Inward foreign direct investment in selected asian countries
Date
2008-03
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Abstract
This paper studies some of the major determinants of inward foreign direct investment (FDI) using data from thirty two Asian economies (Bahrain, Bangladesh, Brunei Darussalam, Cambodia, China, India, Indonesia, Iran, Iraq, Israel, Japan, Jordan, South Korea, Kuwait, Laos, Lebanon, Malaysia, Maldives, Mongolia, Myanmar, Nepal, Oman, Pakistan, Philippines, Qatar, Saudi Arabia, Singapore, Sri Lanka, Syria, Thailand, United Arab Emirates, and Vietnam) during the period 1981-2004. Using fixed effects panel data estimation, this paper examines how and to what extent the following factors: previous year's FDI, real GDP, inflation, nominal exchange rate, openness, political stability, illiteracy rate, and infrastructure affect FDI inflows.
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Keywords
Foreign investment, Foreign direct investment, Direct investment, Investment, Asian countries