Preliminary communication
THE IMPACT OF TERRORISM ON FDI INFLOWS: A META-ANALYSIS
Polyxeni Kechagia
Theodore Metaxas
; University of Thessaly, Department of Economics, Volos, Greece
Abstract
The determinants of foreign direct investment (FDI) inflows have been a subject of several empirical and theoretical studies. However, previous researchers reached to vague or contrasting results as for the role of terrorism on attracting FDI inflows in developing countries. The purpose of the present study is to conduct a meta – analysis on published papers that focused on the empirical investigation of terrorism as a determinant factor of FDI inflows in developing countries. Papers are selected under specific criteria, while publication biases and models’ specifications are discussed. The contribution of the essay is proven by the fact that it is the first paper to conduct a meta-analysis on the relation between FDI and terrorism, considering that there is an increasing research interest towards terrorism, mostly in the post-9/11 period. The study concludes that the impact of terrorism on FDI inflows in developing countries depends on the estimation techniques, the sample of countries and the research design of previous empirical papers. Limitations of the study and suggestions for future research are included.
Keywords
foreign direct investment; terrorism; meta-analysis; empirical studies
Hrčak ID:
246496
URI
Publication date:
20.11.2020.
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