World Economic Policy Uncertainty and Foreign Direct Investment
DÃ©sirÃ© Avom (),
Henri Njangang () and
Larissa Nawo ()
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DÃ©sirÃ© Avom: Unversity of YaoundÃ© 2 Soa, CEREG
Henri Njangang: University of Dschang, LAREFA
Larissa Nawo: University of Dschang, LAREFA
Economics Bulletin, 2020, vol. 40, issue 2, 1457-1464
Using a new world economic uncertainty index and applying the Generalised Method of Moments, this paper investigates the effect of world economic policy uncertainty on foreign direct investment on a large panel of 138 countries over the period 1996-2018. With sample differentiated according to IMF classification, the results show that overall, world economic policy uncertainty reduces foreign direct investment and that, the magnitude of the effect is greater in emerging and developing countries than in advanced economies.
Keywords: World economic policy uncertainty; FDI; GMM (search for similar items in EconPapers)
JEL-codes: D8 F2 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-20-00128
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