and foreign direct investment." Thesis, University of Exeter, 2014. http://hdl.handle.net/10871/17436.
Full textAbstract:
Hyman Minsky’s Financial Instability Hypothesis is used to construct two different indices for financial instability: a long-term index (Long Term Financial Instability) and a short-term index (Short Term Financial Instability). The former focuses on the underlying fragility of financial structures of units in the economy while the latter focuses on more immediate developments and manages to follow turmoil – “a financial crisis” – in the economy. The interplay of the indices with each other, with economic growth and with Foreign Direct Investment, both in general and in the financial industry, is probed. In short, we find that long term financial stability, i.e. secure financial structures in the economy or a low level of Long Term Financial Instability, is sacrificed for maintaining short term financial stability. However, more Long Term Financial Instability is associated, as Minsky expected, with more fluctuations in Short Term Financial Instability: market turmoil is more common the more fragile underlying financial structures of units in the economy are. This signals that markets are ruled by short-termism. Economic growth is harmed by Short Term Financial Instability but the effects of Long Term Financial Instability are weaker. The common expectation that FDI activities strengthen financial stability is not confirmed. The relationship found hints rather in the opposite direction: FDI activities seem to cause financial instability. Based on the those investigations and a further empirical work using data from Iceland, Leigh Harkness’s Optimum Exchange Rate System (OERS) is developed further with the intention of solving “The Policy Problem” as described by Minsky. Insights from control theory are used. The OERS, along with public debt management as carried out by Keynes, is argued to have the ability to keep economic activity in the state of a permanent “quasi-boom”. The policy implications are that the OERS should be considered as a monetary policy as it permits a free flow of capital, thereby allowing economies to reap the possible positive benefits of foreign direct investment, while still conserving financial stability.
18
Al-hijazi, Yahya Z. D. "Developing countries and foreign direct investment." Thesis, National Library of Canada = Bibliothèque nationale du Canada, 1999. http://www.collectionscanada.ca/obj/s4/f2/dsk1/tape9/PQDD_0025/MQ50916.pdf.
Full text
19
Alhijazi, Yahya Z. D. "Developing countries and foreign direct investment." Thesis, McGill University, 1999. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=21670.
Full textAbstract:
Along with international trade, foreign direct investment (FDI) has been the engine driving the current economic globalization of the world economy. The growth rate of FDI, which exceeded that of international trade and world output throughout the 1990s, raises important questions regarding the value of FDI to developing countries as host countries to FDI and the role it can play in their development.In an attempt to answer these questions, this thesis tackles the main issues underlining FDI and developing countries. After analysing the pros and cons of FDI for developing countries and other interested parties, this thesis scrutinizes the regulation of FDI as a means to balance the interests of the concerned parties, giving an assessment of the balance of interests in some existing and potential FDI regulations. Furthermore, this thesis highlights the case against the deregulation of FDI and its consequences for developing countries. It concludes by formulating regulatory FDI guidelines for developing.
20
Gestrin, Michael V. "The performance of foreign direct investment." Thesis, University of Oxford, 2004. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.404789.
Full text
21
Wang, Yi. "Foreign direct investment spillovers in China." Thesis, University of Leeds, 2009. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.522985.
Full text
22
Martinez, Milton Hugo Salas. "Empirical essays on foreign direct investment." Thesis, University of Essex, 2009. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.495776.
Full text
23
Che, Yi, and 车翼. "Two essays on foreign direct investment." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2013. http://hub.hku.hk/bib/B50899570.
Full textAbstract:
This thesis includes two chapters investigating issues related to Foreign Direct Investment (FDI). In the first chapter, I exploit one of the most important conflicts of the 20th century between what are currently the world's second and third largest economies, the Japanese invasion of China from 1937 to 1945, to investigate the long-run impact of conflicts among countries on cross-border trade and investment. I find that Japanese multinationals are less likely to invest in Chinese regions that suffered greater civilian casualties during the Japanese invasion, and these regions also trade less with Japan. This study shows that historical animosity still matters for international trade and investment, despite the trend toward a flat world.
In the second chapter, by using an extensive data set on foreign invested enterprises (FIEs) in the Chinese mainland, I employ discrete choice model developed by McFadden (1974) to examine the factors determining the locational choices of FDI. Our empirical analysis shows that FIEs from source countries that are more remote institutionally from the Chinese mainland exhibit a higher degree of sensitivity toward regional economic institutions in their choice of FDI location. Interestingly, we also detect a pattern of asymmetric sensitivity toward institutional quality, i.e., FIEs coming from countries with better institutions than China are more sensitive to institutional difference and there is no effect of institutional difference on FIEs from countries with worse institutions than China. Institutional distance could also cast differentiated impacts on location choice by Joint Ventures (JVs) and Wholly-owned Enterprises (WOEs), FIEs coming from the source countries with high proportion of ethnic Chinese and FIEs coming from source countries with low proportion of ethnic Chinese in their overall populations.published_or_final_version
Business
Doctoral
Doctor of Philosophy
24
Aitken, Brian J. "Trade, technology, and foreign direct investment." Thesis, Massachusetts Institute of Technology, 1992. http://hdl.handle.net/1721.1/13175.
Full text
25
Li, Yuting. "Foreign direct investment versus joint ventures." Thesis, Kansas State University, 2011. http://hdl.handle.net/2097/8724.
Full textAbstract:
Master of ArtsDepartment of Economics
Yang M. Chang
This paper studies economic factors that affect a multinational’s decision between serving a foreign market via foreign direct investment (FDI) and setting up a joint venture (JV) with a local firm in the host country. The factors that we consider include the substitutability of products produced by competing firms, as well as the hotly debated intellectual property rights (IPRs) protection. In a simple North-South framework, we show that JV is the equilibrium market structure when the degree of R&D spillover is moderate, products are considerably substitutable, and IPRs strong. The government of South needs to maintain a minimum level of IRP to encourage an effective JV. For increasing social welfare, the South also needs to have a policy that limits foreign ownership in a JV.
26
Wei, Yingqi. "Modelling foreign direct investment in China." Thesis, Aston University, 1999. http://publications.aston.ac.uk/10714/.
Full textAbstract:
This thesis consists of three empirical and one theoretical studies. While China has received an increasing amount of foreign direct investment (FDI) and become the second largest host country for FDI in recent years, the absence of comprehensive studies on FDI inflows into this country drives this research. In the first study, an econometric model is developed to analyse the economic, political, cultural and geographic determinants of both pledged and realised FDI in China. The results of this study suggest that China's relatively cheaper labour force, high degree of international integration with the outside world (represented by its exports and imports) and bilateral exchange rates are the important economic determinants of both pledged FDI and realised FDI in China. The second study analyses the regional distribution of both pledged and realised FDI within China. The econometric properties of the panel data set are examined using a standardised 't-bar' test. The empirical results indicate that provinces with higher level of international trade, lower wage rates, more R&D manpower, more preferential policies and closer ethnic links with overseas Chinese attract relatively more FDI. The third study constructs a dynamic equilibrium model to study the interactions among FDI, knowledge spillovers and long run economic growth in a developing country. The ideas of endogenous product cycles and trade-related international knowledge spillovers are modified and extended to FDI. The major conclusion is that, in the presence of FDI, economic growth is determined by the stock of human capital, the subjective discount rate and knowledge gap, while unskilled labour can not sustain growth. In the fourth study, the role of FDI in the growth process of the Chinese economy is investigated by using a panel of data for 27 provinces across China between 1986 and 1995.
27
Kamga, Wafo Guy Léopold. "Political risk and foreign direct investment." [S.l.] : Universität Konstanz , Fakultät für Wirtschaftswissenschaften und Statistik, 1998. http://www.bsz-bw.de/cgi-bin/xvms.cgi?SWB8500747.
Full text
28
Levandovskaya, Lidia. "Firm heterogeneity and foreign direct investment /." [S.l. : s.n.], 2007. http://www.gbv.de/dms/goettingen/52513705X.pdf.
Full text
29
Concer, Ronald de Oliveira. "Three essays on foreign direct investment." reponame:Repositório Institucional do FGV, 2017. http://hdl.handle.net/10438/18525.
Full textAbstract:
Submitted by Ronald De Oliveira Concer (ronald.concer@gmail.com) on 2017-07-24T16:54:09Z
No. of bitstreams: 1
Download File.pdf: 2492211 bytes, checksum: 4ca114826435b13aca3db43b2093c14f (MD5)Rejected by Pamela Beltran Tonsa (pamela.tonsa@fgv.br), reason: Boa tarde Ronald, Para que possamos aprovar seu trabalho e necessário alguns ajustes. As primeiras folhas ( capas ) caixa de textos devem estar em português, nada em inglês a não ser seu titulo. AGRADECIMENTO deve estar em Inglês e Português. Deve ter ABSTRACT E RESUMO. ( Contendo as palavras chaves ) Sem estes ajustes não poderemos continuar com o processo. ( obs.: Lembrando que só pode mandar PARA IMPRESSÃO, apos receber a aprovação e a URL ) Qualquer duvida estamos a disposição. Att, Pâmela Tonsa 3799-7852 on 2017-07-24T18:41:24Z (GMT)
Submitted by Ronald De Oliveira Concer (ronald.concer@gmail.com) on 2017-07-25T05:44:33Z No. of bitstreams: 1 Download File.pdf: 2308058 bytes, checksum: c94e8c23487949c2b6b496d78608f01f (MD5)
Approved for entry into archive by Pamela Beltran Tonsa (pamela.tonsa@fgv.br) on 2017-07-25T11:15:28Z (GMT) No. of bitstreams: 1 Download File.pdf: 2308058 bytes, checksum: c94e8c23487949c2b6b496d78608f01f (MD5)
Made available in DSpace on 2017-07-25T12:17:47Z (GMT). No. of bitstreams: 1 Download File.pdf: 2308058 bytes, checksum: c94e8c23487949c2b6b496d78608f01f (MD5) Previous issue date: 2017-06-27
This doctoral thesis is composed by three articles about the influence of the external factors shaping the foreign direct investment (FDI). I propose three discussions specifically about the institutional environment and macroeconomic conditions shaping the FDI behavior. First, the study analyzes the impact of country-specific macroeconomic variables on outward foreign direct investment (OFDI) flows from Brazil. I have applied a vector auto-regression (VAR) in order to determine the key drivers of OFDI flows, and tested the variables for Granger causality. This study improves on previous empirical analyses about home country determinants of outward FDI, which have proposed comparable time series models, mostly with inconclusive results. I argue that some of these studies have been biased by ill-conditioning arising from the estimation of too many factors with too few data points. This study corrects this by using a thresholded VAR, which explicitly imposes a parsimony restriction to the number of coefficients to be estimated. The results corroborate theoretical models of OFDI, and shed more light on the macroeconomic drivers of foreign direct investment from an emerging economy, using Brazil as a case study. In sequence, I discuss the impact of corruption levels on FDI. I have applied a panel data set in order to determine the duration of FDI flows invested abroad based on the corruption levels of the host countries. I argue that the time of permanence of FDI flows could varies since the existence of corruption levels, since the existence of weak institutional environment would create unfavorable conditions, and also shaping the kind of FDI projects which means a short or long term duration. Finally, I propose a discussion on the effectiveness of institutional environment regarding law application and its impact on the firm’s performance. Specifically, I test the conjecture of how different institutional environment perceptions (represented by firms’ expectations about the legal system) result in different performance levels of firms. I contend that the mere existence of a law system does not ensure their enforcement. Therefore, firms respond distinctively towards each environment to increase their performance. This suggests the need to examine more carefully the interaction of institutions.
Esta tese é composta por três artigos que tratam da influência do ambiente externo como fator de moldagem dos fluxos de investimento direto estrangeiro (IDE). São propostos três ensaios tendo em vista discutir como o ambiente institucional e condições macroeconômicas moldam os fluxos de investimento direto estrangeiro. O primeiro ensaio analisa o impacto de variáveis macroeconômicas na saída de investimento direto estrangeiro no caso brasileiro. Utiliza-se como metodologia vetor auto regressivo (VAR) e causalidade de Granger para determinar os determinantes dos fluxos de IDE das empresas brasileiras no exterior. Este estudo contribui para a literatura em negócios internacionais mediante da melhoria de análises empíricas já realizadas sobre o tema. A literatura existente, comparada ao uso de séries temporais mostra-se inconclusiva. Argumenta-se que alguns destes estudos são enviesados pela falta de coerência na especificação dos dados. Nesta ótica, o ensaio corrige usando thresholded VAR, do qual impõe restrições no tratamento dos dados e no número de coeficientes a ser estimado. Os resultados corroboram com os modelos de IDE existentes e oferece um novo olhar sobre os vetores que IDE de um país emergente, neste caso, usando o caso brasileiro. Em seguida, é discutido o impacto dos níveis de corrupção no IDE. Foi aplicado a metodologia de dados em painel para determinar a duração dos fluxos de IDE e a respectiva interação com os níveis de corrupção dos países hospedeiros. Argumenta-se que o tempo de permanência dos fluxos de IDE varia de acordo com os níveis de corrupção, uma vez que um ambiente institucional fraco é cria condições desfavoráveis. Desta maneira, níveis de corrupção moldam o tipo de projeto de investimento externo, no que condiz o seu tempo de duração. Por fim, propõe-se uma discussão acerca da efetiva do ambiente institucional tendo em vista a aplicação das leis e o impacto no desempenho das empresas. É testado, especificamente, como as diferenças na percepção do ambiente institucional (representado pela expectativa do Sistema Legal pela ótica empresarial) resulta em distintos níveis de desempenho. Neste trabalho, afirmase que a mera existência do sistema legal não garante a sua efetividade. Destarte, empresas reagem de maneira distinta em cada ambiente em prol de aumentar seu desempenho. Tal distinção ressalta um olhar mais apurado e cuidadoso em como as instituições interagem.
30
Mujih, Onorine Fombason. "Foreign direct investment in Cameroon: establishing effective investment regulations." University of the Western Cape, 2012. http://hdl.handle.net/11394/4573.
Full textAbstract:
Magister Legum - LLMForeign Direct Investment (FDI) began as a worldwide phenomenon in the 19th and early 20th centuries. Even then, it formed only a small portion of foreign investments for decades, as a greater percentage took the form of portfolio investments. This was the case for example in 1914, when 90% of all foreign investment flows took the form of portfolio investment. Over time, however, there was a steady shift in the composition of foreign investments. In fact, about a quarter of foreign investment flows took the form of FDI in the 1920s. The drop in portfolio investments came about as a result of the collapse of the world monetary system in the 1930s, provoked by World War 1 and the Great Depression. There was, however, a general drop in the two types of investment during the interwar years. Unlike portfolio investment, FDI proved amazingly resilient and gradually recovered in the late 1930s. FDI again improved with the end of the Second World War, and became even more prominent after the 1960s in developing countries. This was not the case, however, which was yet to have its share of FDI flow. The main focus of this study is to investigate why Cameroon lags behind other developing countries in Sub-Saharan Africa (SSA) in terms of attracting FDI in spite of its membership of, and participation in, bilateral, regional and multilateral trade and investment treaties, and its attractive investment policies. The above argument applies explicitly to FDI because Regional Integration Agreements (RIAs) are said to boost FDI inflows from non-member countries. It is universally acknowledged that a well-designed policy framework for investment, capable of attracting FDI, would be productive and successful. Thus, for Cameroon to be competitive in attracting FDI, it is obliged to review its investment policies which continue to face the challenges of a changing global economy.
31
Su, Bei. "Foreign companies and foreign direct investment in Hong Kong." Click to view the E-thesis via HKUTO, 2005. http://sunzi.lib.hku.hk/hkuto/record/B31567083.
Full text
32
Laposa, Steven P. "The foreign direct investment property model: explaining foreign property." Thesis, University of Reading, 2007. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.492692.
Full text
33
Su, Bei, and 蘇備. "Foreign companies and foreign direct investment in Hong Kong." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2005. http://hub.hku.hk/bib/B31567083.
Full text
34
Quinn, Fiona. "The Foreign Direct Investment Location Decision: A Contingency Model of the Foreign Direct Investment Location Decision-Making Process." Thesis, The University of Sydney, 2012. http://hdl.handle.net/2123/9062.
Full textAbstract:
Despite considerable prior research into foreign direct investment (FDI) location decisions, our understanding of the processes underlying such decisions is still limited. Findings from work based in the economics and behavioral theories of the multinational enterprise (MNE) both acknowledge that FDI is not a point-of-time decision but a gradual process that yields important changes over its duration. However, these competing traditions both fall short when attempting to portray the actual process by which FDI location decisions are made by managers in MNEs. This gap has been recently attributed to two interrelated limitations. Firstly, level of analysis concerns have artificially separated managerial decision-making processes from the organizational and environmental structures within which they are made. Secondly, because of the complexity inherent in the FDI location decision environment, the study of these decisions has not taken contextual factors into consideration. This study addresses three important questions in order to build our understanding of the FDI location decision-making processes: (1) What are the decision-making processes that lead to FDI location choice? (2) What is the impact of contextual variables on FDI location decision-making processes at different levels of analysis, and are there any patterns of variation in decision processes under different decision conditions? (3) What factors drive final FDI location choice, and can a useful framework or theory be developed that links FDI location decision-making processes and context to drivers of FDI location choice? In order to address level of analysis concerns, the study places the manager at the center of the FDI location decision in modeling and in research, a strategy recommended by an emerging stream of behavioral-focused international business research (Aharoni, 2010; Buckley et al., 2007; Devinney, 2011). By examining FDI location decisions from the perspective of the managers who implement them, it is possible to clarify the nature of processes that lead to FDI location choice, and identify the impact of different elements of decision maker, firm and environmental context on such processes. The conceptual framework builds on Aharoni’s (1966) pivotal research while incorporating findings from broader behavioral managerial decision models and international business research. The framework is based on the assumption that FDI location decision-making processes and final choice are contingent upon interactions between the environmental, firm and decision maker context under which the decision is made. The research was undertaken in three phases. Phase 1 included a literature review that covered research on the MNE, internationalization, and decision making. The findings of the review identified key aspects of FDI location decision context and led to the development of an initial contingency framework of strategic decision making. Phase 2 consisted of an exploratory case study of twenty four FDI location decisions. The initial contingency framework developed during the literature review was used during this stage to identify the relationship between decision-making processes and contextual variables at the case decisions. By drawing on results from the exploratory research, an initial conceptual model and a set of propositions were developed. In Phase 3, twenty case studies were theoretically sampled from a pool of MNEs of varying size and parent-country nationality within the knowledge-based industries. The data collection and analysis followed a process, event-driven approach to case study research involving the mapping of key sequences of events as well as within- and cross-case analysis. The results identify the key elements of the decision process that explain FDI location behavior and develop a framework that links them together and makes them sensible. The four key elements of the FDI location decision that comprise the framework include: (i) the process, (ii) the context, (iii) patterns, and (iv) location. Research findings show the FDI location decision process as comprising of five broad stages, the content of each driven by a dynamic and evolving interpretation of maximum subjective expected utility. Utility preferences are identified as the consequence of shifting and opaque goals, founded upon imperfect information, operating in an environment marked by uncertainty. Five variations in the overall orientation of utility at case decisions, classified in the study as ‘decision rules,’ proved to be more useful predictors of decision-making behavior than traditional notions of bounded rationality seeking rent extraction and profitability. Decision processes were found to vary in five prototypical patterns, according to clusters of contextual variables that together moderated the level of decision-maker autonomy, hierarchical centralization, rule formalization, commitment to strategy, and politicization of the decision. Patterns are described as FDI location decision-making models, and proposed as an initial step towards the development of a taxonomy of FDI location decision-making processes. Because of the dynamic and staged nature of the process, findings showed that factors that were important at one stage of the decision were not as important at the next. As such, the task of identifying universal drivers of FDI location was deemed an unfeasible one. In place of universal drivers, the initiating force of the investment, the purpose of investment and information sources and networks are identified as the key context-specific determinants of location in FDI decisions. Bounded by uncertainty, chance, the dynamics of the process and decision-maker effects, each of these aspects of the decision served to limit the possible consideration set for investment, and formed the value basis and measures from which to select the most attractive location choice. Despite the contextual differences in these drivers, however, the study revealed a strong pattern that showed that the importance of specific location considerations differed in much the same way across case decisions. During the first stage of case decisions primarily strategic aspects of locations were considered; during the second, considerations relating to the system; operational concerns in the third; implementation concerns in the fourth; and added value factors in the final choice. How each of these concerns was interpreted to reach final location choice differed according to the drivers mentioned previously, although the patterns were the same. This study develops a contingency framework for examining the FDI location decision-making processes of MNEs under different operating conditions. By identifying the four key components of the FDI location decision, their interrelationships and many sources of variance, this thesis shows that despite its complexity, the FDI location decision is amenable to useful conceptual structuring. From an academic standpoint, the framework answers Aharoni’s most recent call to action in ‘Behavioral Elements in Foreign Direct Investment’ (2010) by developing a replicable structure within which to think about incorporating managerial decision models and context into the theory of the MNE. These findings enhance understandings of decision making at MNEs, reconcile a number of inconsistencies between opposing perspectives of MNE theory, and thereby update extant theory so that it has greater relevance in today’s diverse international business environment. From a managerial standpoint, the thesis helps managers to recognize the opportunities and limitations posed by different aspects of decision context so that they are able to tailor their FDI location decision strategies to best suit their needs. Finally, from the perspective of policy markers, research findings provide great support for the use of investment attraction schemes through the use of targeted location marketing and investment incentives.
35
Ben, Kheder Sonia. "Environmental regulation, foreign direct investment and pollution." Phd thesis, Université Panthéon-Sorbonne - Paris I, 2010. http://tel.archives-ouvertes.fr/tel-00608641.
Full textAbstract:
À partir des années quatre-vingt-dix, une relation étroite est établie entre les politiques nationales environnementales et les politiques commerciales, et débouche rapidement sur un débat international portant sur le commerce et l'environnement. Un des aspects fondamentaux de ce débat est lié à l'impact des différences de rigueur environnementale entre les pays sur la compétitivité et la localisation des firmes. Cet aspect a déjà été amplement étudié et porte le nom d'Hypothèse de Pollution Haven, mais n'a pas encore été explicitement démontré. Un second aspect, moins examiné dans la littérature, est celui de l'effet de ces différences réglementaires sur les niveaux de pollution. Dans cette thèse, qui s'articule autour de quatre chapitres, ces deux aspects sont étudiés. Le premier chapitre dresse une image précise des politiques environnementales à travers le monde, leur hétérogénéité constituant le fondement de l'hypothèse de pollution haven. Le deuxième chapitre propose une modélisation théorique mettant en évidence l'impact de la régulation environnementale sur le choix de localisation des firmes. Le troisième chapitre se concentre sur l'estimation empirique du modèle théorique développé, et fait ressortir un effet significatif des politiques environnementales sur les décisions de localisation des firmes françaises. Le dernier chapitre présente une évaluation empirique de l'impact des différents mécanismes en jeu sur les émissions de pollution. Il apparaît alors qu'une augmentation des investissements directs à l'étranger s'accompagne dans les pays hôtes d'une augmentation des émissions polluantes et d'une diminution de l'intensité polluante.
36
Koldas, Tevfik. "Direct Foreign Investment In Turkish Manufacturing Industry." Phd thesis, METU, 2005. http://etd.lib.metu.edu.tr/upload/3/12606332/index.pdf.
Full textAbstract:
This study deals with direct foreign investment (DFI) in Turkish manufacturing
industry with two main objectives: First, the reasons of the failure of Turkish
economy in attracting sufficiently high levels of DFI is analysed as compared to the
experiences other developing countries that have been successful on this count.
Second, the impact of DFI in Turkish manufacturing industry is analysed in terms of
export, employment, and technology contribution as well as the comparative
behaviour of domestic and DFI firms. In addition to various data sets, the study
utilized the results collected from two separate surveys that were implemented to
domestic and DFI firms operating in Turkish manufacturing industry. Firstly, it
turned out that the failure of Turkish economy in attracting high inflows of DFI
cannot be attributed to investment climate problems, as the experiences of other
developing countries have shown. Secondly, there does not seem to be a significant
difference between the performances of domestic and DFI firms. While DFI seemed
to contribute positively to exports, insufficient contribution of DFI on employment
and negative balance of payments effects as well as the lack of its contribution in
terms of research and development and innovative activities were also notable. Then,
the study argues that rather than focusing solely on improvements in investment
climate and liberalizing eagerly the development regime, it seems more appropriate
to have a broad development strategy, in which both domestic investment and DFI are handled in an integrated approach, within the framework of appropriate
industrial, trade and technology policies.
37
Ngov, Penghuy. "Governance, Foreign Direct Investment, and Economic Growth." 名古屋大学大学院国際開発研究科, 2008. http://hdl.handle.net/2237/9738.
Full text
38
Baibekova, Kamilya, and Tan Hoang Anh Nguyen. "Determinants of Foreign Direct Investment in Ireland." Thesis, Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Nationalekonomi, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-12910.
Full textAbstract:
Exceptionally high FDI inflows into Ireland have been one of the main resources of Irish rapid economic growth, and earned the country a title of “Celtic Tiger”. The goal of this thesis is to find out the driving sources behind this high inward investment and to examine whether Ireland has truly enjoyed higher amounts of FDI inflows than predicted by the model. This thesis analyzes the determinants of foreign direct investment in Ireland. The determinants being examined are GDP, GDP per capita, infrastructure, labor productivity, education and trade openness. The analyzed period is from 1997 to 2007 and data is collected for 30 OECD member states. With the help of the pooled regression we were able to obtain the following results: GDP, GDP per capita, infrastructure and education have a significant effect on FDI and FDI per capita inflows. However, labor productivity and trade openness turned out to be less significant in attracting FDI to Ireland. Moreover, based on the results, infrastructure had an unexpected negative sign, while the rest of the variables indicated expected positive relation to FDI.
39
Price, Tracy J. E. "Japanese direct foreign investment : sources and sustainability." Thesis, University of British Columbia, 1989. http://hdl.handle.net/2429/27263.
Full textAbstract:
In 1984, Japan became the world's leading creditor nation. Although most of this capital has been in the form of foreign portfolio investment (FPI), foreign direct investment (FDI) has contributed significantly to the total. The rapid acceleration of Japanese FDI is evidenced by the fact that the nation's accumulated foreign direct assets in 1988 exceeded $96 billion (in 1980 U.S. dollars) roughly 3 times the 1984 total and 6 times the 1980 total.
This startling change in Japan's role in global FDI raises two important questions. Firstly, why has Japan been able to substantially accelerate its foreign direct investments in the 1980s? This study suggests that the country's rapid expansion in FDI is the result of macro-economic developments which have taken place in Japan since 1973. These developments include the transition of the country from a high-growth to slow-growth economy after the first oil crisis; the resultant decline in capital formation requirements and sustained savings surpluses in the private sector; and the committment of the Liberal Democratic Party (LDP) to fiscal austerity after 1978.
The second question concerns the future sustainability of Japanese FDI. As described in this study, the answer to the second question depends largely on the answer to the first; namely, that the future rate of Japanese FDI will be determined by the extent to which the macro-economic developments noted above prevail.
In format, this study first provides a historical perspective of Japanese offshore direct investment, concentrating on the changing level, nature and motivation of Japanese FDI in the post World War II period. The study then provides a brief analysis of modern FDI theory and its inadequacy for explaining past Japanese FDI or for predicting its future sustainability. After introducing the theoretical rationale behind the study's two main contentions, the analysis then turns to an identification of the forces which are generating the huge amounts of capital currently available for offshore investment. In particular, the study suggests that the dramatic appreciation of Japanese land prices has been a primary cause of excess savings in the private sector. It is these excess savings, coupled with the LDP's committment to balanced budgets after 1978, that have sponsored Japan's remarkable increase in FDI in the 1980s.Business, Sauder School of
Graduate
40
Siotis, Georges. "Technological diffusion, foreign direct investment and convergence." Doctoral thesis, Universite Libre de Bruxelles, 1997. http://hdl.handle.net/2013/ULB-DIPOT:oai:dipot.ulb.ac.be:2013/212218.
Full text
41
Balsvik, Ragnhild. "Foreign direct investment and host-country effects /." Bergen : Norwegian School of Economics and Business Administration, 2006. http://www.gbv.de/dms/zbw/544163877.pdf.
Full text
42
Al-Sadig, Ali. "Three Emperical Essays on Foreign direct investment." Thesis, University of Essex, 2009. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.494195.
Full text
43
Vasileva, Kristina. "Foreign direct investment : a behavioural finance approach." Thesis, City University London, 2011. http://openaccess.city.ac.uk/1185/.
Full textAbstract:
The aim of this thesis is to contribute to the understanding of corporate decision making regarding foreign direct investments (FDI) by applying two behavioural finance concepts, home bias and herding, to the analysis of FDI flows. I contribute to the literature by empirically testing for home bias and herding in an FDI context using a very broad panel dataset. I also contribute by examining the country policy implications of home bias on FDI flows between two countries by estimating the probability of an FDI relationship between two countries. In addition, I contribute by providing a generality of the results at a global, regional and country levels. The analysis in this thesis is conducted on a large panel dataset of the FDI inflows and outflows of 30 OECD member countries with their FDI partners, across 25 years in a bilateral country pair format which is a novel application of this dataset for the purpose of studying home bias and herding in FDI. The findings in this thesis confirm that there is an overall home country bias that is demonstrated through the preference for direct investments in places with greater physical, institutional and cultural proximity to the investor country. These general findings of home bias are observed and confirmed across different data segments: regional and country levels, across time and across different income country groups. I do not find that the effects of home bias have disappeared or diminished across time or at different geographic locations. Herding is another behavioural finance concept which is considered in the context of FDI outflows. Direct investors tend to herd around a perceived world or a regional leader when considering investments in faraway places and when they do not have the familiarity factors in common with an FDI partner country. Finally, by increasing the institutional and cultural familiarity, countries can significantly increase the probability that they will get a direct investment from a country with which they might not otherwise be having an FDI relationship.
44
Yu, Zhihong. "Exports, foreign direct investment and heterogenous firms." Thesis, University of Nottingham, 2005. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.430212.
Full text
45
Massilia, Marzia Raybaudi. "Essays on foreign direct investment and trade." Thesis, University of Southampton, 1997. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.390330.
Full text
46
Wu, Lin-Sheng. "Foreign direct investment in Taiwan, post-1980s." Thesis, Middlesex University, 2014. http://eprints.mdx.ac.uk/13767/.
Full textAbstract:
The aims and objectives of my thesis are to research the foreign direct investment (hereinafter, FDI) in Taiwan post-1980s when it started to experience an economic transformation from traditional manufacturing into high-technology manufacturing and service industries. For instance, the Taiwanese government introduced the Six-year National Development Plan, Asia- Pacific Regional Operations Centre (APROC), and relevant incentive polices since 1990s in order to attract export-oriented FDI, and develop further economic and industrial development. Since then there was a drastic change in Taiwan’s economic structure and industrial activity along with an increasing amount of investment from foreign investors. Hence, this thesis empirically investigates the determinants of FDI (Chapter 5), evaluates the impact of FDI on economic growth (Chapter 6), and assesses the dynamic interaction between FDI and macroeconomic variables (Chapter 7). The dataset used for thesis covers the period from 1990 to 2010, and involves industry-level data in Taiwan. The key findings of this thesis could be summarised into three points. First, by employing both the static and dynamic panel data approaches, Chapter 5 suggests that the market size, the employment level, and the exchange rate remain to be significant factors to explain FDI inflows to Taiwan, while the wage cost and the political stability are not significant factors of investment decision-making process for foreign investors. The results imply that foreign investors no longer regard Taiwan as a country with the supply of cheap labour for mass production, but one with the supply of highly skilled and sophisticated talents for high-end manufacturing and service industries. Further, foreign investors no longer regard political instability as a major concern for Taiwan since it has had a stable political environment democratically and diplomatically. Second, by applying the Granger causality test, Chapter 6 suggests that the two-way feedback between FDI and GDP is significant both at overall- and industry-levels, while the one-way feedback (from FDI to GDP) is significant at the cross-industry level. In the first case, it is therefore believed that FDI and GDP are mutually enhancing in the long term in the overall economy, manufacturing and service industries. In the second case, it reflects that GDP growth in manufacturing and service industries has been induced not only by the inward FDI in its own industry but also by inward FDI in the other one. Third, by utilising the vector autoregression (VAR) methodology, Chapter 7 confirms the existence of the two-way causal and dynamic interactions among FDI, GDP and Exports. This two-way feedback result is not only in line with the key findings mentioned above, but also implies that FDI could be a fundamental driver of economic growth in Taiwan, and be considered a close proxy for the degree of openness of the macro-economic policy and position of the Taiwanese government. In addition, while FDI, GDP and Exports are all found to positively affect employment; the reverse relationship is relatively insignificant.
47
Pathan, Saima Kamran. "Three essays on Foreign Direct Investment (FDI)." Thesis, University of Leicester, 2013. http://hdl.handle.net/2381/28624.
Full textAbstract:
This thesis examines the effects of joining currency unions and trade agreements as well as political risk on FDI. It also engages in the empirical examination of the Eclectic Paradigm. The aim of this research is to extend the current knowledge on the determinants of FDI, as various empirical studies have found mixed results. The first empirical chapter investigates the impact of membership of currency unions and trade agreements on FDI inflows, outflows, and net FDI (inflows-outflows) by using pooled OLS estimation method for a sample of 180 countries during the period of 1970 to 2007. The second empirical chapter analyses the impact of political risk on FDI inflows into OECD countries by using pooled OLS estimation and fixed effects panel data methods throughout the period of 1975 to 2009. The third empirical chapter examines the relationship between determinants of FDI from the perspective of Eclectic Paradigm for the sample of 196 countries for the period of 1970 to 2009. My study uses up-to-date large macro datasets for long periods. Insights are provided on the impact of regional trade agreements and currency unions on FDI, a topic on which the literature is relatively scarce. Similarly, another contribution is the analysis of FDI outflows and net FDI, which did not receive much attention in previous studies. This thesis further investigates the impact of political environment in the country on FDI inflows using a wide range of political indicators. Lastly, the investigation presented here confirms the predictions of the Eclectic Paradigm, as ownership, location and internalization-specific advantages seem to play an important role in the investment decisions of MNE. Finally, some implications for investors and governments as well as suggestions for further studies are presented at the end of the thesis.
48
Mateus, Márcio Filipe Mendes. "Measuring what matters in foreign direct investment." Master's thesis, Instituto Superior de Economia e Gestão, 2015. http://hdl.handle.net/10400.5/10099.
Full textAbstract:
Mestrado em Econometria Aplicada e PrevisãoGeralmente os investigadores centram a sua análise nos determinantes do Investimento Direto Estrangeiro (IDE) agregado. Não obstante, existe evidência que o setor de atividade ao qual o IDE se destina é um aspecto relevante e que o IDE direcionado ao setor dos bens não transacionáveis tende a agravar os desequilíbrios externos dos países recetores. Esta tese difere da generalidade dos estudos realizados focando-se apenas no IDE direcionado ao setor dos bens transacionáveis. Os resultados sugerem que países com um grande mercado interno, uma maior abertura económica ao exterior, um elevado nível de produtividade e boas instituições são mais propensos a receber IDE no setor dos bens transacionáveis. Os resultados sugerem também que a distância física não representa um obstáculo tão difícil de transpor para o IDE direcionado ao setor dos bens transacionáveis como parece representar para o IDE agregado. A partilha de uma fronteira comum entre dois países, nomeadamente, não parece ter qualquer impacto na atração de IDE para o sector dos bens transacionáveis, ainda que parece ter na atração do IDE agregado. Este trabalho utiliza um modelo de gravidade modificado para comparar diferentes métodos, especificações e variáveis, a fim de obter resultados robustos.
Researchers usually investigate the determinants of aggregated Foreign Direct Investment (FDI), although there is evidence that the sectoral distribution of FDI matters and that too much FDI in the non-tradable sector can exacerbate external imbalances. This thesis differs from most of existing studies on FDI determinants by focusing on tradable sector FDI. I show that countries with a large market size, a higher degree of economic openness, a higher productivity level and good institutions are more likely to receive FDI in the tradable sector. I also show that physical distance does not represent an obstacle so hard to transpose for tradable sector FDI as it seems to represent to aggregated FDI. In contrast with results of empirical studies on aggregated FDI, share a common border does not seem to have an impact on the attraction of FDI to the tradable sector. This thesis uses a modified gravity model to compare different methods, specifications and variables in order to obtain robust results.
49
Chimbalu, Mkondana. "Determinants of Foreign Direct Investment in Malawi." Master's thesis, Faculty of Commerce, 2019. http://hdl.handle.net/11427/30575.
Full textAbstract:
This study examines empirically the determinants of Foreign Direct Investment in Malawi, by
employing annual data that covered the period 1970-2016. The study used a dynamic model, the
Autoregressive Distributed Lag bounds-testing approach to co-integration and error correction
model, to explore these determinants. The study found that a long run relationship between Foreign
Direct Investment and the selected determinants: market size, infrastructure, human capital, broad
money, real exchange rate, population growth, government consumption, and inflation. The study
further found that the determinants that were significantly associated with attracting Foreign Direct
Investment in Malawi included infrastructure, broad money and government consumption.
Specifically, the study results found that government consumption is negatively and significantly
associated with Foreign Direct Investment both in the short and long run; infrastructure is
positively and significantly associated with Foreign Direct Investment in the long run; broad money
is positively and significantly associated with Foreign Direct Investment in the long run; and no
significant relationship was found between market size, human capital, real exchange rate,
population growth, and inflation both in the short and long run. These results have important policy
implications for Malawi. These include the need for Malawian authorities to focus on strategies
that create incentives to increase the level of physical infrastructure in the country; implementing
monetary policies, fiscal incentives and subsidies that promote financial development; as well as
promoting FDI-friendly government policies that minimise the impact of distortionary fiscal
policies such as distortionary taxation and deregulation.
50
Chimbalu, Mkondana. "Determinants of Foreign Direct Investment in Malawi." Master's thesis, Faculty of Commerce, 2018. http://hdl.handle.net/11427/30030.
Full textAbstract:
This study examines empirically the determinants of Foreign Direct Investment in Malawi, by employing annual data that covered the period 1970-2016. The study used a dynamic model, the Autoregressive Distributed Lag bounds-testing approach to co-integration and error correction model, to explore these determinants. The study found that a long run relationship between Foreign Direct Investment and the selected determinants: market size, infrastructure, human capital, broad money, real exchange rate, population growth, government consumption, and inflation. The study further found that the determinants that were significantly associated with attracting Foreign Direct Investment in Malawi included infrastructure, broad money and government consumption. Specifically, the study results found that government consumption is negatively and significantly associated with Foreign Direct Investment both in the short and long run; infrastructure is positively and significantly associated with Foreign Direct Investment in the long run; broad money is positively and significantly associated with Foreign Direct Investment in the long run; and no significant relationship was found between market size, human capital, real exchange rate, population growth, and inflation both in the short and long run. These results have important policy implications for Malawi. These include the need for Malawian authorities to focus on strategies that create incentives to increase the level of physical infrastructure in the country; implementing monetary policies, fiscal incentives and subsidies that promote financial development; as well as promoting FDI-friendly government policies that minimise the impact of distortionary fiscal policies such as distortionary taxation and deregulation.