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THE DETERMINANTS OF FOREIGN DIRECT INVESTMENT IN IRAN: BOUNDS TESTING APPROACH
Mohammad Reza Mohammadvandnahidi
Nasim Jaberikhosroshahi
Davood Norouzi
Sažetak
Foreign direct investment (FDI) is counted to be an important variable
to increase capital for domestic investors and improvement of capital for-
mation in host country so almost all countries want to attract FDI. This
paper attempted to investigate the impact of openness, exchange rate and
infrastructures on FDI in Iran using the bounds testing (ARDL) approach
to co integration. The data span is from 1975 to 2007. The results indi-
cated that when FDI is the dependent variable there is co integration. We
found all variables have positive and signicant impact on Irans FDI in
long-run and short-run, except openness that has no impact on.
Ključne riječi
ARDL bounds test; foreign direct investment; Error correction model
Hrčak ID:
96995
URI
Datum izdavanja:
1.9.2012.
Posjeta: 3.445 *