English, Article edition: Economic reforms as a tool to attract foreign direct investment: is it a chimera? Sumon Kumar Bhaumik; Ralitza Dimova

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Economic reforms as a tool to attract foreign direct investment: is it a chimera?
Author
  • Sumon Kumar Bhaumik
  • Ralitza Dimova
Physical Description
  • article
Notes
  • The policy implication of the existing literature on foreign direct investment (FDI) inflows is that countries that require FDI can attract it by adopting policy measures that facilitate the emergence of appropriate regulatory and institutional environment, greater integration with the global economy and the development of resources like human capital. We test the plausible hypothesis that, on the contrary, FDI flows are largely path dependent, and our empirical exercise finds prima facie support in favour of this hypothesis. This has obvious implications for FDI flows to poor countries.
  • RePEc:taf:apeclt:v:16:y:2009:i:9:p:951-957
Language
  • English
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