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Vibha Kapuria-Foreman
''Foreign direct investment and natural resources''
( 2022, Vol. 42 No.4 )
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.
Keywords: Foreign Direct Investment; Democracy; Economic Freedom; Legal and Property Rights; Resource Abundance.
JEL: F2 - International Factor Movements and International Business: General
O1 - Economic Development: General
Manuscript Received : Jun 27 2022 Manuscript Accepted : Dec 30 2022

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