INSTITUTIONAL FACTORS AND FOREIGN DIRECT INVESTMENT INFLOWS: EMPIRICAL EVIDENCE FROM LATIN AMERICAN AND CARIBBEAN COUNTRIES
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Creator Qurat ul Ain, Tahir Yousaf, Yasmeen Akhtar
Title INSTITUTIONAL FACTORS AND FOREIGN DIRECT INVESTMENT INFLOWS: EMPIRICAL EVIDENCE FROM LATIN AMERICAN AND CARIBBEAN COUNTRIES
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Publisher TuEngr Group
Publication Year 2563
Journal Title International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies
Journal Vol. 11
Journal No. 1
Page no. 11A01L: 1-13
Keyword Heteroscedasticity, FDI, Economic institutions factors, LAC, Panel data.
URL Website http://TuEngr.com/Vol11_1.html
Website title ITJEMAST V11(1) 2020
ISSN 2228-9860
Abstract The objective of this study is to see the effect of institutional factors on foreign Direct investment inflows (FDI) in the sample of twenty four Latin American and Caribbean (LAC) countries. This study uses panel data over the period of 1995-2015. The fixed-effect model after controlling for heteroscedasticity is used for empirical examination. The pragmatic result recommends that the countries can appeal more Foreign Direct Investment inflows if they improve their institutional factors despite lacking in a high level of human capital, trade openness and market size. However, the development of the country appears to have an equal significance as that of institutional factors and is significant at all levels in Latin American and Caribbean countries.
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