Un estudio comparado de las políticas exteriores económicas: el caso de los países CIVETS.

Barón, Angélica Guerra

doi:10.11144/javeriana.papo19-1.ecpe

Cited by 2 publications

(1 citation statement)

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“…Moreover, different indicators of governance could lead to contrasting results. Nevertheless, none of the published papers have, until the present paper, studied the case of FDI and institutions in the CIVETS economies, despite the increasing research interest towards FDI in the specific group of countries (Guerra Baron 2014;Efeoglu and Christiansen 2014;Petrović-Ran delović et al 2020).…”

Section: Institutional Quality As An Fdi Determinant In Developing An...mentioning

confidence: 87%

FDI and Institutions in BRIC and CIVETS Countries: An Empirical Investigation

Kechagia

Metaxas

2022

Economies

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In recent years, a number of countries with emerging economies have proceeded to use market-oriented strategies, deregulation and reforms in order to attract more foreign investors and attract foreign direct investment (FDI) inflows. The present paper aims to empirically investigate the role of governance in attracting FDI using panel data and comparing two groups of fast-growing emerging countries, namely BRIC (Brazil, Russia, India, China) and CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa). The study includes a panel data analysis using the latest available secondary data ranging from 2002 to 2019. Empirical models are extended and presented. The findings suggest that FDI inflows in BRICS are attracted by rule of law, regulatory quality, political stability and absence of violence, while CIVETS absorb FDI inflows due to control of corruption, political stability, absence of violence, regulatory quality and government effectiveness. The paper contributes to the existing literature since it is the first attempt to investigate the role of governance in attracting FDI in BRIC and CIVETS economies, taking into consideration other FDI determinants. To our knowledge, it is the first paper to study and compare FDI and institutional determinants in the specific groups of emerging countries.

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Section: Institutional Quality As An Fdi Determinant In Developing An...mentioning

confidence: 87%