Determinants Of Foreign Direct Investment: The Case Of Emerging Markets

Main Article Content

Houssem Rachdi
Mariem Brahim
Khaled Guesmi

Keywords

FDI, Panel Cointegration Structural Breaks, Emerging Countries

Abstract

This paper aims to investigate the relationship between Determinants of Foreign Direct Investment (FDI) inflows and their determinants in 68 Emerging Markets between1984-2011. This paper uses a panel cointegration technique of Pedroni (1999, 2004) and Westerlund and Edgerton (2008) considering both structural breaks and cross-sectional dependence. Cointegration results indicate that there exists a positive long-run relationship between economic growth, openness and FDI and a negative long-run relationship between inflation, real effective exchange rate and FDI.

Downloads

Download data is not yet available.
Abstract 202 | PDF Downloads 625

Most read articles by the same author(s)

1 2 > >>