Document Type : مقالات پژوهشی
Author
Abstract
The Survey of Impact of Governance indicators and Foreign Direct Investment on Private Investment in Asian countries
Hakimeh Hatef
PHD student of Agricultural Economics, Azad University of Mashhad
Alireza Karbasi
Associated Professor of Agricultural Economy Faculty of Ferdowsi University of Mashhad
Abstract
This survey analysis the relationship between private investment and foreign direct investment with emphasis of governance indicators to determine their complement or substitute relationship. The sample includes 37 Asian countries with low and high income groups for 1996-2010 periods because of governance indicators limitation. Results showed that complementary relationship exist between private investment and foreign direct investment in low income countries and substitution relationship in high income countries. Also public investment and real GDP growth have positive and significant effects on private investment.
Keywords: Private investment, Foreign direct investment, Governance indicators, Asian countries
JEL: C23 , P45 , E22 , F21
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