文章基本信息

标题：Institutions, macroeconomic policy and foreign direct investment: South Asian countries case
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作者：Muhammad Azam ; Hashim Khan ; A. Imran Hunjra 等
期刊名称：African Journal of Business Management
印刷版ISSN：1993-8233
出版年度：2011
卷号：5
期号：11
页码：4306-4313
DOI：10.5897/AJBM10.1297
语种：English
出版社：Academic Journals
摘要：Recent economic literature suggests that institutional quality factors exert positive effect on foreign direct investment (FDI) inflows. The main focus of this study is to examine the role of institutional factors and macro economic policy factors on FDI inflows in a panel data of seven South Asian countries over the period of 12 years since 1996 to 2007. This study implies that a good institutional quality plays a key role in attractiveness of FDI inflows. A poor macroeconomic policy situation produces negative impact on FDI. Good Institutional quality and poor macroeconomic policy generate negative effect in a combined form on FDI. This study further implies that poor macro economic policy deteriorates institutional quality and creates negative effect on FDI inflows. Incredibility in trade liberalization policy may be a part of poor macro economic policy.
关键词：Institutional quality; macro economic policy; attractiveness; incredibility; South Asia