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Institutions and Investment in the South and East Asia and Pacific Region: Evidence from Meta-Analysis

Yerrabati, S; Hawkes, D; (2016) Institutions and Investment in the South and East Asia and Pacific Region: Evidence from Meta-Analysis. Economics , 10 , Article 2016-11. 10.5018/economics-ejournal.ja.2016-11. Green open access

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Abstract

The ability of any country to attract inward FDI is considered to depend on the quality of the economic governance found within that state. This study seeks to explore the value of quality economic governance in attracting FDI in South and East Asia by meta-synthesising 771 estimates from 48 empirical studies published between 1980 and 2012. The authors find evidence that countries with good quality regulation and low levels of corruption are able to attract more FDI. They also find that countries with stronger legal systems are rewarded with higher levels of inward FDI. The results of the meta-regression suggest that investing in quality economic governance is rewarded in the global economy through high levels of inward FDI.

Type: Article
Title: Institutions and Investment in the South and East Asia and Pacific Region: Evidence from Meta-Analysis
Open access status: An open access version is available from UCL Discovery
DOI: 10.5018/economics-ejournal.ja.2016-11
Publisher version: http://dx.doi.org/10.5018/economics-ejournal.ja.20...
Language: English
Additional information: Copyright © Author(s) 2016. Licensed under the Creative Commons License - Attribution 4.0 International (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0/).
Keywords: FDI; governance; meta-regression analysis; systematic literature review; South and East Asia and Pacific countries
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > School of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education
UCL > Provost and Vice Provost Offices > School of Education > UCL Institute of Education > IOE - Culture, Communication and Media
URI: https://discovery.ucl.ac.uk/id/eprint/1493132
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