Political Stability and FDI in OIC Countries
Ahmad Jafari SamimiIslamic Azad University, Firoozkuh Branch, Firoozkuh, IranReza MoghaddasiScience and Research Branch, Islamic Azad University, Tehran, IranKhosro AziziIslamic Azad University, Firoozkuh Branch, Firoozkuh, Iran
2011en
ABI
Abstract
The purpose of the present paper is to investigate the impact of Political stability on foreign direct investment (FDI) revenues in Organization of Islamic Conference (OIC) countries. To do so, we have concentrated on a sample of 16 countries for which the necessary data were available for the period 2002-2009. We have used a panel data regression analysis. Our empirical results indicate that Population, openness and gross domestic product (GDP) have positive impact on FDI, whereas Political Stability has a detrimental effect on FDI in OIC countries.
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