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The impact of host country institutional factors on international investments

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  • Nebenführ, Miriam

Abstract

Wissenschaftler untersuchen seit langem den Einfluss institutioneller Faktoren des Gastlandes auf Standortentscheidungen multinationaler Unternehmen für ausländische Direktinvestitionen (FDI). In dieser Studie wird die Beziehung zwischen zwei institutionellen Faktoren, Demokratie und politische Stabilität, und ausländischen Direktinvestitionen anhand eines großen Paneldatensatzes von Sekundärdaten aus den Jahren 2003 bis 2021 empirisch untersucht. Neben der multiplen Regressionsanalyse wird in dieser Studie auch die neue Necessary Condition Analysis (NCA) angewandt. Auf der Grundlage des OLI-Modells von Dunning und der Institutionentheorie ist das Hauptergebnis, dass Demokratie einen signifikant positiven Effekt auf ausländische Direktinvestitionen hat, während politische Stabilität einen signifikant negativen Effekt hat. Außerdem sind beide Faktoren notwendige Bedingungen für ausländische Direktinvestitionen: Länder erhalten keine ausländischen Direktinvestitionen, wenn ein bestimmtes Niveau dieser Faktoren nicht erreicht wird. Die Ergebnisse tragen zum Verständnis bei, wie bestimmte institutionelle Faktoren Entscheidungen über die Ansiedlung ausländischer Direktinvestitionen beeinflussen, und bieten Einblicke in notwendige Bedingungen in der internationalen Wirtschaftsforschung.

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  • Nebenführ, Miriam, 2024. "The impact of host country institutional factors on international investments," Discussion Papers of the Institute for Organisational Economics 8/2024, University of Münster, Institute for Organisational Economics.
    • Handle: RePEc:zbw:umiodp:302546
    DOI: 10.17879/16918545634
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    More about this item

    Keywords

    Democracy; Institutional Theory; International Investments; Necessary Condition Analysis; Political Stability;
    All these keywords.

    JEL classification:

    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • C46 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Specific Distributions
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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