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http://hdl.handle.net/11320/14802
Tytuł: | Impact of COVID-19 Pandemic on Foreign Direct Investment – The World Perspective |
Autorzy: | Napiórkowski, Tomasz |
Słowa kluczowe: | Foreign Direct Investment COVID-19 pandemic |
Data wydania: | 2022 |
Data dodania: | 23-mar-2023 |
Wydawca: | Wydawnictwo Uniwersytetu w Białymstoku |
Źródło: | Optimum. Economic Studies, Nr 4(110) 2022, s. 67-80 |
Abstrakt: | Purpose – Foreign Direct Investment (FDI) has been considered a robust element of globalization that was chiefly immune to financial and economic threats. However, late 2019 introduced international direct investors to COVID-19, a yet unknown risk factor. The aim of this study is to take a holistic perspective and test a research hypothesis of a negative impact of COVID-19 on relative inward FDI activity on the global scale.Research method – FDI is modelled with a series of literature-based determinants including aggregate independent variables that allowed to overcome the issue of too many FDI determinants and model underspecification simultaneously. A series of tests is run on two models (n = 152 and n = 141) to assure their econometric validity.Results – Results show that number of COVID-19 related cases and number of deaths have not had an impact on relative inward FDI on the world scale. Originality / value / implications / recommendations – Unlike most studies, this one exa-mines relative FDI host attractiveness from a global/holistic perspective, which provides additional analytical context. Such determinants as market size, access to qualified labour force and quality of governance are shown to trump risks associated with COVID-19 in determining FDI activity. Policymakers should focus on economic growth, access to qualified labour force and political stability. Hence, lockdown policies were not the optimum solution. |
Afiliacja: | Collegium of World Economy, Warsaw School of Economics |
E-mail: | tnapio@sgh.waw.pl |
Sponsorzy: | Source of financing: Article prepared as part of a project titled “Wyzwania dla globalnej gospodarki na początku trzeciej dekady XXI w.” (KGS/S22:1.15) financed by subsidy funds of the Collegium of World Economy, Warsaw School of Economics. |
URI: | http://hdl.handle.net/11320/14802 |
DOI: | 10.15290/oes.2022.04.110.05 |
ISSN: | 1506-7637 |
metadata.dc.identifier.orcid: | 0000-0001-6028-0567 |
Typ Dokumentu: | Article |
Właściciel praw: | © Copyright by Uniwersytet w Białymstoku |
Występuje w kolekcji(ach): | Optimum. Economic Studies, 2022, nr 4(110) |
Pliki w tej pozycji:
Plik | Opis | Rozmiar | Format | |
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Optimum_4_2022_T_Napiorkowski_Impact_of_COVID_19_Pandemic_on_Foreign_Direct_Investment.pdf | 466,54 kB | Adobe PDF | Otwórz |
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