Determining the Effects of the Factors on FDI in Global Crisis Period
The purpose of this study is to analyze factors affecting Foreign Direct Investment (FDI) in countries with a high rate of FDI from 2005 to 2011, by examining the effects of the 2008 crisis. A Panel Tobit model is estimated in order to see the effects on the whole period, and classical Tobit models...
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| Format: | Article |
| Language: | English |
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EconJournals
2014-10-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | http://mail.econjournals.com/index.php/ijefi/article/view/948 |
| _version_ | 1828031623989297152 |
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| author | Selahattin GURIS Irem SACAKLI SACILDI Elif GUNEREN GENC |
| author_facet | Selahattin GURIS Irem SACAKLI SACILDI Elif GUNEREN GENC |
| author_sort | Selahattin GURIS |
| collection | DOAJ |
| description |
The purpose of this study is to analyze factors affecting Foreign Direct Investment (FDI) in countries with a high rate of FDI from 2005 to 2011, by examining the effects of the 2008 crisis. A Panel Tobit model is estimated in order to see the effects on the whole period, and classical Tobit models for each year are estimated separately for the purpose of examining the effects prior to, after and during the crisis, in detail. In the Tobit models, estimated separately for each year, the labor rate and inflation rate variables that are significant in panel Tobit models are not found significant for any of the examined years. As the balance of current accounts is found to be significant both prior to and after the crisis, it can be said that the effect of this variable on FDI is not affected by the crisis. Although there are studies examining factors affecting the FDI in the crisis period, to the best of our knowledge this is the only study using panel Tobit and classical Tobit models to that end.
Keywords: Cross sectional models; panel Tobit model; foreign direct investment
JEL Classifications: C21; C23; C24; F21
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| first_indexed | 2024-04-10T14:50:50Z |
| format | Article |
| id | doaj.art-148aac21b8a147cdbb576ea0451710b5 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T14:50:50Z |
| publishDate | 2014-10-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-148aac21b8a147cdbb576ea0451710b52023-02-15T16:07:36ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382014-10-0151Determining the Effects of the Factors on FDI in Global Crisis PeriodSelahattin GURIS0Irem SACAKLI SACILDI1Elif GUNEREN GENC2Marmara UniversityMarmara UniversityIstanbul Commerce University The purpose of this study is to analyze factors affecting Foreign Direct Investment (FDI) in countries with a high rate of FDI from 2005 to 2011, by examining the effects of the 2008 crisis. A Panel Tobit model is estimated in order to see the effects on the whole period, and classical Tobit models for each year are estimated separately for the purpose of examining the effects prior to, after and during the crisis, in detail. In the Tobit models, estimated separately for each year, the labor rate and inflation rate variables that are significant in panel Tobit models are not found significant for any of the examined years. As the balance of current accounts is found to be significant both prior to and after the crisis, it can be said that the effect of this variable on FDI is not affected by the crisis. Although there are studies examining factors affecting the FDI in the crisis period, to the best of our knowledge this is the only study using panel Tobit and classical Tobit models to that end. Keywords: Cross sectional models; panel Tobit model; foreign direct investment JEL Classifications: C21; C23; C24; F21 http://mail.econjournals.com/index.php/ijefi/article/view/948 |
| spellingShingle | Selahattin GURIS Irem SACAKLI SACILDI Elif GUNEREN GENC Determining the Effects of the Factors on FDI in Global Crisis Period International Journal of Economics and Financial Issues |
| title | Determining the Effects of the Factors on FDI in Global Crisis Period |
| title_full | Determining the Effects of the Factors on FDI in Global Crisis Period |
| title_fullStr | Determining the Effects of the Factors on FDI in Global Crisis Period |
| title_full_unstemmed | Determining the Effects of the Factors on FDI in Global Crisis Period |
| title_short | Determining the Effects of the Factors on FDI in Global Crisis Period |
| title_sort | determining the effects of the factors on fdi in global crisis period |
| url | http://mail.econjournals.com/index.php/ijefi/article/view/948 |
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