Factors affecting investment in developing countries: a panel data study
Article
Article Title | Factors affecting investment in developing countries: a panel data study |
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ERA Journal ID | 18404 |
Article Category | Article |
Authors | Salahuddin, Mohammad (Author) and Islam, Md. Rabiul (Author) |
Journal Title | Journal of Developing Areas |
Journal Citation | 42 (1), pp. 21-37 |
Number of Pages | 17 |
Year | 2008 |
Publisher | Tennessee State University |
Place of Publication | Nashville, TN. United States |
ISSN | 0022-037X |
1548-2278 | |
Web Address (URL) | http://www.jstor.org/stable/40376191 |
Abstract | This paper investigates the gross investment behavior in a panel of 97 developing countries spanning a period between 1973 and 2002. Fixed Effect Model is employed to analyze data. Variance Inflation Factor (VIF) test is conducted to ensure that the data are free from multicollinearity. Also, Granger Causality test is conducted to see if reverse causality exists. 2-Step 1st Difference Generalized Method of Moments (GMM) dynamic panel estimator has been employed to offset unobserved heterogeneity and endogeneity of regressors. The results suggest that investment decisions still seem to be significantly affected by traditional |
Keywords | investment; panel data; developing countries |
ANZSRC Field of Research 2020 | 350208. Investment and risk management |
380204. Panel data analysis | |
380302. Macroeconomic theory | |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | Southeast University, Bangladesh |
Monash University | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q2w6y/factors-affecting-investment-in-developing-countries-a-panel-data-study
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