Determinant of FDI: Evidence from Organization of the Petroleum Exporting Countries (OPEC)

Ali Fegheh Majidi, Hojatollah Hashembeigi, Parvin Alimoradi Afshar and Vahid Hashembeigi

Asian Economic and Financial Review, 2017, vol. 7, issue 3, 258-266

Abstract: The paper examined the determinants of foreign direct investment inflows in OPEC countries. This paper aims to find out the major determinants of foreign direct investment in the periods 1985 - 2014 using the Generalized Method of Moment (GMM) and panel data. The results show that GDP, exchange rate, imports, FDI in previous periods and gross fixed capital formation have had a positive and significant effect and government size has a negative and significant effect on FDI inflow in OPEC. Also, inflation and economic openness have no significant effect on FDI.

Keywords: FDI; OPEC; GMM; Investment; Economic openness. (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://archive.aessweb.com/index.php/5002/article/view/1554/2219 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:asi:aeafrj:v:7:y:2017:i:3:p:258-266:id:1554

Access Statistics for this article

More articles in Asian Economic and Financial Review from Asian Economic and Social Society
Bibliographic data for series maintained by Robert Allen ().