Determinants of Foreign Direct Investment in MINT Countries (Mexico, Indonesia, Nigeria, and Turkey)

The main objective of this study is to analyze the determinants of foreign direct investment in MINT countries (Mexico, Indonesia, Nigeria, and Turkey). The variables used in this study are foreign direct investment (FDI), gross domestic product (GDP), inflation, and trade. The annual data for 30 ye...

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Main Author: Kong, Ying Ying
Format: Final Year Project Report
Language:English
Published: Universiti Malaysia Sarawak, (UNIMAS) 2022
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Online Access:http://ir.unimas.my/id/eprint/39826/2/Kong%20Ying%20Ying%20%28fulltext%29.pdf
http://ir.unimas.my/id/eprint/39826/
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spelling my.unimas.ir.398262023-07-11T09:26:16Z http://ir.unimas.my/id/eprint/39826/ Determinants of Foreign Direct Investment in MINT Countries (Mexico, Indonesia, Nigeria, and Turkey) Kong, Ying Ying HF Commerce The main objective of this study is to analyze the determinants of foreign direct investment in MINT countries (Mexico, Indonesia, Nigeria, and Turkey). The variables used in this study are foreign direct investment (FDI), gross domestic product (GDP), inflation, and trade. The annual data for 30 years, from 1990 to 2019 were employed. The tests used to determine the result of this study consist of the Im, Pesaran, and Shin (IPS) Panel Unit Root Test, Pedroni Panel Cointegration Test, and Pooled Mean Group (PMG) Estimation. The results indicate that, in the long run, GDP has a positive impact on FDI inflows to MINT countries and that it is statistically significant. In addition, inflation is statistically significant and negatively impacts FDI. Contrary to priori expectations, trade has a negative relationship with FDI, and it is not statistically significant. Additionally, none of the independent variables showed a statistically significant impact on FDI inflow in the short run. Lastly, this paper suggests policy recommendations on this issue, explains the study's limitations and provides recommendations for future studies in relation to this topic. Universiti Malaysia Sarawak, (UNIMAS) 2022 Final Year Project Report NonPeerReviewed text en http://ir.unimas.my/id/eprint/39826/2/Kong%20Ying%20Ying%20%28fulltext%29.pdf Kong, Ying Ying (2022) Determinants of Foreign Direct Investment in MINT Countries (Mexico, Indonesia, Nigeria, and Turkey). [Final Year Project Report] (Unpublished)
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic HF Commerce
spellingShingle HF Commerce
Kong, Ying Ying
Determinants of Foreign Direct Investment in MINT Countries (Mexico, Indonesia, Nigeria, and Turkey)
description The main objective of this study is to analyze the determinants of foreign direct investment in MINT countries (Mexico, Indonesia, Nigeria, and Turkey). The variables used in this study are foreign direct investment (FDI), gross domestic product (GDP), inflation, and trade. The annual data for 30 years, from 1990 to 2019 were employed. The tests used to determine the result of this study consist of the Im, Pesaran, and Shin (IPS) Panel Unit Root Test, Pedroni Panel Cointegration Test, and Pooled Mean Group (PMG) Estimation. The results indicate that, in the long run, GDP has a positive impact on FDI inflows to MINT countries and that it is statistically significant. In addition, inflation is statistically significant and negatively impacts FDI. Contrary to priori expectations, trade has a negative relationship with FDI, and it is not statistically significant. Additionally, none of the independent variables showed a statistically significant impact on FDI inflow in the short run. Lastly, this paper suggests policy recommendations on this issue, explains the study's limitations and provides recommendations for future studies in relation to this topic.
format Final Year Project Report
author Kong, Ying Ying
author_facet Kong, Ying Ying
author_sort Kong, Ying Ying
title Determinants of Foreign Direct Investment in MINT Countries (Mexico, Indonesia, Nigeria, and Turkey)
title_short Determinants of Foreign Direct Investment in MINT Countries (Mexico, Indonesia, Nigeria, and Turkey)
title_full Determinants of Foreign Direct Investment in MINT Countries (Mexico, Indonesia, Nigeria, and Turkey)
title_fullStr Determinants of Foreign Direct Investment in MINT Countries (Mexico, Indonesia, Nigeria, and Turkey)
title_full_unstemmed Determinants of Foreign Direct Investment in MINT Countries (Mexico, Indonesia, Nigeria, and Turkey)
title_sort determinants of foreign direct investment in mint countries (mexico, indonesia, nigeria, and turkey)
publisher Universiti Malaysia Sarawak, (UNIMAS)
publishDate 2022
url http://ir.unimas.my/id/eprint/39826/2/Kong%20Ying%20Ying%20%28fulltext%29.pdf
http://ir.unimas.my/id/eprint/39826/
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score 13.211869