Examining the Regional Aspect of Foreign Direct Investment to Developing Countries

Africa

Asia

Latin America

Market potential
GDP

Population size
GDP Per capita

Growth

Agglomeration
FDI lagged

Urban Population

Factor markets

Labour market

Size of labour force

Wages
Illiteracy rate

School enrolment

Value added (productivity)
Natural ressource availability

Capital market

Domestic investment

Real interest rate

Domestic market access

Infrastructure

Number of vehicles

Railways∕roads

Telephone lines

Economic adjustment period
Liberalisation index

Privatisation

Corporate taxes

Trade taxes

International openness

Import

Export

Total trade

Trade policies

Investment treaties

MIGA

Free Trade Areas

International tourists

Geography

Latitude

Elevation

Distance or border

(+/-) Ancharaz (2002)

(+) Asiedu (2005,2006)

(+) Morisset (2000)

(-) Ancharaz (2002)

(+/-) Lemi and Asefa (2003)

(+) Asiedu et al. (2007)

(+/-) Ancharaz (2002)

(+/-) Jaspersen et al. (2000)

(+) Onyeiwu et al. (2004)

(+) Naudé and Krugell (2007)

(+) Naudé and Krugell (2007)

(+) Asiedu et al. (2007)

(+/-) Morisset (2000)

(-) Lemi and Asefa (2003)

(+) Asiedu (2005, 2006)

(+) Lemi and Asefa (2003)

(+/-) Morisset (2000)

(+) Naudé and Krugell (2007)

(+) Lemi and Asefa (2003)

(+) Morisset (2000)

(+) Onyeiwu et al. (2004)

(+) Asiedu (2005, 2006)

(+) Asiedu et al. (2007)

(+) Ancharaz (2002)

(+) Naudé and Krugell (2007)

(-) Lemi and Asefa (2003)

(+/-) Onyeiwu et al. (2004)

(+/-) Lemi and Asefa (2003)

(+/-) Morisset (2000)

(+) Asiedu (2005, 2006)

(+/-) Onyeiwu et al. (2004)

(+) Asiedu et al. (2007)

(-) Onyeiwu et al. (2004)

(-) Schoeman et al. (2000)

(+) Lemi and Asefa (2003)

(+) Morisset (2000)

(+) Asiedu (2005,2006)

(+) Onyeiwu et al. (2004)

(+/-) Ancharaz (2002)

(+/-) Lemi and Asefa (2003)

(-) Lemi and Asefa (2003)

(+/-) Lemi and Asefa (2003)

(+) Naudé and Krugell (2007)

(+/-) Naudé and Krugell (2007)

(+/-) Frenkel et al. (2004)

(+/-) Wezel (2003)

(-) Nasser (2007)

(+) Quazi (2007a)

(+/-) Frenkel et al. (2004)

(+) Nasser (2007)

(+/-) Wezel (2003)

(+) Nasser (2007)

(-) Wezel (2003)

(+/-) Nasser (2007)

(+) Nasser (2007)

(-) Wezel (2003)

(+/-) Wezel (2003)

(+/-) Nasser (2007)

(-) Frenkel et al. (2004)

(+) Bengoa et al. (2003)

(+) Frenkel et al. (2004)

(-) Campos and Kinoshita (2008)

(+) Tuman and Emmert (1999)

(+) Ferris et al. (1997)

(+/-) Tuman and Emmert (1999, 2004)

(+) Campos and Kinoshita (2008)

(+/-) Wezel (2003)

(+/-) Nasser (2007)

(+/-) Nasser (2007)

(+/-) Frenkel et al. (2004)

(+/-) Tuman and Emmert (1999)

(+) Tuman and Emmert (2004)

(+/-) Tuman and Emmert (1999)

(+) Nasser (2007)

(+) Tuman and Emmert (2004)

(+) Wezel (2003)

(+/-) Wezel (2003)

(+) Tuman and Emmert (2004)

(+) Nasser (2007)

(+/-) Tuman and Emmert (1999)

(+) Campos and Kinoshita (2008)

(+) Ferris et al. (1997)

(+/-) Bengoa et al. (2003)

(+) Nasser (2007)

(+) Campos and Kinoshita (2008)

(-) Tuman and Emmert (1999)

(+) Campos and Kinoshita (2008)

(+) Campos and Kinoshita (2008)

(+) Wezel (2003)

(+) Ferris et al. (1997)

(+/-) Tuman and Emmert (1999)

(-) Ferris et al. (1997)

(+/-) Tuman and Emmert (1999)

(+) Tuman and Emmert (2004)

(+/-) Wezel (2003)

(+) Nasser (2007)

(+/-) Tuman and Emmert (2004)

(-) Frenkel et al. (2004)

Note: (-), (+) and (+/-) indicate

a significant negative, a significant

positive and an insignificant

explanatory variable at a 10%