Do Institutions Matter for Foreign Direct Investment?

被引:158
|
作者
Ali, Fathi A. [1 ]
Fiess, Norbert [1 ]
MacDonald, Ronald [1 ]
机构
[1] Univ Glasgow, Dept Econ, Glasgow, Lanark, Scotland
关键词
Foreign direct investment; Institutions; Sectoral FDI; DEVELOPING-COUNTRIES; FDI INFLOWS; DETERMINANTS; CORPORATIONS; REPRESSION; GOVERNANCE; CIVIL;
D O I
10.1007/s11079-010-9170-4
中图分类号
F [经济];
学科分类号
02 ;
摘要
Using a panel of 69 countries during 1981 and 2005, we investigate the role of institutions in determining foreign direct investment (FDI). We find that institutions are a robust predictor of FDI and that the most significant institutional aspects are linked to propriety rights. Using a novel data set, we also study the impact of institutions on FDI at the sectoral level. We find that institutions do not have a significant impact on FDI in the primary sector but that institutional quality matters for FDI in manufacturing, and particularly in services.
引用
收藏
页码:201 / 219
页数:19
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