What drives FDI policy liberalization? An empirical investigation

Cooray, Arusha; Tamazian, Artur; Vadlamannati, Krishna Chaitanya

doi:10.1016/j.regsciurbeco.2014.06.008

Cited by 22 publications

(12 citation statements)

References 56 publications

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“…Moreover, the need for accelerating reform is amplified by increasing competition of attracting FDI inflows among regional peers in South East Asia. Evidence suggested that favourable policy changes to attract FDI such as liberalisation and regulatory reform in one country were positively correlated with FDI policy changes elsewhere (Cooray, Tamazian and Vadlamannati, 2014). This observation implies that the country needs to respond to external pressures to push through reforms to compete with regional peers to attract foreign investors.…”

Section: Discussionmentioning

confidence: 99%

Determinants of Foreign Direct Investment Inflows to Myanmar

2021

Bulletin of Applied Economics

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The fast growth of Myanmar in recent decades was brought by capital accumulation, supported by foreign direct investment (FDI) and productivity improvement. A vector error correction model (VECM) analysis on the determinants of FDI inflows to Myanmar from 2000 to 2018 revealed the existence of a positive and long-term relationship between FDI inflows, and the quality of public sector governance and human capital development. The result underpins the importance of implementing reform measures to create a business-friendly policy framework to attract foreign investors.

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Section: Discussionmentioning

confidence: 99%

Determinants of Foreign Direct Investment Inflows to Myanmar

2021

Bulletin of Applied Economics

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“…Especially developing countries compete among each other for FDI by continuously lowering FDI barriers (Cooray et al 2014) which will help Germany to exploit them. There is lots of potential in developing countries, especially in the service sector in order to boost their economy, considering that by the end of 2010 only 15% of German outward FDI stock went to developing countries compared to 85% in developed countries (Jost 2012).…”

Section: German Outward Fdimentioning

confidence: 99%

Cultural logic of German foreign direct investment (FDI) in service sector

Nayak

Scheib²

2020

Economic Structures

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One of the most critical and challenging key decisions commonly discussed in the field of international business is the location decision of Foreign Direct Investment (FDI) since its failure causes impactful consequences, financially as well as for the brand image (Galan et al. 2007; Johnson et al. 2006). For this reason, knowledge about why one country invests in another and what influences it is vital for governments and multinational enterprise (MNE) managers alike in order to ensure effective policy-making and to assess potential costs and benefits for firms (Aguiar et al. 2006). Currently, there is a controversial discussion about the decisive factors and polices that influence FDI in the global economy which is also due to the plethora of research about the determinants of FDI which does not find consensus (Du et al. 2012; Mellahi and Guermat 2001; Zait et al. 2014). Consequently, it is impossible to assess all possible determinants of FDI, and hence this dissertation will look at German FDI abroad and how location choices for this type of investment are influenced by cultural differences between home and host country. There are many forms of distance; i.e., geographical, political or economic, however, as Gomez-Mejia and Palich (1997) pointed out, cultural differences are an inevitable challenge for an internationally expanding firm and crucial to consider. Despite its alleged importance, the plethora of research to determine the reason for FDI abroad all too

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“…In our case, both lobbies are concerned with the degree of liberalization of FDI policies, ( ) v ε , but with opposed interests, and therefore, compete for influence. The domestic lobby supports a low level of liberalization as it seeks protection from competing foreign investors 13 . On the other hand, the MNC lobby supports more liberalization as it seeks market access.…”

Section: The Political Processmentioning

confidence: 99%

“…The literature has focused on spatial econometrics to explore the extent of competition in tax, environmental standards, economic policy reforms, bilateral investment treaties and labor standards. The reader may refer to Cooray et al [13] for an excellent survey of this literature.…”

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confidence: 99%

FDI Regulatory Reform and Political Beliefs: A Political Economy Approach

Jaeck¹,

Kim²

2016

TEL

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This paper analyzes the setting of a reform towards liberalization of FDI policies as a political compromise pressured by the lobbying of a domestic lobby and a foreign MNC lobby. Using a common agency model of lobbying, we show that, under specific conditions, the interest group's influence is not distortive for a critical distribution of supporters over non-supporters of the reform. Also, our political economy framework shows that exogenous provision of information on the beneficial effects of FDI liberalization paradoxically weakens the reform process.

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What drives FDI policy liberalization? An empirical investigation

Cited by 22 publications

References 56 publications

Determinants of Foreign Direct Investment Inflows to Myanmar

Determinants of Foreign Direct Investment Inflows to Myanmar

Cultural logic of German foreign direct investment (FDI) in service sector

FDI Regulatory Reform and Political Beliefs: A Political Economy Approach

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