International Journal of Academic Research in Business and Social Sciences

search-icon

Determinants of Foreign Direct Investment in Iran

Open access
This study aims to identify the economic determinants of foreign direct investment (FDI) in Iran for the period of 1991-2009. Simple econometric model and least squares technique have been used to determine the various economic factors that affect FDI inflows. Result found indicates the positive significant effects of real GDP growth, the proportion of imports to GDP, return on investment and infrastructure on FDI. While the effect of government consumption on FDI inflows has been found insignificant with unexpected positive sign.
Abdel-Rahman, A-M.M (2002), "The Determinants of FDI in the Kingdom of Saudi Arabia", Department of Economics, King Saudi University.
Alfaro, Laura, AreendamChanda, SebnamKalemli-ozcan, and Selinsayek (2003), "FDI Spillovers, Financial Markets, and Economic Development", IMF Working Paper, 186.
Ancharaz, VinayeDey (2003), "The Determinants of Foreign Direct Investment in a Comparative Perspective: Is there a Bias against Sub-Saharan Africa?"r0.unctad.org/p166/reduit2004/module6/FDIinSSApdf,pp. 18-19.
Arbatli, Elif (2011), "Economic Policies and FDI Inflows to Emerging Market Economies", IMF Working Paper 192, p. 10.
Asiedu, Elizabth (2002), "On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different?" Journal of World Development, Vol. 30, No.1 pp.107-119.
Asiedu, Elizabeth (2005), "Foreign Direct Investment in Africa: The Role of Natural Resources, Market Size, Government Policy, Institutions and Political Instability", United Nations University, World Institute for Development Economic Research, Research Paper No. 2005/24,p. 6.Central Bank of I.R of Iran, “Economic Report and Balance sheet”, several years.
Central Bank of I.R of Iran, “Economic Trends” several No.
Shahabadi, A; Mahmoodi, A. (1385), “Determinants of foreign direct investment in Iran”.BI - Quarterly Journal of Iran’s Economic Essays, No. 5, pp. 89-123.
Denisia, Vintila, (2010), " Foreign Direct Investment Theories: An Overview of the Main FDI Theories", European Journal of Interdisciplinary Studies.
Edwards, S. (1990), "Capital Flows, Foreign Direct Investment and Debt-Equity swaps in Developing Countries", NBER Working Paper No. 3497. Cambridge, MA: NBER, pp. 9-10.
Filipovic, A. (2005), "Impact of Privatization on Economic Growth", Issues in Political Economy, Vol. 14, pp.1-20.
Golberman, Steven; Daniel Shapiro and Yao Tang (2004), "Foreign Direct Investment in Emerging and Transition European Countries", International Finance Review, Vol. 6.
Harrison, Ann and Ana Revenga (1995), "The Effects of Trade Policy Reform: What do We Really Know? NBER Working Paper, No. 5225, pp. 27-28.
Hasen, Ben-Taher and GiorgioniGianluigi (2007), "The Determinants of Foreign Direct Investment: A Panel Data Study on AMU Countries" ,https://www. ljmu ac uk/AFE /AFE -docs/cibef1109pdf
Hisarciklilar, Mehtap; Kayam, SaimeSuna and Kayalica, Ozgur (2006), "Locational Drives of FDI in MENA Countries: A Spatial Attempt", MPRA Paper No. 2085.
IMF (2003), "Effects of Financial Globalization on Developing Countries: Some Empirical Evidence", International Monetary Fund, Washington, D.C.
Jafarnejad, Ahmad; ArashGolman and Nader Ale Ebrahim, (2009), "Determinants of foreign direct Investment in IRAN: An Empirical Study Using Structural Equation Modeling", Middle East FORUM, Issue 9, December, pp.71-83.
Jana, Parletun (2008), "The Determinants of Foreign Direct Investment: A Regional Analysis with Focus on Belarus", Lund University Department of Economics http://www. Essay.se/about/jana+p%C3%84rletun.
Johnson, Andreas (2005), "Host Country Effects of Foreign Direct Investment: The Case of Developing and Transition Economies", JIBS Dissertation Series.NO. 031.
Kahai, Simran K. (2011), "Traditional and Non – Traditional Determinants of Foreign Direct Investment in Developing Countries", Journal of Applied Business Research, Vol. 20, No. 1.
Khachoo, AbQuyoom and Mohd Imran Khan, (2012), "Determinants of FDI Inflows to Developing Countries: A Panel Data Analysis", MPRA Paper No. 37278.
Kinuthia, BethuelKinyanjui (2010), "Does Foreign Direct Investment (FDI) Accelerate Growth? Evidence from Malaysia", Int. J. Liability and Scientific Enquiry, Vol. 3, Nos. 1/2.
Kumar, N. (1994), "Determinants of Export Orientation of Foreign Production by US Multinationals: An Inter-Country Analysis", Journal of International Business, 25(1), pp. 141-156.
Lim,Ewe-Ghee (2001), "Determinants of, and the Relation Between, Foreign Direct Investment and Growth: A Summary of the Recent Literature", IMF Working Paper 175, p.
Moosa, IA (2002), "Foreign Direct Investment: Theory, Evidence and Practice", Palgrave, UK.
Morisset, Jacques (2001), "Foreign Direct Investment in Africa: Policies also Matter", Transnational Corporation, 9(2), pp. 107-125.
Mottaleb, KhondokerAbdul (2007), "Determinants of Foreign Direct Investment and Its Impact on Economic Growth in Developing Countries", Munich Personal Re PEc Archive, MPRA Paper No.9457.
Nonnemberg, Marcelo Braga and Mario Torgo Cardoso de Mendonca ( 2004), "Investigate the Determinants of Foreign Direct Investment (FDI) in Developing Countries", January, Working Paper, Institute of Applied Economic Research, 15-16.
Nunnenkamp, P. and Julius, Spatz (2002),"Determinants of FDI in developing Countries: Has Globalization Changed the Rules of the Game? Kiel Institute for World Economics.
Onyeiwu, steve (2003), "analysis of FDI Flows to Developing Countries: Is the MENA Region Different?", Paper Presented at ERF 10th Annual Conference, December, Marrakech, Morocco, pp.6-7.
Ramirez, Miguel D, 2009, Foreign Direct Investment and it's Determinants in the Chilean Case: An Error Correction Model Analysis, 1960-2002, Economic Department Working Paper, 62, p. 17-22.
Sahoo, Pravakar (2006), "Foreign Direct Investment in South Asia: Policy, Trends, Impact and Determinants", ADB Institute Discussion Paper No. 56.
Sun,Qiam; Wilson Tong and Qiao Yu (2002), "Determinants of Foreign Direct Investment across China", Journal of International Money and Finance, 21(2002), pp.79-113.
UNCTAD; UNCTAD Statistics, 2012.
UNCTAD (1998), "World Investment Report: Trends and Determinants", United Nations, New York and Geneva.
World Investment Report: (2004) "The Shift Towards Services", United Nations, New York and Geneva.
World Investment Report : (2008) Transnational Corporations and the Infrastructure Challenge", United Nations, New York and Geneva.
World Bank; World Development Indicator, 2012.