Examining the Regional Aspect of Foreign Direct Investment to Developing Countries



Table 1: Regional Distribution of FDI

1970-1980

1980-1990

1990-2000

2000-2006

Developing economies (millions)

5922

20580

118185

255648

Africa

15.9

6.4

3.9

4.7

Nigeria

5.4

2.1

1.3

1.0

South Africa

1.6

0.1

0.7

0.9

Latin America

47.6

31.8

35.6

29.6

Argentina

2.2

2.8

5.8

1.7

Brazil

21.4

8.4

8.4

7.5

Mexico

7.6

11.6

7.2

7.9

Asia

29.3

43.3

56.2

53.8

East Asia

7.5

22.4

35.6

38.2

China

0.0

7.9

24.6

22.1

Hong Kong

4.5

10.4

7.6

12.3

South Korea

1.8

1.6

2.1

2.3

South Asia

1.1

1.2

2.0

3.5

South-East Asia

20.8

19.7

18.6

12.0

Indonesia

7.4

1.6

1.8

0.4

Singapore

5.1

9.3

7.2

6.1

Thailand

___________1.3

___________2.5

__________2.7

___________2.3

Note: Shows FDI as a share of total FDI going to developing countries.
Source: FDI data is from the UNCTAD database (constant 2000 US Dollars).

Table 2: Panel Data Models: Regional Dummies

Africa

South Asia

East Asia

Latin America

Noorbakhsh and Youssef (2001)

(+/-)

(+/-)

Edwards (1990)

(+)

(+/-)

Asiedu (2002)

(-)

Jaspersen et al. (2000)

(-)

Ancharaz (2002)

(+/-)

Gani (2007)

(-)

Wilhelms and Witter (1998)

(-)

(+)

Addison and Heshmati (2003)

(+/-)

(-)

(+)

(+)

Yang (2007)

(-)

Hein (1992)____________________

_______(+/-)

________________(+/-)

Note: (-), (+) and (+/-) indicate a significant negative, a significant positive and an insignificant
regional dummy at a 10% significance level, respectively.

17



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