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Foreign direct investment and natural resources

Author

Listed:
  • Vibha Kapuria-Foreman

    (Colorado College)

Abstract

This paper examines the determinants of net FDI inflows in 89 low and middle-income countries for the period 1980-2014. It focuses on the role of institutional and resource abundance in attracting FDI. Democracy, Economic Freedom and Legal and Property Rights attract FDI, as do growth, secondary school enrollment, and openness. However, only coal and forest rents act to positively affect FDI.

Suggested Citation

  • Vibha Kapuria-Foreman, 2022. "Foreign direct investment and natural resources," Economics Bulletin, AccessEcon, vol. 42(4), pages 2200-2213.
    • Handle: RePEc:ebl:ecbull:eb-22-00492
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2022/Volume42/EB-22-V42-I4-P182.pdf
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    References listed on IDEAS

    as
    1. Godwin Okafor & Jenifer Piesse & Allan Webster, 2017. "FDI Determinants in Least Recipient Regions: The Case of Sub†Saharan Africa and MENA," African Development Review, African Development Bank, vol. 29(4), pages 589-600, December.
    2. Godwin Okafor, 2015. "Locational determinants of us outward fdi into sub-saharan Africa," Journal of Developing Areas, Tennessee State University, College of Business, vol. 49(1), pages 187-206, January-M.
    3. Federico Carril-Caccia & Juliette Milgram-Baleix & Jordi Paniagua, 2019. "Foreign Direct Investment in oil-abundant countries: The role of institutions," PLOS ONE, Public Library of Science, vol. 14(4), pages 1-23, April.
    4. Cephas Naanwaab & Malick Diarrassouba, 2016. "Economic freedom, human capital, and foreign direct investment," Journal of Developing Areas, Tennessee State University, College of Business, vol. 50(1), pages 407-424, January-M.
    5. Syed, Hasanat Shah & Hasnat, Hafsa & Li, Junjian, 2011. "Foreign direct investment, cost of war and trade in Pakistan," MPRA Paper 35598, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Foreign Direct Investment; Democracy; Economic Freedom; Legal and Property Rights; Resource Abundance.;
    All these keywords.

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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