Download This PaperEconomic Freedom and Indian Outward Foreign Direct Investment: An Empirical Analysis
Economics Bulletin, AccessEcon, vol. 32(4), pages 2991-3007, 2012
17 Pages Posted: 15 Jun 2014
Date Written: October 28, 2012
Abstract
This study examines the role economic freedom plays in attracting Indian outward foreign direct investment to various countries. Investments by Indian multinationals to various continents are studied along with aggregate investment outflows. Results show that Indian outward FDI do appear to prefer economically free economies. Government size, ease of foreign trade, and market regulations are the aspects of economic freedom Indian investors appear to cherish, while legal structure does not seem to influence the volume of investments by Indian multinationals.
Keywords: Outward FDI; Economic Freedom; Foreign Direct Investment; India
JEL Classification: F21, O53
Suggested Citation: Suggested Citation
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