Economic Freedom and Indian Outward Foreign Direct Investment: An Empirical Analysis

Amar Anwar and Mazhar Mughal

MPRA Paper from University Library of Munich, Germany

Abstract: This study examines the role economic freedom plays in attracting Indian outward foreign direct investment to various countries. Investments by Indian multinationals to various continents are studied along with aggregate investment outflows. Results show that Indian outward FDI do appear to prefer economically free economies. Government size, ease of foreign trade, and market regulations are the aspects of economic freedom Indian investors appear to cherish, while legal structure does not seem to influence the volume of investments by Indian multinationals.

Keywords: Outward FDI; Economic Freedom; Foreign Direct Investment; India (search for similar items in EconPapers)
JEL-codes: F2 O5 (search for similar items in EconPapers)
Date: 2012-09-16, Revised 2012-10-15
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (16)

Published in Economics Bulletin 4.32(2012): pp. 2991-3007

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Related works:
Journal Article: Economic Freedom and Indian Outward Foreign Direct Investment: An Empirical Analysis (2012)
Working Paper: Economic Freedom and Indian Outward Foreign Direct Investment: An Empirical Analysis (2012)
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