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The Nexus Between De‐Globalization and OFDI From Emerging Economies: Moderating Roles of Institution and Government

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  • Jinjuan Yang
  • Yan Zeng
  • Rui Li

Abstract

The recent wave of de‐globalization has slowed the outward foreign direct investment (OFDI) process globally, with varying effects across countries. Using panel data from 25 emerging economies between 1980 and 2018, we examine the impact of de‐globalization on OFDI. Our findings show that higher de‐globalization pressure from developed countries drives emerging economies to invest more globally. Threshold regressions reveal that this positive effect is significant only when a minimum GDP threshold is met. Moreover, better institutional quality and increased government involvement strengthen the positive impact of de‐globalization on OFDI.

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  • Jinjuan Yang & Yan Zeng & Rui Li, 2025. "The Nexus Between De‐Globalization and OFDI From Emerging Economies: Moderating Roles of Institution and Government," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(2), pages 980-998, March.
    • Handle: RePEc:wly:mgtdec:v:46:y:2025:i:2:p:980-998
    DOI: 10.1002/mde.4415
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