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Does Global Economic Uncertainty Affect Foreign Direct Investment? Evidence From Asian Emerging Markets

Author

Listed:
  • Ismaila Adeleye Okunoye
  • Emeka O. Akpa
  • Bamidele Boluwatife
  • Maxwell Jimmy

    (Centre for Econometrics and Applied Research, Ibadan, Nigeria)

Abstract

In this paper, we examine the impact of global economic uncertainty on foreign direct investment (FDI) in Asian emerging markets using the new world uncertainty index (WWUI). The results show an insignificant and indirect impact of global uncertainty on FDI inflows in Asian emerging markets.

Suggested Citation

  • Ismaila Adeleye Okunoye & Emeka O. Akpa & Bamidele Boluwatife & Maxwell Jimmy, 2023. "Does Global Economic Uncertainty Affect Foreign Direct Investment? Evidence From Asian Emerging Markets," Asian Economics Letters, Asia-Pacific Applied Economics Association, vol. 4(2), pages 1-4.
    • Handle: RePEc:ayb:jrnael:90
    DOI: 2023/06/12
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    References listed on IDEAS

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    5. Nguyen, Canh Phuc & Lee, Gabriel S., 2021. "Uncertainty, financial development, and FDI inflows: Global evidence," Economic Modelling, Elsevier, vol. 99(C).
    6. Muhammad Abdul Kamal & Syed Hasanat Shah & Wang Jing & Hafsa Hasnat, 2020. "Does the Quality of Institutions in Host Countries Affect the Location Choice of Chinese OFDI: Evidence from Asia and Africa," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 56(1), pages 208-227, January.
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    Cited by:

    1. Rita Hiifan AKAA & Philip Terhemen ABACHI & Isaiah Iortyom UDAAH & Victor Ushahemba IJIRSHAR, 2025. "Economic Policy Uncertainty, Foreign Investment and Capital Market Growth in Nigeria," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 6(7), pages 57-70, July.

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    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation

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