کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
992288 935743 2012 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Governance, Private Investment and Foreign Direct Investment in Developing Countries
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Governance, Private Investment and Foreign Direct Investment in Developing Countries
چکیده انگلیسی

SummaryThis paper uses annual aggregate data for 46 developing countries covering the period 1996–2009 to investigate if FDI crowds out domestic private investment and if alternative elements of governance have differing effects on the relationship between FDI and private investment. Results suggest that total investment (FDI and private) is greater in countries with good governance, there is evidence of crowding out (FDI displaces domestic private investment), and the extent of crowding out is related to governance. Corruption and political instability are the governance indicators that appear to have the greatest impact on investment. Political stability is found to be the most important aspect of governance in terms of the relationship between FDI and domestic private investment: an increase in FDI has the greatest effect on reducing private investment (but increasing total investment) in politically stable regimes.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: World Development - Volume 40, Issue 3, March 2012, Pages 437–445
نویسندگان
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