Relationship between financial crisis and foreign direct investment in developing countries using semiparametric regression approach
Date
2010
Authors
Ucal, M.
Özcan, K. M.
Bilgin, M. H.
Mungo J.
Editor(s)
Advisor
Supervisor
Co-Advisor
Co-Supervisor
Instructor
Source Title
Journal of Business Economics and Management
Print ISSN
1611-1699
Electronic ISSN
2029-4433
Publisher
Taylor & Francis
Volume
11
Issue
1
Pages
20 - 33
Language
English; Lithuanian
Type
Journal Title
Journal ISSN
Volume Title
Series
Abstract
This paper analyzes whether and to what extent the inflow of FDI is affected before and after the occurence of a financial crisis in developing countries. The paper uses a semiparametric Generalized Partial Linear Models (GPLM) regression approach to check the appropriateness and effectiveness of financial crisis in the FDI regression model. The results indicate that FDI inflows decrease in the years after a financial crisis and an upturn in FDI inflows the year before a financial crisis hit the country.