Journal Article
No. 2015-19 | July 13, 2015
Does Growth Attract FDI?
(Published in Special Issue Meta-Analysis in Theory and Practice)


FDI is seen widely as a vital source of investment, technology transfer, and growth. The factors that attract FDI have been a longstanding source of debate. The authors present a comprehensive assessment of the accumulated evidence on one factor, the success of economic growth in attracting FDI. Meta-regression analysis is applied to 946 estimates from 140 empirical studies. The results confirm that, on average, economic growth is an important determinant of FDI. Overall, there is a positive correlation between growth and FDI and this is much larger among single country case studies than with cross-country analysis.

Data Set

JEL Classification:

O24, F21


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Cite As

Sasi Iamsiraroj and Hristos Doucouliagos (2015). Does Growth Attract FDI? Economics: The Open-Access, Open-Assessment E-Journal, 9 (2015-19): 1–35.

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