The attractiveness of countries for FDI. A fuzzy approach

Marina Murat and Tommaso Pirotti

Center for Economic Research (RECent) from University of Modena and Reggio E., Dept. of Economics "Marco Biagi"

Abstract: This paper presents a new method for measuring the attractiveness of countries for FDI. A ranking is built using a fuzzy expert system whereby the function producing the final evaluation is not necessarily linear and the weights of the variables, usually defined numerically, are replaced by linguistic rules. More precisely, weights derive from expert opinions and from econometric tests on the determinants of countries’ FDI. As a second step, the view-point of investors from two different investing economies, the UK and Italy, are taken into account. Country-specific factors, such as the geographic, cultural and institutional distances existing between the investing and the partner economies are included in the analysis. This shows how the base ranking changes with the investor’s perspective.

Keywords: foreign direct investments; fuzzy expert systems; attractiveness (search for similar items in EconPapers)
JEL-codes: C53 F17 F21 (search for similar items in EconPapers)
Pages: pages 19
Date: 2010-11
New Economics Papers: this item is included in nep-cmp and nep-int
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Citations: View citations in EconPapers (2)

Forthcoming in FUZZY ECONOMIC REVIEW

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Journal Article: The attractiveness of countries for FDI. A fuzzy approach (2010)
Working Paper: The Attractiveness of Countries for FDI. A Fuzzy Approach (2010)
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