“…The results of this work can provide policy direction for other fast-growing developing countries that would like to attract FDI. This paper also complements recent literature that has focused on factors determining investment in developing countries, including Bartels et al (2009), Tuomi (2011), Kolstad and Wiig (2011), Darley (2012), Asongu (2012Asongu ( , 2013bAsongu ( , 2013cAsongu ( , 2015, Ajide and Raheem (2016), Xiong et al (2015), Safaee and Geray (2017), and Pautwoe and Piabuo (2017).…”