Aid and Foreign Direct Investment: International Evidence
Aid and Foreign Direct Investment: International Evidence
复制标题
援助和外国直接投资：国际证据
DOI：
--
复制
发表时间：
2005
期刊：
影响因子：
--
通讯作者：
S. Sayek
中科院分区：
文献类型：
--
作者：
M. Karakaplan;Bilin Neyapti;S. Sayek
虽然关于援助和外国直接投资对发展的影响的文献很多，但援助与外国直接投资之间的关系尚未得到充分探讨。本文基于接受援助的国家也更有可能接受外国直接投资的假设，实证研究了援助对外国直接投资的影响。然而，我们进一步主张，这种情况尤其发生在善治和金融市场发展的情况下，而不一定发生在其他情况下。为了检验这些假设，我们采用了面板分析和控制的因素，除了援助，可能会鼓励或阻止外国直接投资流量，如稳定性指标，开放和收入水平。初步研究结果似乎为我们的假设提供了强有力的实证支持。
Although the literature on the effects of both aid and foreign direct investment (FDI) on development is vast, the relationship between aid and FDI has not been sufficiently explored. This paper empirically investigates the effect of aid on foreign direct investment in view of the hypothesis that countries that receive aid also become more likely to receive FDI. We further claim, however, that this happens especially in cases of good governance and financial market development, and not necessarily otherwise. To test these hypotheses we employ a panel analysis and control for the factors besides aid that are likely to encourage or discourage the FDI flows, such as stability indicators, openness and the income level. The preliminary findings appear to provide robust empirical support for our hypothesis.