The aim of this paper is to study the determinants of inward foreign direct investments (FDI) at a multi-regional and European level, while focusing on a series of macroeconomic factors, in the FDI receiving countries. Multiple regression analysis and ANOVA analysis of variance are applied. Findings show that the degree of economic freedom is a significant factor of multi-regional inward FDI during the period 2012-2015, but this effect is caused only fiscal freedom, government spending, monetary, trade, and financial freedom. For the more economically and politically stable European countries, the level of economic freedom does not influence their inward FDI. At the same time, market size and level of economic development of the host countries have a positive influence on FDI inflows, while financial markets development, workforce availability and adoption of the International Financial Reporting Standards (IFRS) are not significant determinants.
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