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Economic Freedom and Indian Outward Foreign Direct Investment: An Empirical Analysis

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  • Amar Iqbal Anwar

    ()
    (Shannon School of Business, Cape Breton University, Canada)

  • Mazhar Mughal

    ()
    (Centre d''Analyse Théorique et Traitement des Données Economiques, Université de Pau)

Abstract

This study examines the role economic freedom plays in attracting Indian outward foreign direct investment to various countries. Investments by Indian multinationals to various continents are studied along with aggregate investment outflows. Results show that Indian outward FDI do appear to prefer economically free economies. Government size, ease of foreign trade, and market regulations are the aspects of economic freedom Indian investors appear to cherish, while legal structure does not seem to influence the volume of investments by Indian multinationals.

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File URL: http://www.accessecon.com/Pubs/EB/2012/Volume32/EB-12-V32-I4-P287.pdf
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Bibliographic Info

Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 32 (2012)
Issue (Month): 4 ()
Pages: 2991-3007

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Handle: RePEc:ebl:ecbull:eb-12-00665

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Keywords: Outward FDI; Economic Freedom; Foreign Direct Investment; India;

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  1. Root, Franklin R & Ahmed, Ahmed A, 1979. "Empirical Determinants of Manufacturing Direct Foreign Investment in Developing Countries," Economic Development and Cultural Change, University of Chicago Press, vol. 27(4), pages 751-67, July.
  2. Bengoa, Marta & Sanchez-Robles, Blanca, 2003. "Foreign direct investment, economic freedom and growth: new evidence from Latin America," European Journal of Political Economy, Elsevier, vol. 19(3), pages 529-545, September.
  3. Lunn, John, 1980. "Determinants of U.S. direct investment in the E.E.C. : Further evidence," European Economic Review, Elsevier, vol. 13(1), pages 93-101, January.
  4. Berggren, Niclas, 2003. "The Benefits of Economic Freedom: A Survey," Ratio Working Papers 4, The Ratio Institute.
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  9. Azman-Saini, W.N.W. & Baharumshah, Ahmad Zubaidi & Law, Siong Hook, 2010. "Foreign direct investment, economic freedom and economic growth: International evidence," Economic Modelling, Elsevier, vol. 27(5), pages 1079-1089, September.
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  14. World Bank, 2011. "World Development Indicators 2011," World Bank Publications, The World Bank, number 2315, October.
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  16. K. C. Fung & Alicia Garcia-Herrero, 2012. "Foreign Direct Investment Outflows From China And India," China Economic Policy Review (CEPR), World Scientific Publishing Co. Pte. Ltd., vol. 1(01), pages 1250003-1-1.
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