Foreign direct investment: robustness analysis of an attractiveness index

Oliveira, João Zambujal; Amaral, José

http://hdl.handle.net/10400.13/5695

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Authors

Oliveira, João Zambujal

Amaral, José

Abstract(s)

One of the most heavily employed tools to define countries’ policies are the attractiveness indexes. The main purpose of our paper is to formally verify the capacity of an attractiveness index to describe the phenomenon of Foreign Direct Investment (FDI). Severe weaknesses were detected through the use of a framework (princi pal components analysis and Cronbach’s alpha reliability) to analyse indexes, regarding the theoretical back ground and the adequate selection of indicators, especially the ones from the bottom. Additionally, the study demonstrated that the analyzed FDI attractiveness index built to formally aggregate the factors that impacts foreign direct investment can hardly be applied to emerging economies.

Keywords

Economics Factor analysis Investment analysis Location problems . Faculdade de Ciências Sociais

URI

http://hdl.handle.net/10400.13/5695

Citation

Oliveira, J. Z., & Amaral, J. (2023). Foreign direct investment: robustness analysis of an attractiveness index. International Transactions in Operational Research, 30(5), 2595-2619.