Economic 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

See all articles by Amar Anwar

Amar Anwar

Cape Breton University - Shannon School of Business

Mazhar Mughal

Pau Business School; Economics Department, University of Pau

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

Anwar, Amar and Mughal, Mazhar, Economic Freedom and Indian Outward Foreign Direct Investment: An Empirical Analysis (October 28, 2012). Economics Bulletin, AccessEcon, vol. 32(4), pages 2991-3007, 2012 , Available at SSRN: https://ssrn.com/abstract=2450384

Amar Anwar (Contact Author)

Cape Breton University - Shannon School of Business ( email )

P.O.Box 5300, 1250 Grand Lake Road
Sydney, Nova Scotia B1P 6L2
Canada
9025631883 (Phone)

HOME PAGE: http://www.cbu.ca/profiles/amar-anwar

Mazhar Mughal

Pau Business School ( email )

Academic field, Avenue du Doyen Poplawski
Pau, 64012
France

Economics Department, University of Pau ( email )

Avenue du Doyen Poplawski
64000 Pau
France

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