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Fdi Determinants In Brics

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  • Sebastian-Andrei LABES

    (Romanian Academy, Iasi Branch, PhD candidate Doctoral School of Economics and Business Administration Iasi)

Abstract

In the past two decades the volume of Foreign Direct Investments increased substantially becoming a phenomenon that characterizes the economic environment in the emerging markets. The aim of this working paper is to investigate the Foreign Direct Investments Inflows in the BRICS economies. The research study employs a Panel Data analysis on a sample of 5 countries, the BRICS economies Brazil, Russia, India, China and South Africa and a time series from 1992-2012. The variables taken in consideration are Trade Openness, GDP per capita, Population, Exchange Rate and Human Capital. Our results indicate that the most significant determinants of FDI Inflows are Trade Openness, GDP per capita and Exchange Rate. The value of this work is that it investigates the factors that contribute to the increase of FDI inflows towards the most important emerging economies in the world.

Suggested Citation

  • Sebastian-Andrei LABES, 2015. "Fdi Determinants In Brics," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 7(2), pages 296-308, August.
    • Handle: RePEc:jes:wpaper:y:2015:v:7:i:2:p:296-308
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    References listed on IDEAS

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    Cited by:

    1. Polyxeni Kechagia & Theodore Metaxas, 2022. "FDI and Institutions in BRIC and CIVETS Countries: An Empirical Investigation," Economies, MDPI, vol. 10(4), pages 1-23, March.
    2. Yanfeng Liu & Xue Li & Xiaonan Zhu & Min-Kyu Lee & Po-Lin Lai, 2023. "The theoretical systems of OFDI location determinants in global north and global south economies," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-13, December.
    3. Vissa, Siva Kameswari & Thenmozhi, M., 2022. "What determines mergers and acquisitions in BRICS countries: Liquidity, exchange rate or innovation?," Research in International Business and Finance, Elsevier, vol. 61(C).

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    More about this item

    Keywords

    FDI; BRICS; emerging economies;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages

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