International journal of

ADVANCED AND APPLIED SCIENCES

EISSN: 2313-3724, Print ISSN:2313-626X

Frequency: 12
line decor
  
line decor

 Volume 5, Issue 5 (May 2018), Pages: 43-47

----------------------------------------------

 Original Research Paper

 Title: Determinants of foreign investment in maritime nations

 Author(s): Tahar Jouili *

 Affiliation(s):

 College of Business Administration, Northern Border University, Arar, Saudi Arabia

 https://doi.org/10.21833/ijaas.2018.05.006

 Full Text - PDF          XML

 Abstract:

This study explores the determinants of foreign direct investment based on panel data analysis. It addresses the relationship of the performance logistics and the shipping connectivity and the foreign direct investment (FDI). This study attempted to fill this gap by estimating the impact of these factors on the FDI, based on World Development Indicators database of 39 developing maritime nations over the period 2007-2016. The aim of the study is to investigate the relationship between countries' foreign direct investment and their logistics performance, and their shipping connectivity. The study has the originality to introduce tow logistics variables (logistics performance and maritime connectivity) in addition to controlling variables (exchange rate, and gross of domestic product). Empirical results suggest that the shipping connectivity, as well as the logistics performance, could be determinants of foreign direct investment. Concerning control variables result is in line with some study, the coefficient of GDP per capita is positive and significant, while the ORE has a significant negative coefficient. 

 © 2018 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords: Foreign direct investment, Logistics performance, Shipping connectivity, Maritime nations

 Article History: Received 10 December 2017, Received in revised form 1 March 2018, Accepted 3 March 2018

 Digital Object Identifier: 

 https://doi.org/10.21833/ijaas.2018.05.006

 Citation:

 Jouili T (2018). Determinants of foreign investment in maritime nations. International Journal of Advanced and Applied Sciences, 5(5): 43-47

 Permanent Link:

 http://www.science-gate.com/IJAAS/2018/V5I5/Jouili.html

----------------------------------------------

 References (14)

  1. Anusree P (2014). Indian foreign direct investment: A way to Africa. Procedia-Social and Behavioral Sciences, 157: 183-195. https://doi.org/10.1016/j.sbspro.2014.11.021   [Google Scholar]  
  2. Anwar S and Nguyen LP (2010). Foreign direct investment and economic growth in Vietnam. Asia Pacific Business Review, 16 (1–2): 183-202. https://doi.org/10.1080/10438590802511031   [Google Scholar]  
  3. Chaiyasit A and Kannika T (2015). Determinants of foreign direct investment in Thailand: Does natural disaster matter?. International Journal of Disaster Risk Reduction, 14(part3): 312-321.   [Google Scholar]      
  4. Danciu AR and Strat VA (2012). Main determinants of foreign direct investments in Romania-A quantitative view of the regional characteristics involved in the investment strategies of foreign companies. Procedia-Social and Behavioral Sciences, 58: 1193-1203. https://doi.org/10.1016/j.sbspro.2012.09.1101   [Google Scholar]  
  5. Hansson Å and Olofsdotter K (2014). Labor taxation and FDI decisions in the European Union. Open Economies Review, 25(2): 263-287. https://doi.org/10.1007/s11079-013-9282-8   [Google Scholar]  
  6. Kaur M and Dhillon S (2017). Determinants of foreign direct investment in India: An empirical analysis. Asian Journal of Research in Business Economics and Management, 7(8): 244-260. https://doi.org/10.5958/2249-7307.2017.00142.6   [Google Scholar]  
  7. Kaur M and Sharma R (2013). Determinants of foreign direct investment in India: An empirical analysis. Decision, 40(1-2): 57-67. https://doi.org/10.1007/s40622-013-0010-4   [Google Scholar]  
  8. Marija PR, Ksenija DM, and Tamara MK (2013). An analysis of the location determinants of foreign direct investment: The case of Serbia. Procedia-Social and Behavioral Sciences, 81: 181-187. https://doi.org/10.1016/j.sbspro.2013.06.410   [Google Scholar]  
  9. Nourzad F, Greenwold DN, and Yang R (2014). The interaction between FDI and infrastructure capital in the development process. International Advances in Economic Research, 20(2): 203-212. https://doi.org/10.1007/s11294-013-9457-5   [Google Scholar]  
  10. OECD (2008). Benchmark Definition of Foreign Direct Investment. 4th Edition, The Organisation for Economic Cooperation and Development. Paris, France. Available online at: www.oecd.org   [Google Scholar]      
  11. Ramirez MD and Kőműves Z (2014). Economic infrastructure, private capital formation, and FDI inflows to Hungary: A unit root and cointegration analysis with structural breaks. Atlantic Economic Journal, 42(4): 367-382. https://doi.org/10.1007/s11293-014-9436-0   [Google Scholar]  
  12. Sahoo P, Nataraj G, and Dash RK (2014). Determinants of FDI in South Asia. In: Sjöholm F (Ed.), Foreign direct investment in South Asia: 163-199. Springer, New Delhi, India. https://doi.org/10.1007/978-81-322-1536-3_6   [Google Scholar]  
  13. Stack MM, Ravishankar G, and Pentecost E (2017). Foreign direct investment in the eastern European countries: Determinants and performance. Structural Change and Economic Dynamics, 41: 86-97. https://doi.org/10.1016/j.strueco.2017.04.005   [Google Scholar]  
  14. Zhang X and Daly K (2011). The determinants of China's outward foreign direct investment. Emerging Markets Review, 12(4): 389-398. https://doi.org/10.1016/j.ememar.2011.06.001   [Google Scholar]