An empirical investigation of FDI inflows in developing economies: Terrorism as a determinant factor

Kechagia, Polyxeni; Metaxas, Theodore

doi:10.1016/j.jeca.2019.e00125

Cited by 23 publications

(21 citation statements)

References 77 publications

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“…The study concluded that market size, tax rates as well as the abundance of skilled labor coupled with cheap labor cost affect a lot the investment decision. Several other studies have come up with similar conclusions are Trevino and Mixon ( 2004), Jiang (2012), Sánchez et al (2014), Belloumi (2014), Chauhan and Kumar (2017), Nielsen et al (2017), Uddin et al (2019), Polyxeni and Theodore (2019), Mahbub and Jonganich (2019), Bolívar and Casanueva (2019), Li et al (2019). The main factors and sub-factors influencing the firms' decisions to choose offshore investment sites are summarized in Table 1.…”

Section: Introductionsupporting

confidence: 55%

Determination the Priority of Factors Influencing Overseas Investment Destinations of Businesses Using an Analytic Hierarchy Process Method

Thanh

Minh²,

Cong

et al. 2021

Int. j. manag. entrep. res

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Because of the great benefits overseas investment brings, countries and businesses are increasingly concerned with the question of an ideal investment destination. Many studies have shown that, factors of the consumption market, the infrastructure and resources, economic and political environment have a significant impact on the decision to choose an investment location, however the priority order of these factors are different for various research spaces. By studying the specific case of Viettel Group - one of the largest telecommunications groups in Vietnam that is having many international investment activities in recent years, the study has been verified the priority order of factors influencing the decision to choose an overseas investment location of this corporation. The research outcomes show that the group of factors that have the most influence on investment decisions is the group "Consumption market", more specifically, the sub-factor "Market Size" is considered more than the others. Keywords: Investment Destinations, Foreign Investment Decision, Analytic Hierarchy Process.

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Section: Introductionsupporting

confidence: 55%

Determination the Priority of Factors Influencing Overseas Investment Destinations of Businesses Using an Analytic Hierarchy Process Method

Thanh

Minh²,

Cong

et al. 2021

Int. j. manag. entrep. res

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show abstract

“…Dunning (2009) argued that macroorganizational and macroeconomic policies pursued by host governments have a more critical role, comparable to the location decision variables considered by MNE's in the 1990s. Other scholars have confirmed the importance of macroeconomic factors in explaining aggregate FDI trends over time (Vasconcellos & Kish, 1998;Boateng, Nisar, & Wu, 2015;Uddin et al, 2019;Polyxeni & Theodore, 2019). Macroeconomic variables in host nations and their effects on the inbound flow of FDI have received little study from researchers to date, even though these factors are potentially essential.…”

mentioning

confidence: 99%

Foreign direct investment inflows to Malaysia: Do macroeconomic policies matter?

Awad¹

2020

Journal of International Studies

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Malaysia plans to become a high-income economy in the coming years via what is called the ETP (Economic Transformation Program). To achieve this, Malaysia requires a sufficient level of foreign capital and thus is implementing appropriate investment initiatives to stimulate economic activity. So far, Malaysia has only been able to attract a small number of foreign investors. With a relatively small amount of FDI flowing into the country, the expectations of the Economic Transformation Program (ETP) that heavily rely on FDI may be challenged. The current paper analyses how selected macroeconomic factors might impact the flow of FDI into Malaysia. The ARDL (Auto-Regressive Distributed Lag) technique was used together with the VAR (Vector Autoregressive Model) on annual data (1970-2017). The study has found that over time, appreciation of the local currency, openness, inflation and labour cost had a significant negative impact on the inward flow of FDI. Conversely, over the longer term, real interest rate and GDP growth produced substantial positive effects on FDI. The findings suggest that when aiming to create an attractive for FDI environment, it is necessary for governments to closely consider macroeconomic policies that lower both production and transaction costs of multinational enterprises.

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“…Several types of stabilities have been investigated in prior studies, such as price stability (C23), exchange rate stability (C21), banking stability (C19), and monetary policy uncertainty (C22) [11,13,43]. For instance, the fluctuation of the exchange rate could be an additional cost and thus encumber the foreign capital inflows [8,13]. The monetary policy uncertainty discourages foreign investment, while banking stability promotes foreign capital inflows [43].…”

Section: Proposed Attributesmentioning

confidence: 99%

“…The frequency of criminal activities in the host country. [7,8,10,23,35,39,41,46,48,49,56,57] PC95 Cultural Distance…”

Section: Pa9 Socials Pc94 Criminal Activitiesmentioning

confidence: 99%

“…The social, economic, and financial aspects showed the attraction toward FDI, together with the regulatory and political aspects [7]. Besides, the FDI allocation is determined by social, financial, political, and institutional aspects, especially for terrorist activity, which will hamper the FDI inflows [8]. The social aspect's attributes, such as technology, culture, innovation, and human capital, captivate the inwards FDI, together with the macroeconomic aspect also proven [9,10].…”

Section: Introductionmentioning

confidence: 99%

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Assessing Sustainable Foreign Direct Investment Performance in Malaysia: A Comparison on Policy Makers and Investor Perceptions

2020

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Sustainable foreign direct investment (SFDI) contributes to the development of the economic, environmental, and social aspects in rational governance practices in Malaysia. Prior studies lack the integration and synthesis of the SFDI attributes from the policymakers and foreign investors’ perceptions. These attributes are measured through the qualitative information and subjective perceptions and need to transform into comparable values. The fuzzy Delphi method is applied to identify the valid set of SFDI attributes and confirms the validity and reliability of these attributes. Moreover, prior studies have not examined the importance and performance of those valid attributes in qualitative information. The fuzzy importance and performance analysis is proposed to assess the attributes’ importance and performance level. The results show that financial, macroeconomic, and institutional policy aspects are among the most important SFDI attributes, together with environmental and social aspects. This study identifies the discrepancies between policymakers and foreign investors and suggests that the financial aspect is the priority of foreign investors that needs to be concentrated for improvements; meanwhile, the institutional and policies and social aspects in performance level are presented as a big contradistinction. The theoretical and policy implications are discussed.

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An empirical investigation of FDI inflows in developing economies: Terrorism as a determinant factor

Cited by 23 publications

References 77 publications

Determination the Priority of Factors Influencing Overseas Investment Destinations of Businesses Using an Analytic Hierarchy Process Method

Determination the Priority of Factors Influencing Overseas Investment Destinations of Businesses Using an Analytic Hierarchy Process Method

Foreign direct investment inflows to Malaysia: Do macroeconomic policies matter?

Assessing Sustainable Foreign Direct Investment Performance in Malaysia: A Comparison on Policy Makers and Investor Perceptions

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