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Volume : III, Issue : IX, October - 2013 Panel Data Modelling: A Case Study On Determinants Of Fdi In Developing Countries. Deepali Karmali DOI : 10.9780/22307850, Published By : Laxmi Book Publication Abstract : Panel Data modelling is a major advancement in econometric analysis of financial and economic data. It has several advantages over Ordinary Least Square Method. In this paper an attempt is made to study the determinants of FDI in developing countries using Panel Data Framework. The model hypothesised that the factors affecting FDI in developing countries are the market size, external debt, trade openness, exchange rate and inflation. The study used fixed effects and random effects models and the selection of these models was made using Hausman and Breusch-Pagen tests. The study also used Wald and F-test to estimate the joint significance of time dummies. Data used for the present study ranges between 1994-2009 and all major developing countries including India have been included in panel. The study has many interesting results and can have far reaching implications to the economic policies of developing countries. The results of the study will be of much use to India as we are in process of fine tuning our policy towards FDI. Keywords : Article : Cite This Article : Deepali Karmali, (2013). Panel Data Modelling: A Case Study On Determinants Of Fdi In Developing Countries.. Indian Streams Research Journal, Vol. III, Issue. IX, DOI : 10.9780/22307850, http://oldisrj.lbp.world/UploadedData/3185.pdf References : - Asiedu, E., (2002), “On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different?”, World Development, vol. 30 (1), pp. 107-119.
- Baltagi B.H., (1995), “Econometric Analysis of Panel Data”, John Wiley & Sons Ltd., West Sussex, England.
- Chowdhury A & Mavrotasa G. (June 2005), “FDI & Growth: A Causal Relationship”, Research Paper, No.25, Copyright © UNO-WIDER, Paper Downloaded
- Dinardo & Johnston, (1997), “Econometrics Methods”, 4th edition, McGraw-Hill International Editions, New York, pp.388-407.Crespo, Nuno and Fontoura, Maria P., (2007), “Determinant Factors of FDI Spillovers- What do We Really Know?” World Development, Vol. 35, No. 3, pp 410-425.
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