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Foreign Direct Investment

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  • International Monetary Fund

Abstract

This paper summarizes the theory and empirical evidence on the determinants of foreign direct investment. These determinants include expected relative rates of return, risk diversification, market size, technological advantage, market failure, oligopolistic rivalry, liquidity, currency strength, political instability, tax policy, and government regulations. While most explanations of foreign direct investment receive some empirical support, there is not sufficient favorable evidence on any one of them to merit rejection of all the others.

Suggested Citation

  • International Monetary Fund, 1990. "Foreign Direct Investment," IMF Working Papers 1990/063, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1990/063
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    Citations

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    Cited by:

    1. Miguel Cruz VaÌ squez & Pedro Castillo Cedillo & Beatriz Pico GonzaÌ lez, 2017. "Los factores principales de la inversioÌ n extranjera directa en algunos paiÌ ses de AmeÌ rica Latina," Revista de Investigación en ciencias contables y Administrativas, Universidad Michoacana de San Nicolás de Hidalgo, Facultad de Contaduría y Ciencias Administrativas, vol. 2(1), pages 103-125, January.
    2. Moshirian, Fariborz, 1999. "Sources of growth in international insurance services," Journal of Multinational Financial Management, Elsevier, vol. 9(2), pages 177-194, March.
    3. Calderón Hoffmann, Alvaro, 1992. "Inversión extranjera directa en América Latina y el Caribe 1970-1990; v. 1: panorama regional," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 33842, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    4. Miguel Cruz Vásquez & Pedro Castillo Cedillo & Beatriz Pico González, 2016. "Los factores principales de la inversión extranjera directa en algunos países de América Latina," Revista de Investigación en Ciencias Contables y Administrativas, Universidad Michoacana de San Nicolás de Hidalgo, Facultad de Contaduría y Ciencias Administrativas, vol. 2(1), pages 99-122, July.
    5. Alicia Garcia-Herrero & Daniel Navia Simon, 2006. "Why Banks go to Emerging Countries and What is the Impact for the Home Economy? A Survey," Working Papers 0602, BBVA Bank, Economic Research Department.
    6. Robert E. Lipsey, 2009. "Measuring International Trade in Services," NBER Chapters, in: International Trade in Services and Intangibles in the Era of Globalization, pages 27-70, National Bureau of Economic Research, Inc.
    7. repec:idb:brikps:269 is not listed on IDEAS
    8. Moshirian, Fariborz, 2001. "International investment in financial services," Journal of Banking & Finance, Elsevier, vol. 25(2), pages 317-337, February.
    9. Agarwal, Jamuna Prasad & Gubitz, Andrea & Nunnenkamp, Peter, 1991. "Foreign direct investment in developing countries: the case of Germany," Open Access Publications from Kiel Institute for the World Economy 423, Kiel Institute for the World Economy (IfW Kiel).
    10. Moshirian, Fariborz & Pham, Toan, 2000. "Determinants of US investment in real estate abroad," Journal of Multinational Financial Management, Elsevier, vol. 10(1), pages 63-72, January.
    11. Borsos-Torstila, Julianna, . "The Determinants of Foreign Direct Investment Operations of Finnish MNCs in Transition Economies 1990-1995," ETLA A, The Research Institute of the Finnish Economy, number 28.
    12. Moshirian, Fariborz, 1997. "Foreign direct investment in insurance services in the United States," Journal of Multinational Financial Management, Elsevier, vol. 7(2), pages 159-173, June.

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