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Does Financial Remoteness Affect Foreign Direct Investment?

Author

Listed:
  • Michael Machokoto

    ("University of Northampton, UK")

  • Lanre Kassim

    ("World Bank, Chad Office")

Abstract

"We examine the effect of financial remoteness on foreign direct investment (FDI) using a sample of 173 countries over the period 1970-2015. Our results show that financial remoteness has a significant negative effect on FDI, which suggests that proximity to major financial centres is a key factor in deciding on foreign investments. Our results are robust to alternative measures of financial remoteness and controlling for other determinants of FDI from the literature."

Suggested Citation

  • Michael Machokoto & Lanre Kassim, 2019. "Does Financial Remoteness Affect Foreign Direct Investment?," Review of Economic Analysis, Digital Initiatives at the University of Waterloo Library, vol. 11(2), pages 219-232, September.
    • Handle: RePEc:ren:journl:v:11:y:2019:i:2:p:219-232
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    File URL: https://openjournals.uwaterloo.ca/index.php/rofea/article/view/1626/2008
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    More about this item

    Keywords

    Foreign direct investment; Empirical; Financial remoteness; Proximity;
    All these keywords.

    JEL classification:

    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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