Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2134903
The impact of institutional quality on foreign direct investment: empirical analysis based on mediating and moderating effects
Fuzhong Chen
Guohai Jiang
Sažetak
The purpose of this paper is to investigate the relationship between
institutional quality and foreign direct investment (FDI) inflows using
panel data of 42 G20 countries from 2005 to 2020. The results indicate
a positive association between them. Mediating analyses reveal
that institutional quality attracts FDI inflows by increasing trade
openness, accelerating industrial structure optimization, and encouraging
technological innovation. Furthermore, financial development,
tax level, and natural resource abundance moderates the positive
association between institutional quality and FDI inflows. Among
them, financial development and natural resource abundance
strengthen the promoting role of institutional quality in attracting
FDI; the tax level weakens this process. These findings have implications
for policymakers seeking to make full use of favourable institutions
to achieve sustainable growth of FDI.
Ključne riječi
Institutional quality; foreign direct investment; panel data model; mediating analysis; moderating analysis
Hrčak ID:
306687
URI
Datum izdavanja:
30.4.2023.
Posjeta: 232 *