Economic Freedom and its Impact on Foreign Direct Investment: Global Overview

IF 0.4 Q4 ECONOMICS
Devesh Singh, Zoltán Gál
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引用次数: 23

Abstract

Abstract The purpose of this research is to examine the economic freedom (EF) along with its macroeconomic determinants impact on Foreign Direct Investment (FDI) inflow in South Asia, East Asia, Latin America, Middle East, and North Africa, Northern Europe, Southern Europe, Western Europe, Eastern Europe and Sub Saharan Africa. We use Heritage Foundation economic freedom index data over the period of 1999 to 2018 and employ the stepwise multi regression on variables of business freedom, government spending, tax burden, government integrity, property rights, investment freedom, trade freedom and monetary freedom. The results show that EF has a significant positive impact in South Asia, Latin America, East Asia, North Europe and West Europe. However, for the Middle East and North Africa, East European and South European economies EF has an insignificant influence on FDI inflow.
经济自由及其对外国直接投资的影响:全球概览
摘要本研究的目的是考察南亚、东亚、拉丁美洲、中东和北非、北欧、南欧、西欧、东欧和撒哈拉以南非洲地区的经济自由度及其宏观经济决定因素对外国直接投资流入的影响。我们使用美国传统基金会1999年至2018年的经济自由指数数据,对商业自由、政府支出、税收负担、政府廉洁、产权、投资自由、贸易自由和货币自由等变量进行逐步多元回归。结果表明,教育对南亚、拉丁美洲、东亚、北欧和西欧具有显著的正向影响。然而,对于中东北非、东欧和南欧经济体,对外直接投资对FDI流入的影响不显著。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
1.40
自引率
0.00%
发文量
10
审稿时长
38 weeks
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