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Economic reforms as a tool to attract foreign direct investment: is it a chimera?

机译:经济改革是吸引外国直接投资的工具:这是一种嵌合体吗?

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摘要

The policy implication of the existing literature on foreign direct investment (FDI) inflows is that countries that require FDI can attract it by adopting policy measures that facilitate the emergence of appropriate regulatory and institutional environment, greater integration with the global economy and the development of resources like human capital. We test the plausible hypothesis that, on the contrary, FDI flows are largely path dependent, and our empirical exercise finds prima facie support in favour of this hypothesis. This has obvious implications for FDI flows to poor countries.
机译:现有关于外国直接投资流入的文献的政策含义是,需要外国直接投资的国家可以通过采取有利于出现适当的监管和体制环境,与全球经济进一步融合以及资源开发的政策措施来吸引外国直接投资。像人力资本。相反,我们检验了合理的假设,即FDI的流动在很大程度上取决于路径,并且我们的经验研究发现表面上的支持对该假设的支持。这对流入穷国的外国直接投资具有明显的影响。

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  • 来源
    《Applied Financial Economics Letters》 |2009年第9期|951-956|共7页
  • 作者单位

    Centre for Economic Development and Institutions, Brunei University, United Kingdom;

    Centre for Economic Development and Institutions, Brunei University, United Kingdom;

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  • 原文格式 PDF
  • 正文语种 eng
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