What Drives Foreign Direct Investment to BRICS?

Mumtaz Shah and Zahid Ali

MPRA Paper from University Library of Munich, Germany

Abstract: This study explores the factors that drive foreign direct investment (FDI) to Brazil, China, India, Russia and South Africa that are collectively known as “BRICS”. By employing random effect panel estimation technique on the panel data for the years 1990-2011, the study found that market size, trade openness, GDP growth rate, macroeconomic stability and infrastructure availability are the main location factors for FDI in the BRICS countries. While, WTO accession has an insignificant impact on FDI in BRICS.

Keywords: FDI; BRICS Countries; Market Size; Trade Openness; Macroeconomic Stability; Infrastructure Availability. (search for similar items in EconPapers)
JEL-codes: C23 F13 F14 F21 F23 (search for similar items in EconPapers)
Date: 2016-06
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Citations: View citations in EconPapers (13)

Published in PUTAJ – Humanities and Social Sciences 1.23(2016): pp. 51-66

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:107252

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