FDI, Institutions and Growth: Evidence from BRICS and Turkey

Cem Tintin

Research output: Chapter in Book/Report/Conference proceedingConference paper

Abstract

The study empirically investigates the effect of Foreign Direct Investment (FDI) on economic growth and explores the determinant factors in BRICS countries and Turkey (BRICST) by taking the role of institutions into account. The regression results show that FDI is beneficial for economic growth and the positive effect of FDI increases with more economic freedoms. The study examines the determinants of FDI in BRICST by considering the composite FDI potential index and several other variables such as GDP size and openness. The results reveal that better institutions attract more FDI. Therefore, BRICST countries should prioritize the institutional reforms in their policy agenda. Such a policy will increase the positive effect of FDI on growth and will make these countries more resilient to the shocks such as the economic crises.
Original languageEnglish
Title of host publicationProceedings of the Annual Conference on International Political Economy
Number of pages19
Publication statusPublished - 1 Sep 2012
Eventthe Annual Conference on International Political Economy - Izmir, Turkey
Duration: 23 May 201225 May 2012

Conference

Conferencethe Annual Conference on International Political Economy
CountryTurkey
CityIzmir
Period23/05/1225/05/12

Keywords

  • FDI
  • BRICS

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