Determinants of Foreign Direct Investment in Developed and Emerging Markets

Jerzy Rozanski () and Pawel Sekula ()
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Jerzy Rozanski: University of Lodz
Pawel Sekula: University of Lodz

Dynamic Econometric Models, 2016, vol. 16, 49-64

Abstract: We analyzed FDI determinants for 26 developed economies and 25 emerging markets. The analysis was conducted using a panel regression model for the period 1996-2014 as well as macroeconomic and institutional variables. Growth dynamics, increasing welfare, and the size of the market positively influence FDI. Among institutional variables, government stability index and the rule of law index exert positive impact upon FDI. Misgivings with respect to the quality of democracy and corruption do not undermine FDI inflow.

Keywords: developed economies; emerging markets; foreign direct investment; institutional determinants; panel data (search for similar items in EconPapers)
JEL-codes: F21 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:cpn:umkdem:v:16:y:2016:p:49-64

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