Determinants of Bilateral FDI Positions: Empirical Insights from ECs Using Model Averaging Techniques

Behera, Pragyanrani; Mishra, Bikash Ranjan

doi:10.1080/1540496x.2020.1837107

Cited by 4 publications

(1 citation statement)

References 55 publications

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“…The characteristics that attract FDI are heterogeneous (Behera and Ranjan-Mishra, 2020), and overall, we have detected a high level of consensus in the literature about the fact that the particular characteristics of host countries influence the final effect of FDI. This is relevant for our research.…”

Section: Literature Reviewmentioning

confidence: 80%

Stock market indices and sustainability: A comparison between them

Dios-Alija

Caballero

Gil-Alana

et al. 2021

Journal of Sustainable Finance & Investment

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This paper deals with the relationship between Foreign Direct Investment from China in Africa and the growth level in five African countries. Based on the high degrees of persistence observed in the data, we use techniques based on long memory models, and our results indicate that of the five countries examined, namely Kenya, Zimbabwe, Zambia, Nigeria and South Africa, only for Nigeria do we find a significant positive relationship between the two variables though under some assumptions, this evidence is also found in the cases of Kenya and South Africa. Several arguments are put forward at the end of the article to justify these results.

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Section: Literature Reviewmentioning

confidence: 80%

Stock market indices and sustainability: A comparison between them

Dios-Alija

Caballero

Gil-Alana

et al. 2021

Journal of Sustainable Finance & Investment

View full text Add to dashboard Cite

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Do the determinants of foreign direct investment have a reverse and symmetric impact on foreign direct divestment?

2022

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Negative foreign direct investment (divestment) between countries has received little attention in international macroeconomics. This is the first country-level study to investigate whether conventional drivers of bilateral foreign direct investment (FDI) have a reverse, but symmetric, impact on foreign direct divestment (FDD). Using bilateral negative and positive FDI data between 126 countries or territories, from 2005 to 2018, we find that conventional gravity variables that have statistically significant effects on FDI, such as host and source country GDP, distance, and source-country remoteness, have similar-signed effects on FDD, rather than opposite-signed effects. Formal testing of whether coefficients on the determinants of the absolute value of divestment are equal but opposite signed to those for investment rejects this hypothesis. The view that what may lead to more FDI may impede FDD is not supported by our empirical findings.

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