Abstract
This study explores the factors that drive foreign direct investment (FDI) to
India, China, Brazil, South Africa and Russia that are called as “BRICS”
collectively. Employing random effect panel estimation technique on panel data
for the years 1990-2011, the study found that market size, trade openness, GDP
growth rate, macroeconomic stability and infrastructure availability are
essentially the key location factors for overseas investors. While, WTO accession
has an insignificant impact on FDI in BRICS.
Mumtaz Hussain Shah, Zahid Ali. (2016) What Drives Foreign Direct Investment to BRICS?, Putaj Humanities And Social Science, Volume-23, Issue-1.
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