THE DETERMINANTS OF FOREIGN DIRECT INVESTMENTS FLOWS IN BRICS

PIRLOGEANU Dan , „Alexandru Ioan Cuza” University of Iași

Abstract:
The aim of this paper is to study the determinants of FDI inflows in BRICS countries between 2000 – 2015. In recent years, the development of the global economy has lead to remarkable growth of foreign direct investment. Developing contries, especially these in this group have surpassed most of the developed countires, in FDI volume. The study is organized in two parts: a brief literature review of the main determinants of FDI and, a short presenation of the evolution of FDI inflows in BRICS and an analyze of these determinants. The impact of the considered determinants is analyzed with the Pearson correlation test. The variables taken into account are: infrastructure, market size, market openess, natural resources, human resources, political stability, exchange rate, external debt, inflation, wages, tax rates, GDP and FDI stock.

Keywords: Foreign direct investments, determinants, BRICS, FDI inflows

JEL Classification: E22

Volume: 69, Issue: 2

Pages: 138 - 145

Publication date: August, 2017

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/69212pirlogeanu.pdf

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