Does Financial Remoteness Affect Foreign Direct Investment?

Michael Machokoto and Lanre Kassim

Review of Economic Analysis, 2019, vol. 11, issue 2, 219-232

Abstract: "We examine the effect of financial remoteness on foreign direct investment (FDI) using a sample of 173 countries over the period 1970-2015. Our results show that financial remoteness has a significant negative effect on FDI, which suggests that proximity to major financial centres is a key factor in deciding on foreign investments. Our results are robust to alternative measures of financial remoteness and controlling for other determinants of FDI from the literature."

Keywords: "Foreign direct investment; Empirical; Financial remoteness; Proximity" (search for similar items in EconPapers)
JEL-codes: N20 O50 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ren:journl:v:11:y:2019:i:2:p:219-232

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