Title: Dynamic panel estimation models and foreign direct investment in developing countries

Authors: Musa Essayyad; Banamber Mishra; Omar Ahmad Al-Titi

Addresses: McNeese State University, Lake Charles, LA 70605, USA ' McNeese State University, Lake Charles, LA 70605, USA ' King Fahd University of Petroleum and Minerals, Dhahran, Saudi Arabia

Abstract: This paper employs the dynamic panel estimation models to provide an empirical update for the investigation of globalisation, corruption, economic freedom and foreign direct investment (FDI). Previous research examined the relationships between FDI and gross domestic product, economic freedom index, corruption perception index, social globalisation index, and political globalisation index. Our current research contributes to the existing literature by employing dynamic panel estimation models to investigate the relationships, using data for 1996-2016, and generating more solid research outcomes on the determinants of FDI for developing countries.

Keywords: foreign direct investment; dynamic panel estimation models; stationarity; generalised method of moments estimators.

DOI: 10.1504/AJFA.2020.110319

American Journal of Finance and Accounting, 2020 Vol.6 No.2, pp.119 - 134

Received: 05 Mar 2020
Accepted: 05 Mar 2020
Published online: 14 Oct 2020 *

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