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dc.contributor.advisorBaimbridge, Mark J.
dc.contributor.advisorJackson, Karen
dc.contributor.authorZang, Wenyu
dc.date.accessioned2013-11-21T15:44:14Z
dc.date.available2013-11-21T15:44:14Z
dc.date.issued2013-11-21
dc.identifier.urihttp://hdl.handle.net/10454/5690
dc.description.abstractThis thesis complements current studies by focusing on developed OECD countries as they are the major sources and recipients of world FDI and current studies relating to developed countries using aggregate country FDI data are limited. This study empirically tests the determinants of FDI inflows and outflows and their relationship with economic growth using 2SLS simultaneous equations model between 1981 and 2008 for a sample of 20 developed OECD countries. The empirical findings suggest that FDI inflows do not contribute to economic growth in the host country and economic growth positively affects FDI inflows. In addition, trade openness and flexible employment protection legislation in the host country attract FDI inflows. In terms of FDI outflows, the results show that FDI outflows reduce economic growth in the home country, while economic growth in the home country increases FDI outflows. Moreover, high past level of outward FDI stock, trade openness, low labour cost and currency depreciation in the home country provide incentives for domestic firms to invest abroad. Therefore, this study does not support offering special incentives to foreign investors to attract FDI inflows or offering promotional policies to domestic firms to encourage FDI outflows. Instead, government should provide incentives for domestic investment and other sound policies to increase economic growth, which in itself provides a good environment to attract FDI inflows and to encourage FDI outflows. Keywords: FDI inflows, FDI outflows, two stage least squares simultaneous equations, economic growth, labour market flexibility.en_US
dc.language.isoenen_US
dc.rights<a rel="license" href="http://creativecommons.org/licenses/by-nc-nd/3.0/"><img alt="Creative Commons License" style="border-width:0" src="http://i.creativecommons.org/l/by-nc-nd/3.0/88x31.png" /></a><br />The University of Bradford theses are licenced under a <a rel="license" href="http://creativecommons.org/licenses/by-nc-nd/3.0/">Creative Commons Licence</a>.eng
dc.subjectForeign direct investment; FDIen_US
dc.subject; Economic growthen_US
dc.subject; FDI inflowsen_US
dc.subject; FDI outflowsen_US
dc.subject; Two stage least squares simultaneous equationsen_US
dc.subject; Labour market flexibilityen_US
dc.titleForeign direct investment: causes and consequences. The determinants of inward and outward FDI and their relationship with economic growthen_US
dc.type.qualificationlevelDoctoralen_US
dc.publisher.institutionUniversity of Bradfordeng
dc.publisher.departmentThe School of Social and International Studies, Economics Divisionen_US
dc.typeThesiseng
dc.type.qualificationnamePhDen_US
dc.date.awarded2012
refterms.dateFOA2018-07-19T12:19:16Z


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