1 |
Adnan, Z., Chowdhury, M., & Mallik, G. (2019). Foreign direct investment and total factor productivity in South Asia. Theoretical & Applied Economics, 26(2), 105-120.
|
2 |
Aizenman, J., & Noy, I. (2006). FDI and trade-Two-way linkages? The Quarterly Review of Economics and Finance, 46(3), 317-337.
DOI
|
3 |
Akhtaruzzaman, M., Berg, N., & Lien, D. (2017). Confucius Institutes and FDI flows from China to Africa. China Economic Review, 44, 241-252.
DOI
|
4 |
Ali, K. H., Faki, S. M., & Suleiman, S. H. (2018). Determinants of Foreign Direct Investment Inflows in the Southern African Development Community (SADC) Member Countries. International Journal of Science and Business, 2(4), 616-623.
|
5 |
Amighini, A. A., & Franco, C. (2013). A sector perspective on Chinese outward FDI: The automotive case. China Economic Review, 27, 148-161.
DOI
|
6 |
Arita, S. (2013). Do emerging multinational enterprises possess South-South FDI advantages? International Journal of Emerging Markets, 8(4), 329-353.
DOI
|
7 |
Asiamah, M., Ofori, D., & Afful, J. (2019). Analysis of the determinants of foreign direct investment in Ghana. Journal of Asian Business and Economic Studies, 26(1), 56-75.
DOI
|
8 |
Asiedu, E. (2013). Foreign direct investment, natural resources and institutions. International Growth Centre. 47.
|
9 |
Aziz, N., & Khalid, U. (2019). Armed conflict, military expenses and FDI inflow to developing countries. Defence and Peace Economics, 30(2), 238-251.
DOI
|
10 |
Balan, F. (2019). The effects of political and financial risks on foreign direct investments to the MENAT countries, Theoretical & Applied Economics, 2(2), 121-138.
|
11 |
Grujic, N., & Kyrkilis, D. (2020). Determinants of Foreign Direct Investment in Serbia: Is the Concept of Distance Relevant? In: International Business and Emerging Economy Firms (pp. 129-162). Springer.
|
12 |
Gujarati, D. N. (2011). Basic Econometrics (5th ed.). New York, NY: McGraw-Hill.
|
13 |
Gygli, S., Haelg, F., Potrafke, N., & Sturm, J.-E. (2019). The KOF globalisation index-revisited. The Review of International Organizations, 14(3), 543-574.
DOI
|
14 |
Hair Jr, J. F., Black, W. C., Babin, B. J., Anderson, R. E., & Tatham, R. L. (2010). SEM: An introduction. Multivariate Data Analysis: A Global Perspective, 629-686.
|
15 |
Hausman, J. A. (1978). Specification tests in econometrics. Econometrica: Journal of the Econometric Society, 1251-1271.
|
16 |
Huber, P. J. (1967). The behavior of maximum likelihood estimates under nonstandard conditions. In: Proceedings of the fifth Berkeley symposium on mathematical statistics and probability (Vol. 1, pp. 221-233). University of California Press.
|
17 |
Jadhav, P. (2012). Determinants of foreign direct investment in BRICS economies: Analysis of economic, institutional and political factor. Procedia-Social and Behavioral Sciences, 37, 5-14.
DOI
|
18 |
Jaworek, M., Karaszewski, W. M., & Szalucka, M. (2018). Foreign direct investment determinants among Polish companies: Greenfield investments vs. acquisitions. Trends Economics and Management, 12(31), 19-30.
DOI
|
19 |
Jayaraman, T. K., & Singh, B. (2007). Foreign direct investment and employment creation in Pacific Island countries: an empirical study of Fiji. ARTNeT Working Paper Series.
|
20 |
Kalirajan, K., & Singh, K. (2010). Economic liberalisation strategies and poverty reduction across Indian states. Asian-Pacific Economic Literature, 24(1), 26-42.
DOI
|
21 |
Stiglitz, J. E. (2000). Capital market liberalization, economic growth, and instability. World Development, 28(6), 1075-1086.
DOI
|
22 |
Sumner, A. (2005). Is foreign direct investment good for the poor? A review and stocktake. Development in Practice, 15(3-4), 269-285.
DOI
|
23 |
Ta, V. L., Le, Q. H., Nguyen, T. L. H., Phan, T. T., & Do, A. D. (2020). Investigating foreign direct investment attractive factors of Korean direct investment into Vietnam. Journal of Asian Finance, Economics and Business, 7(6), 117-125. https://doi.org/10.13106/jafeb.2020.vol7.no6.117
DOI
|
24 |
Tang, S., Selvanathan, E. A., & Selvanathan, S. (2007). The relationship between foreign direct investment and tourism: empirical evidence from China. Tourism Economics, 13(1), 25-39.
DOI
|
25 |
Tintin, C. (2013). Communist and Post-Communist Studies The determinants of foreign direct investment in fl ows in the Central and Eastern European Countries: The importance of institutions. Communist and Post-Communist Studies, 46(2), 287-298. https://doi.org/10.1016/j.postcomstud.2013.03.006
DOI
|
26 |
Tung, L. T., & Thang, P. N. (2020). Impact of FDI on private investment in the Asian and African developing countries: A panel-data approach. Journal of Asian Finance, Economics and Business, 7(3), 295-302. https://doi.org/10.13106/jafeb.2020.vol7.no3.295
DOI
|
27 |
Vacaflores, D. E. (2011). Was Latin America correct in relying in foreign direct investment to improve employment rates? Applied Econometrics and International Development, 11(2), 101-122.
|
28 |
Vadlamannati, K. C. (2008). Do insurance sector growth and reforms affect economic development? Empirical evidence from India. Margin: The Journal of Applied Economic Research, 2(1), 43-86.
DOI
|
29 |
Vinesh, S. R., Boopendra, S., & Hemraze, D. (2014). Determinants of foreign direct investment in SADC: An empirical analysis. The Business & Management Review, 4(4), 146.
|
30 |
Balasubramanyam, V. N. (2002). Foreign direct investment in developing countries: Determinants and impact. New Horizons for Foreign Direct Investment, 548, 187.
|
31 |
Baltagi, B. (2008). Econometric analysis of panel data. Hoboken, NJ: John Wiley & Sons.
|
32 |
Barteková, E., & Ziesemer, T. H. W. (2019). The impact of electricity prices on foreign direct investment: evidence from the European Union. Applied Economics, 51(11), 1183-1198. https://doi.org/10.1080/00036846.2018.1524983
DOI
|
33 |
Baskoro, L. S., Hara, Y., & Otsuji, Y. (2019). Labor Productivity and Foreign Direct Investment in the Indonesian Manufacturing Sector. Signifikan: Jurnal Ilmu Ekonomi, 8(1), 9-22.
DOI
|
34 |
Belgibayeva, A., & Plekhanov, A. (2019). Does corruption matter for sources of foreign direct. Review of World Economics, 155(3), 487-510. https://doi.org/10.1007/s10290-019-00354-1
DOI
|
35 |
Blomstrom, M., & Wang, J. Y. (1989). Foreign investment and technology transfer: A simple model. NBER Working Paper (w2958).
|
36 |
Bokpin, G. A., Mensah, Lord, & Asamoah, M. E. (2015). Foreign direct investment and natural resources in Africa. Journal of Economic Studies, 42(4), 608-621.
DOI
|
37 |
Botello, J. C., Davila, M., & Vargas, C. (2019). How does Colombia attract foreign direct investment?. International Journal of Business and Economic Development, 6(3), 1-14.
|
38 |
Bouzahzah, M., & El Menyari, Y. (2013). International tourism and economic growth: The case of Morocco and Tunisia. The Journal of North African Studies, 18(4), 592-607.
DOI
|
39 |
Brenton, P., Di Mauro, F., & Lucke, M. (1999). Economic integration and FDI: An empirical analysis of foreign investment in the EU and in Central and Eastern Europe. Empirica, 26(2), 95-121.
DOI
|
40 |
Katircioglu, S. (2011). The bounds test to the level relationship and causality between foreign direct investment and international tourism: The case of Turkey. E a M: Ekonomie a Management, 14(1), 6-13.
|
41 |
Kok, R., & Ersoy, B. A. (2009). Analyses of FDI determinants in developing countries. International Journal of Social Economics, 36(1-2), 105-123.
DOI
|
42 |
Kolstad, I., & Wiig, A. (2012). What determines Chinese outward FDI? Journal of World Business, 47(1), 26-34.
DOI
|
43 |
Kumari, R., & Sharma, A. K. (2017). Determinants of foreign direct investment in developing countries: a panel data study. International Journal of Emerging Markets, 12(4), 658-682.
DOI
|
44 |
Larbi-Siaw, O., Donkor, D. O., & Dankwah, G. A. (n.d.). Capital Market Development and Economic Growth's Pertinent Classification. ADRRI Journal (Multidisciplinary), 26(1), 78-102.
|
45 |
Li, C., & Luo, Y. (2018). Spillover Effect of Foreign Direct Investment: Evidence from the West Midlands of England, (May). Economic Issues, 24(1), 1-19.
|
46 |
Lipsey, R. E. (2004). Home-and host-country effects of foreign direct investment. In: Challenges to globalization: Analyzing the economics (pp. 333-382). University of Chicago Press.
|
47 |
Lu, W., Kasimov, I., Karimov, I., & Abdullaev, Y. (2020). Foreign Direct Investment, Natural Resources, Economic Freedom, and Sea-Access: Evidence from the Commonwealth of Independent States. Sustainability, 12(8), 3135.
DOI
|
48 |
Meyer, K. E. (2004). Perspectives on multinational enterprises in emerging economies. Journal of International Business Studies, 35(4), 259-276.
DOI
|
49 |
Meyer, K. E., & Sinani, E. (2009). When and where does foreign direct investment generate positive spillovers? A meta-analysis. Journal of International Business Studies, 40(7), 1075-1094.
DOI
|
50 |
White, H. (1980). A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica, 48(4), 817-838.
DOI
|
51 |
Wooldridge, J. M. (2010). Econometric analysis of cross section and panel data. Cambridge, MA: MIT Press.
|
52 |
Zhang, Q., Chen, L., & Feng, T. (2014). Mediation or Moderation? The Role of R&D Investment in the Relationship between Corporate Governance and Firm Performance: Empirical Evidence from the C hinese IT Industry. Corporate Governance: An International Review, 22(6), 501-517.
DOI
|
53 |
Buckley, P. J., Clegg, L. J., Cross, A. R., Liu, X., Voss, H., & Zheng, P. (2007). The determinants of Chinese outward foreign direct investment. Journal of International Business Studies, 38(4), 499-518.
DOI
|
54 |
Breusch, T. S., & Pagan, A. R. (1980). The Lagrange multiplier test and its applications to model specification in econometrics. The Review of Economic Studies, 47(1), 239-253.
DOI
|
55 |
Buchanan Allen, E. (2011). Beyond humanity? The ethics of biomedical enhancement. Oxford, UK: Oxford University Press.
|
56 |
Buchanan Bonnie, G., Le, Q. V, & Rishi, M. (2012). Foreign direct investment and institutional quality: Some empirical evidence. International Review of Financial Analysis, 21, 81-89.
DOI
|
57 |
Canh, N. P., Binh, N. T., Thanh, S. D., & Schinckus, C. (2020). Determinants of foreign direct investment inflows: The role of economic policy uncertainty. International Economics, 161, 159-172.
DOI
|
58 |
Chang, S.-C. (2014). The determinants and motivations of China's outward foreign direct investment: A spatial gravity model approach. Global Economic Review, 43(3), 244-268.
DOI
|
59 |
Cieslik, A. (2020). Determinants of foreign direct investment from OECD countries in Poland. Eurasian Economic Review, 10(1), 9-25.
DOI
|
60 |
Cook, R. D., & Weisberg, S. (1983). Diagnostics for heteroscedasticity in regression. Biometrika, 70(1), 1-10.
DOI
|
61 |
Cristina, J., & Ioana, P. S. M. (2020). Some Determinants of Economic Growth in Romania: Foreign Trade and Foreign Direct Investments. International Journal of Economics and Finance, 12(12), 81-88.
DOI
|
62 |
Breusch, T. S., & Pagan, A. R. (1979). A simple test for heteroscedasticity and random coefficient variation. Econometrica: Journal of the Econometric Society, 1287-1294.
|
63 |
Mgammal, M. H. (2012). The Effect of Inflation, Interest Rates and Exchange Rates on Stock Prices Comparative Study Among Two Gcc Countries. International Journal of Finance and Accounting, 1(6), 179-189.
|
64 |
Mina, A., Ramlogan, R., Tampubolon, G., & Metcalfe, J. S. (2007). Mapping evolutionary trajectories: Applications to the growth and transformation of medical knowledge. Research Policy, 36(5), 789-806.
DOI
|
65 |
Mina, W. (2020). Do GCC market-oriented labor policies encourage inward FDI flows? Research in International Business and Finance, 51, 101092.
DOI
|
66 |
Moosa, I. A., & Cardak, B. A. (2006). The determinants of foreign direct investment: An extreme bounds analysis. Journal of Multinational Financial Management, 16(2), 199-211.
DOI
|
67 |
Moshirian, F. (2001). International investment in financial services. Journal of Banking & Finance, 25(2), 317-337.
DOI
|
68 |
Mukhopadhyay, D., & Das, D. (2018). FDI Inflows and Military Expenditure: A Study Across the Emerging Market Economies. In Handbook of Research on Military Expenditure on Economic and Political Resources (pp. 211-225). IGI Global.
|
69 |
Nguyen, H. H. (2020). Impact of foreign direct investment and international trade on economic growth: Empirical study in Vietnam. Journal of Asian Finance, Economics and Business, 7(3), 323-331. https://doi.org/10.13106/jafeb.2020.vol7.no3.323
DOI
|
70 |
Olofin, O. P. (2019). Analysis of Foreign Direct Investment and Economic Growth in Nigeria: Application of Spatial Econometrics and Fully Modified Ordinary Least Square (FMOLS). Asian Journal of Advanced Research and Reports, 6(1), 1-15. https://doi.org/10.1177/0015732519851631
DOI
|
71 |
Papageorgiadis, N., Xu, Y., & Alexiou, C. (2019). 1 The Effect of European Intellectual Property Institutions on Chinese Outward Foreign Direct Investment. Management and Organization Review, 15(1), 81-110. https://doi.org/10.1017/mor.2018.38
DOI
|
72 |
Abdul Hadi, A. R., Zafar, S., Iqbal, T., Zafar, Z., & Iqbal Hussain, H. (2018). Analyzing sectorial level determinants of inward foreign direct investment (FDI) in ASEAN. Polish Journal of Management Studies, 17(2), 7-17.
DOI
|
73 |
Cyrus, T. L., Iscan, T. B., & Starky, S. (2006). Investor protection and international investment positions: An empirical analysis. International Finance, 9(2), 197-221.
DOI
|
74 |
Dike, C. (2018). Effects of Foreign Direct Investment in SubSaharan Africa economic growth: evidence from panel data analysis. International Journal of Economics and Financial Issues, 8(2), 255.
|
75 |
Dinga, M., & Munich, D. (2010). The impact of territorially concentrated FDI on local labor markets: Evidence from the Czech Republic. Labour Economics, 17(2), 354-367.
DOI
|
76 |
Dondashe, N., & Phiri, A. (2018). Determinants of FDI in South Africa: Do macroeconomic variables matter? MPRA Paper No. 83636, Department of Economics, Faculty of Business and Economic Studies, Nelson Mandela University.
|
77 |
Eicker, F. (1963). Asymptotic normality and consistency of the least squares estimators for families of linear regressions. The Annals of Mathematical Statistics, 34(2), 447-456.
DOI
|
78 |
El Menyari, Y. (2020). Effect of tourism FDI and international tourism to the economic growth in Morocco: Evidence from ARDL bound testing approach. Journal of Policy Research in Tourism, Leisure and Events, 1-21.
|
79 |
Erfani, G. R., & Berger, J. (2020). Determinants of Foreign Direct Investment in Asian Countries: An Empirical Analysis. International Journal of Economic Behavior, 10(1), 3-13.
|
80 |
Galego, A., Vieira, C., & Vieira, I. (2004). The CEEC as FDI attractors: a menace to the EU periphery? Emerging Markets Finance and Trade, 40(5), 74-91.
DOI
|
81 |
Gramling, A. A., Maletta, M. J., Schneider, A., & Church, B. K. (2004). The role of the internal audit function in corporate governance: A synthesis of the extant internal auditing literature and directions for future research. Journal of Accounting Literature, 23, 194.
|
82 |
Greene, W. (2003). Econometric Analysis (5th ed.). Upper Saddle River, NJ: Prentice Hall.
|
83 |
Phan, N. H., & Nguyen, L. Q. T. (2020). FDI, Corruption and development of public service sectors in ASEAN countries. The Journal of Asian Finance, Economics, and Business, 7(9), 241-249. https://doi.org/10.13106/jafeb.2020.vol7.no9.241
DOI
|
84 |
Pigato, M. A., Black, S. J., Dussaux, D., Mao, Z., McKenna, M., Rafaty, R., & Touboul, S. (2020). Trade and Foreign Direct Investment as Channels of Low-Carbon Technology Transfer. Book Chapter.
|
85 |
Radosevic, S., Varblane, U., & Mickiewicz, T. (2003). Foreign direct investment and its effect on employment in Central Europe. Transnational Corporations, 12(1), 53-90.
|
86 |
Raicevic, B., Ignjatijevic, S., & Milojevic, I. (2016). Financial analysis of foreign direct investment on economic growth of developing countries. Economics of Agriculture, 63(2), 649-663.
|
87 |
Ramasamy, B., Yeung, M., & Laforet, S. (2012). China's outward foreign direct investment: Location choice and firm ownership. Journal of World Business, 47(1), 17-25.
DOI
|
88 |
Root, F. R., & Ahmed, A. A. (1979). Empirical determinants of manufacturing direct foreign investment in developing countries. Economic Development and Cultural Change, 27(4), 751-767.
DOI
|
89 |
Saini, N., & Singhania, M. (2018). Determinants of FDI in developed and developing countries: a quantitative analysis using GMM. Journal of Economic Studies, 45(2), 348-382.
DOI
|
90 |
Setser, B. (2008). What to Do with over a Half a Trillion a Year? Understanding the Changes in the Management of China's Foreign Assets. Council on Foreign Relations, January, 15.
|
91 |
Shah, M. H. (2018). Bilateral Investment Treaties and Multinational Investors: Evidence from FDI in the MENA States. Paradigms, 12(1), 94-102.
|
92 |
Sharma, R., & Mandeep, K. (2013). Causal links between foreign direct investments and Trade: A Comparative study of India and China. Eurasian Journal of Business and Economics, 6(11), 75-91.
|
93 |
Adames, L. (2000). The relationship between foreign direct investment and economic growth in Mexico, 1971-1995. Unidad de Investigaciones Economicas, Departamento de Economia, Universidad.
|