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Autor
Napiórkowski Tomasz (Szkoła Główna Handlowa w Warszawie)
Tytuł
Impact of COVID-19 Pandemic on Foreign Direct Investment - the World Perspective
Źródło
Optimum : Economic Studies, 2022, nr 4 (110), s. 67-80, tab., wykr., bibliogr. s. 77-80
Słowa kluczowe
COVID-19, Inwestycje bezpośrednie, Inwestycje zagraniczne
COVID-19, Direct investments, Foreign investment
Uwagi
Klasyfikacja JEL: F21, F23
summ.
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 examines 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. (original abstract)
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Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
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Bibliografia
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Cytowane przez
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ISSN
1506-7637
Język
eng
URI / DOI
http://dx.doi.org/10.15290/oes.2022.04.110.05
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