Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/3843
Title: A VAR Analysis on the Determinants of FDI Inflows: The Case of Sir Lanka
Contributor(s): Wijeweera, Albert  (author); Mounter, Stuart  (author)orcid 
Publication Date: 2008
Handle Link: https://hdl.handle.net/1959.11/3843
Abstract: Foreign direct investment in Sri Lanka has grown immensely since the initiation of economic reforms in 1977. Further escalations in FDI inflows are considered an integral component of the current Sri Lankan Government's intentions to foster economic growth. This paper examines the long-run effects on Sri Lanka's FDI inflows from changes in key macroeconomic variables of interest. Findings indicate that, of the five variables considered, the wage rate is the most important determinant of inbound FDI to Sri Lanka. However, other major economic indicators such as GDP, exchange rates, interest rates, and the level of external trade should also be given due consideration in policies designed to attract FDI inflows.
Publication Type: Journal Article
Source of Publication: Applied Econometrics and International Development, 8(1), p. 189-198
Publisher: Asociacion Euro-Americana de Estudios del Desarrollo Economico, Euro-American Association of Economic Development Studies
Place of Publication: Spain
ISSN: 1578-4487
Fields of Research (FoR) 2008: 140210 International Economics and International Finance
Socio-Economic Objective (SEO) 2008: 910199 Macroeconomics not elsewhere classified
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
Publisher/associated links: http://ideas.repec.org/a/eaa/aeinde/v8y2008i1_16.html
Appears in Collections:Journal Article

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