The Directionality of Outward FDI and Its Determinants - Findings From Asian Emerging Countries

Pragyanrani Behera, Prajukta Tripathy and Bikash Mishra

Asian Economics Letters, 2021, vol. 3, issue Early View, 1-6

Abstract: This study investigates the determinants of outward foreign direct investment (OFDI) for eight emerging Asian source countries vis-Ã -vis 107 host countries from 2009 to 2016. We employ Bayesian model averaging and the weighted average least squares technique to address the problem of model uncertainty. Our findings reveal that the OFDI position of Asian emerging countries targets developed countries for market- and asset-seeking purposes, emerging countries for market seeking, and most resource-seeking investments are directed to other developing countries.

Keywords: model averaging; asian emerging countries; fdi determinants (search for similar items in EconPapers)
JEL-codes: F21 L72 N25 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ayb:jrnael:54

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Asian Economics Letters is currently edited by Chun-Ping Chang (Shih Chien University, Taiwan) and Professor Chien-Chiang Lee (Nanchang University, China)

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