Determinant of FDI: Evidence from Organization of the Petroleum Exporting Countries (OPEC)
Vol. 7 No. 3 (2017), Articles
Vol. 7 No. 3 (2017)

Determinant of FDI: Evidence from Organization of the Petroleum Exporting Countries (OPEC)

https://doi.org/10.18488/journal.aefr/2017.7.3/102.3.258.266
Ali Fegheh Majidi
University of Kurdistan, Assistant Proffesor and Ms in Economics, Sanandaj, Iran
Hojatollah Hashembeigi
University of Kurdistan, Assistant Proffesor and Ms in Economics, Sanandaj, Iran
Parvin Alimoradi Afshar
University of Kurdistan, Assistant Proffesor and Ms in Economics, Sanandaj, Iran
Vahid Hashembeigi
University of Kurdistan, Assistant Proffesor and Ms in Economics, Sanandaj, Iran
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Keywords

FDI, OPEC, GMM, Investment, Economic openness.

How to Cite

Majidi, A. F. ., Hashembeigi, H. ., Afshar, P. A. ., & Hashembeigi, V. . (2016). Determinant of FDI: Evidence from Organization of the Petroleum Exporting Countries (OPEC). Asian Economic and Financial Review, 7(3), 258–266. https://doi.org/10.18488/journal.aefr/2017.7.3/102.3.258.266
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Abstract

The paper examined the determinants of foreign direct investment inflows in OPEC countries. This paper aims to find out the major determinants of foreign direct investment in the periods 1985 - 2014 using the Generalized Method of Moment (GMM) and panel data. The results show that GDP, exchange rate, imports, FDI in previous periods and gross fixed capital formation have had a positive and significant effect and government size has a negative and significant effect on FDI inflow in OPEC. Also, inflation and economic openness have no significant effect on FDI.

https://doi.org/10.18488/journal.aefr/2017.7.3/102.3.258.266
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