Determinants of Canadian outward FDI: variable selection using bayesian statistical techniques
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Determinants of Canadian outward FDI: variable selection using bayesian statistical techniquesAutoria
Tutor/Supervisor; Universitat.Departament
Camarero Olivas, María Amparo; Universitat Jaume I. Departament d'EconomiaData de publicació
2018-10-30Editor
Universitat Jaume IResum
Foreign Direct Investment (FDI) has gained importance in recent years and there
is an abundant literature about its determinants. However, there is no consensus
about the main variables to be included in a model. ... [+]
Foreign Direct Investment (FDI) has gained importance in recent years and there
is an abundant literature about its determinants. However, there is no consensus
about the main variables to be included in a model. Using Canadian outward FDI
stocks we look for the most relevant explanatory variables using Bayesian model
selection techniques. We have a sample that goes from 1995 to 2014 for a group of 20
developed and emerging host countries and 26 potential explanatory variables. Due
to the heterogeneity of the host countries, we have divided them into groups according
to their geographical position. We have found that the factors that determine FDI
are very diverse depending on the group of countries considered. Moreover, the
patterns found are in line with di erent economic theories. In the case of emerging
countries, \vertical" FDI models explain the Canadian outward activity. Also, in
the case of Europe, the explanatory variables di er between core and peripheral
countries: market size, openness and institutional factors are the relevant factors
for the periphery. Credit, colonial link, internet use and language are the relevant
variables for core countries. [-]
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Descripció
Treball Final de Màster Universitari en Economia / Master in Economics. Codi: SRN015. Curs acadèmic 2017-2018
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info:eu-repo/semantics/masterThesisDrets d'accés
http://rightsstatements.org/vocab/CNE/1.0/
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info:eu-repo/semantics/restrictedAccess