- Adams, S.; Opoku, E.E.O. Foreign Direct Investment, Regulations and Growth in Sub-Saharan Africa. Econ. Anal. Policy 2015, 47, 48â56. [CrossRef]
Paper not yet in RePEc: Add citation now
Agbloyor, E.K.; Abor, J.; Adjasi, C.K.D.; Yawson, A. Exploring the Causality Links between Financial Markets and Foreign Direct Investment in Africa. Res. Int. Bus. Financ. 2013, 28, 118â134. [CrossRef]
Aibai, A.; Huang, X.; Luo, Y.; Peng, Y. Foreign Direct Investment, Institutional Quality, and Financial Development along the Belt and Road: An Empirical Investigation. Emerg. Mark. Financ. Trade 2019, 55, 3275â3294. [CrossRef]
Aleksynska, M.; Havrylchyk, O. FDI from The South: The Role of Institutional Distance and Natural Resources. Eur. J. Political Econ. 2013, 29, 38â53. [CrossRef]
- Anil, IÌ.; Armutlulu, I.; Canel, C.; Porterfield, R. The Determinants of Turkish Outward Foreign Direct Investment. Mod. Econ. 2011, 2, 717â728. [CrossRef]
Paper not yet in RePEc: Add citation now
Arellano, M.; Bond, S. Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations. Rev. Econ. Stud. 1991, 58, 277â297. [CrossRef]
Arellano, M.; Bover, O. Another Look at The Instrumental Variable Estimation of Error-components Models. J. Econom. 1995, 68, 29â51. [CrossRef]
Asongu, S. Financial Development Dynamic Thresholds of Financial Globalization: Evidence from Africa. J. Econ. Stud. 2014, 41, 166â195. [CrossRef]
Bénassy-Quéré, A.; Coupet, M.; Mayer, T. Institutional Determinants of Foreign Direct Investment. World Econ. 2007, 30, 764â782. [CrossRef]
Baltagi, B.H.; Egger, P.; Pfaffermayr, M. Estimating Models of Complex FDI: Are There Third-country Effects? J. Econom. 2007, 140, 260â281. [CrossRef]
- Bannaga, A.; Gangi, Y.; Abdrazak, R.; Al Fakhry, B. The Effects of Good Governance on Foreign Direct Investment Inflows in Arab Countries. Appl. Financ. Econ. 2013, 23, 1239â1247. [CrossRef]
Paper not yet in RePEc: Add citation now
- Barassi, M.R.; Zhou, Y. The Effect of Corruption on FDI: A Parametric and Non-parametric Analysis. Eur. J. Political Econ. 2018, 28, 302â312. [CrossRef]
Paper not yet in RePEc: Add citation now
Bellos, S.; Subasat, T. Governance and Foreign Direct Investment: A Panel Gravity Model Approach. Int. Rev. Appl. Econ. 2012, 26, 303â328. [CrossRef]
- Beysenbaev, R.; Dus, Y. Proposals for Improving the Logistics Performance Index. Asian J. Shipp. Logist. 2020, 36, 34â42. [CrossRef]
Paper not yet in RePEc: Add citation now
Blundell, R.; Bond, S. Initial Conditions and Moment Restrictions in Dynamic Panel Data Models. J. Econom. 1998, 87, 115â143. [CrossRef]
Borensztein, E.; De Gregorio, J.; Lee, J.W. How Does Foreign Direct Investment Affect Economic Growth? J. Int. Econ. 1998, 45, 115â135. [CrossRef]
- Bouchoucha, N.; Benammou, S. Does Institutional Quality Matter Foreign Direct Investment? Evidence from African Countries. J. Knowl. Econ. 2020, 11, 390â404. [CrossRef]
Paper not yet in RePEc: Add citation now
Buckley, P.J.; Clegg, L.J.; Cross, A.R.; Liu, X.; Voss, H.; Zheng, P. The Determinants of Chinese Outward Foreign Direct Investment. J. Int. Bus. Stud. 2007, 38, 499â518. [CrossRef]
Daude, C.; Stein, E. The Quality of Institutions and Foreign Direct Investment. Econ. Politics 2007, 19, 317â344. [CrossRef]
Desbordes, R.; Vicard, V. Foreign Direct Investment and Bilateral Investment Treaties: An International Political Perspective. J. Comp. Econ. 2009, 37, 372â386. [CrossRef]
Desbordes, R.; Wei, S.-J. The Effects of Financial Development on Foreign Direct Investment. J. Dev. Econ. 2017, 127, 153â168. [CrossRef]
Donaubauera, J.; Neumayerb, E.; Nunnenkamp, P. Financial Market Development in Host and Source Countries and Their Effects on Bilateral Foreign Direct Investment. World Econ. 2020, 43, 534â556. [CrossRef]
Egger, P. Bilateral FDI Potentials for Austria. Empirica 2010, 37, 5â17. [CrossRef]
Eregha, P.B.; Mesagan, E.P. Oil Resource Abundance, Institutions and Growth: Evidence from Oil Producing African Countries. J. Policy Model. 2016, 38, 603â619. [CrossRef]
- Ezeoha, A.; Cattaneo, N. FDI Flows to Sub-Saharan Africa: The Impact of Finance, Institutions, and Natural Resource Endowment. Comp. Econ. Stud. 2012, 54, 597â632. [CrossRef]
Paper not yet in RePEc: Add citation now
- Feng, L.; Ge, L.; Li, Z.; Li, C.-Y. Financial Development and Natural Resources: The Dynamics of Chinaâs Outward FDI. World Econ. 2021, 45, 739â762. [CrossRef]
Paper not yet in RePEc: Add citation now
Findlay, R. Relative Backwardness, Direct Foreign Investment, and The Transfer of Technology: A Simple Dynamic Model. Q. J. Econ. 1978, 92, 1â16. [CrossRef]
- Gangi, Y.A.; Abdulrazak, R.S. The Impact of Governance on FDI Flows to African Countries. World J. Entrep. Manag. Sustain. Dev. 2012, 8, 162â169. [CrossRef] Disclaimer/Publisherâs Note: The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of MDPI and/or the editor(s). MDPI and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content.
Paper not yet in RePEc: Add citation now
Gani, A. Governance and Foreign Direct Investment links: Evidence from Panel Data Estimations. Appl. Econ. Lett. 2007, 14, 753â756. [CrossRef]
- Gao, C.; Wen, Y.; Yang, D. Governance, Financial Development and Chinaâs Outward Foreign Direct Investment. PLoS ONE 2022, 17, e0270581. [CrossRef]
Paper not yet in RePEc: Add citation now
Guerin, S.S.; Manzocchi, S. Political Regime and FDI from Advanced to Emerging Countries. Rev. World Econ. 2009, 145, 75â91. [CrossRef]
Habib, M.; Zurawicki, L. Corruption and Foreign Direct Investment. Int. J. Bus. Stud. 2002, 33, 291â307. [CrossRef]
Hansen, L. Large Sample Properties of Generalized Method of Moments Estimators. Econometrica 1982, 50, 1029â1054. [CrossRef] Sustainability 2024, 16, 2237 24 of 24
- Hayat, A. FDI and Economic Growth: The Role of Natural Resources? J. Econ. Stud. 2018, 45, 283â295. [CrossRef]
Paper not yet in RePEc: Add citation now
Heavilin, J.; Songur, H. Institutional Distance and Turkeyâs Outward Foreign Direct Investment. Res. Int. Bus. Financ. 2020, 54, 1â16. [CrossRef]
Herzer, D.; Klasen, S.; Nowak-Lehmann, D.F. In Search of FDI-led Growth in Developing Countries. The Way Forward. Econ. Model. 2008, 25, 793â810. [CrossRef]
- Heuchemer, S.; Kleimeier, S.; Sander, H. The Determinants of Cross-Border Lending in The Euro Zone. Comp. Econ. Stud. 2009, 51, 467â499. [CrossRef]
Paper not yet in RePEc: Add citation now
- Hossain, S.; Rahman, Z. Does Governance Facilitate Foreign Direct Investment in Developing Countries? Int. J. Econ. Financ. Issues 2017, 7, 164â177.
Paper not yet in RePEc: Add citation now
Huang, C.-J. Is Corruption Bad for Economic Growth? Evidence from Asia-Pacific Countries. N. Am. J. Econ. Financ. 2016, 35, 247â256. [CrossRef]
Irandoust, M. FDI and Financial Development: Evidence from Eight Post-communist Countries. J. Stud. Econ. Econom. 2021, 45, 102â116. [CrossRef]
- Islam, M.A.; Khan, M.A.; Popp, J.; Sroka, W.; Oláh, J. Financial Development and Foreign Direct InvestmentâThe Moderating Role of Quality Institutions. Sustainability 2020, 12, 3556. [CrossRef]
Paper not yet in RePEc: Add citation now
Kahouli, B.; Maktouf, S. The Determinants of FDI and The Impact of The Economic Crisis on The Implementation of RTAs: A Static and Dynamic Gravity Model. Int. Bus. Rev. 2015, 24, 518â529. [CrossRef]
Kamal, M.A.; Hasanat Shah, S.; Jing, W.; Hasnat, H. Does The Quality of Institutions in Host Countries Affect the Location Choice of Chinese OFDI: Evidence from Asia and Africa? Emerg. Mark. Financ. Trade 2020, 56, 208â227. [CrossRef]
- Kang, Y.; Jiang, F. FDI Location Choice of Chinese Multinationals in East and Southeast Asia: Traditional Economic Factors and Institutional Perspective. J. World Bus. 2012, 47, 45â53. [CrossRef]
Paper not yet in RePEc: Add citation now
- Kaufmann, D.; Kraay, A.; Mastruzzi, M. The Worldwide Governance Indicators: Methodology and Analytical Issues. Hague J. Rule Law 2011, 3, 220â246. [CrossRef]
Paper not yet in RePEc: Add citation now
- Kaur, M.; Yadav, S.S.; Gautam, V. Financial System Development and Foreign Direct Investment: A Panel Data Study for BRIC Countries. Glob. Bus. Rev. 2013, 14, 729â742. [CrossRef]
Paper not yet in RePEc: Add citation now
- Kinda, T. Increasing Private Capital Flows to Developing Countries: The Role of Physical and Financial Infrastructure in 58 Countries, 1970â2003. Appl. Econ. Int. Dev. 2010, 10, 57â72.
Paper not yet in RePEc: Add citation now
- Kolstad, I.; Wiig, A. What Determines Chinese Outward FDI? J. World Bus. 2012, 47, 26â34. [CrossRef]
Paper not yet in RePEc: Add citation now
- KuncÌicÌ, A.; JaklicÌ, A. FDI and Institutions: Formal and Informal Institutions. Multinational Enterprises, Markets and Institutional Diversity. Emerald Group Publishing Limited. Prog. Int. Bus. Res. 2014, 9, 171â205. [CrossRef]
Paper not yet in RePEc: Add citation now
- Le, A.H.; Kim, T. The Impact of Institutional Quality on FDI Inflows: The Evidence from Capital Outflow of Asian Economies. J. Asian Financ. Econ. Bus. 2021, 8, 335â343. [CrossRef]
Paper not yet in RePEc: Add citation now
Li, C.; Luo, Y.; De Vita, G. Institutional Difference and Outward FDI: Evidence from China. Empir. Econ. 2020, 58, 1837â1862. [CrossRef]
Liu, X. Corruption Culture and Corporate Misconduct. J. Financ. Econ. 2016, 122, 307â327. [CrossRef]
Méon, P.-G.; Weill, L. Is Corruption an Efficient Grease? World Dev. 2010, 38, 244â259. [CrossRef]
Makki, S.; Somwaru, A. Impact of Foreign Direct Investment and Trade on Economic Growth: Evidence from Developing Countries. Am. J. Agric. Econ. 2004, 86, 795â801. [CrossRef]
- Mengistu, A.A.; Adhikary, B.K. Does Good Governance Matter for FDI Inflows? Evidence from Asian Economies. Asia Pac. Bus. Rev. 2012, 17, 281â299. [CrossRef] Sustainability 2024, 16, 2237 23 of 24
Paper not yet in RePEc: Add citation now
Miao, M.; Borojo, D.G.; Yushi, J.; Desalegn, T.A.; McMillan, D. The Impacts of Chinese FDI on Domestic Investment and Economic Growth for Africa. Cogent Bus. Manag. 2021, 8, 1â28. [CrossRef]
Mishra, B.R.; Jena, P.K. Bilateral FDI Flows in Four Major Asian Economies: A Gravity Model Analysis. J. Econ. Stud. 2019, 46, 71â89. [CrossRef]
- Muhammad, B.; Khan, M.K. Do Institutional Quality and Natural Resources Affect the Outward Foreign Direct Investment of G7 Countries? J. Knowl. Econ. 2023, 14, 116â137. [CrossRef]
Paper not yet in RePEc: Add citation now
- OECD. Organization for Economic Cooperation and Development. 2022. Available online: https://data.oecd.org/fdi/inwardfdistocks -by-partner-country.htm#indicator-chart (accessed on 10 October 2022).
Paper not yet in RePEc: Add citation now
Osei, M.J.; Kim, J. Foreign Direct Investment and Economic Growth: Is More Financial Development Better? Econ. Model. 2020, 93, 154â161. [CrossRef]
Otchere, I.; Soumaré, I.; Yourougou, P. FDI and Financial Market Development in Africa. World Econ. 2016, 39, 651â678. [CrossRef]
- Qi, C.; Zou, C. The quality of the host country system institutional distance and Chinaâs foreign direct investment location. J. Contemp. Account. Econ. 2013, 7, 100â110.
Paper not yet in RePEc: Add citation now
- Shi, E.Y.; Zhang, H.W. OFDI Motivation, Financial Development Difference and Export Trade. World Econ. Stud. 2018, 8, 74â87. [CrossRef]
Paper not yet in RePEc: Add citation now
Soumaré, I.; Tchana, F.T. Causality between FDI and Financial Market Development: Evidence from Emerging Markets. World Bank Econ. Rev. 2015, 29, S205âS216. [CrossRef]
- Subasat, T.; Bellos, S. Governance and Foreign Direct Investment in Latin America: A panel Gravity Model Approach. Lat. Am. J. Econ. 2013, 50, 107â131. [CrossRef]
Paper not yet in RePEc: Add citation now
Svirydzenka, K. Introducing a New Broad-Based Index of Financial Development. IMF Working Paper 16/5. 2016. Available online: https://www.researchgate.net/publication/298912171_Introducing_a_New_Broad-based_Index_of_Financial_ Development (accessed on 13 October 2022).
- Tomio, B.T.; Amal, M. Institutional Distance and Brazilian Outward Foreign Direct Investment. M@n@gement 2015, 18, 78â101. [CrossRef]
Paper not yet in RePEc: Add citation now
- Transparency International. Corruption Perception Index. 2022. Available online: https://www.transparency.org/en/cpi/2021 (accessed on 23 October 2022).
Paper not yet in RePEc: Add citation now
- Varnamkhasti, J.G.; Mehregan, N.; Najarzadeh, R.; Hosseini-Nasab, E. Financial Development as a Key Determinant of FDI Inflow to Developing Countries. Int. J. Humanit. Soc. 2015, 22, 1â28.
Paper not yet in RePEc: Add citation now
- Wang, X.Y. Natural Resource Endowment, Institutional Endowment and Chinaâs Direct Investment in ASEAN. World Econ. 2018, 8, 123â134. [CrossRef] Sustainability 2024, 16, 2237 22 of 24
Paper not yet in RePEc: Add citation now
- WDI. World Development Indicators. World Bank: Washington, DC, USA, 2022. Available online: https://dabank.worldbank. org/source/world-development-indicators (accessed on 13 October 2022).
Paper not yet in RePEc: Add citation now
- Wegenast, T. Opening Pandoraâs Box? Inclusive Institutions and The Onset of Internal Conflict in Oil-Rich Countries. Int. Political Sci. Rev. 2013, 34, 392â410. [CrossRef]
Paper not yet in RePEc: Add citation now
- WGI. Worldwide Governance Indicators. World Bank: Washington, DC, USA, 2022. Available online: https://www.govindicators. org/ (accessed on 15 October 2022).
Paper not yet in RePEc: Add citation now
- Wiederer, C.K.; Arvis, J.F.; Ojala, L.M.; Kiiski, T.M.M. The World Bankâs Logistics Performance Index. In International Encyclopedia of Transportation; Elsevier: Amsterdam, The Netherlands, 2021; pp. 94â101. [CrossRef]
Paper not yet in RePEc: Add citation now
- World Investment Report 2018. Investment and New Industrial Policies. UNCTAD. World Investment Report 2018. Available online: http://worldinvestmentreport.unctad.org/world-investment-report-2018 (accessed on 16 November 2022).
Paper not yet in RePEc: Add citation now
- World Investment Report 2020. International Production Beyond the Pandemic. UNCTAD. World Investment Report 2020. Available online: https://unctad.org/webflyer/world-investment-report-2020 (accessed on 16 November 2022).
Paper not yet in RePEc: Add citation now
- World Investment Report 2022. International Tax Reforms and Sustainable Investment. UNCTAD. World Investment Report 2022. Available online: https://unctad.org/webflyer/world-investment-report-2022 (accessed on 16 November 2022).
Paper not yet in RePEc: Add citation now
- Younsi, M.; Bechtini, M. Does Good Governance Matter for FDI? New Evidence from Emerging Countries Using a Static and Dynamic Panel Gravity Model Approach. Econ. Transit. Institutional Change 2020, 27, 841â860. [CrossRef]
Paper not yet in RePEc: Add citation now
- Younsi, M.; Bechtini, M.; Khemili, H. The Effects of Foreign Aid, Foreign Direct Investment and Domestic Investment on Economic Growth in African Countries: Nonlinearities and Complementarities. Afr. Dev. Rev. 2021, 33, 55â66. [CrossRef]
Paper not yet in RePEc: Add citation now
- Zhang, L.; Xu, Z. How Do Cultural and Institutional Distance Affect Chinaâs OFDI towards the OBOR Countries? Balt. J. Eur. Stud. 2017, 7, 24â42. [CrossRef]
Paper not yet in RePEc: Add citation now