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Désiré Avom, Henri Njangang and Larissa Nawo
''World Economic Policy Uncertainty and Foreign Direct Investment''
( 2020, Vol. 40 No.2 )
Using a new world economic uncertainty index and applying the Generalised Method of Moments, this paper investigates the effect of world economic policy uncertainty on foreign direct investment on a large panel of 138 countries over the period 1996-2018. With sample differentiated according to IMF classification, the results show that overall, world economic policy uncertainty reduces foreign direct investment and that, the magnitude of the effect is greater in emerging and developing countries than in advanced economies.
Keywords: World economic policy uncertainty, FDI, GMM
JEL: D8 - Information, Knowledge, and Uncertainty: General
F2 - International Factor Movements and International Business: General
Manuscript Received : Feb 17 2020 Manuscript Accepted : Jun 02 2020

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