نوع مقاله : مقاله پژوهشی
نویسندگان
1 دانشجوی دکتری دانشکده اقتصاد دانشگاه علامه طباطبائی
2 گروه اقتصاد امور عمومی، دانشکده اقتصاد، دانشگاه خوارزمی، تهران
چکیده
کلیدواژهها
موضوعات
عنوان مقاله [English]
نویسندگان [English]
Foreign direct investment is one of the most important tools in the growth and development of countries. In recent years, understanding the impact of uncertainty as a potential driver of international investment flows has received attention.
To examine the impact of global uncertainty on foreign direct investment, a global vector autoregression model and a sample of 33 countries over the period 1991: 2Q to 2023: 4Q are used. This study makes a significant contribution to enriching the foreign direct investment literature by using a global uncertainty index that covers different aspects of uncertainty as well as a global vector autoregression model that considers the linkages between countries in the world.
Foreign direct investment shows heterogeneous effects following global uncertainty shocks, as a large impact on foreign direct investment is observed in some countries, while others are less affected. The long-term results for most countries show a negative impact of the global uncertainty shock on FDI flows.
This negative impact is explained by the postponement of investment in uncertain conditions.
کلیدواژهها [English]
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