The Effect of Foreign Direct Investment on the Economic Development of Mongolia

View Sample PDF

Author(s): Erdenebat Mungunzul (Economics Department, Graduate School, Daegu University, Kyungsan, Republic of Korea)and Taikoo Chang (Economics Department., Daegu University, Kyungsan, Republic of Korea)
Copyright: 2020
Pages: 12
Source title: Foreign Direct Investments: Concepts, Methodologies, Tools, and Applications
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-7998-2448-0.ch044

Keywords: Accounting & Finance / Accounting and Finance / Business & Management / Business Science Reference

Purchase

View The Effect of Foreign Direct Investment on the Economic Development of Mongolia on the publisher's website for pricing and purchasing information.

Abstract

This article describes how foreign direct investment in Mongolia has reached 3.9 billion US$ mainly in the mining sector that amounted approximately 40% of the year's GDP. Even though FDI into Mongolia has been grown along with the country's economic development with trade openness to the world, a few studies have used regression analysis to analyze determinant factors of FDI. This article has estimated the determinants attracting FDI inflow into Mongolia by using two methods: applying single country (Mongolia) data using the determinants attracting FDI inflow into Mongolia from 1995-2014, and applying the determinants attracting FDI from the top investment countries using panel data, using random and fixed effects models from 2005-2013. The study results showed that GDP of Mongolia has a positive and significant effect on the FDI inflow. It was also revealed that the partner countries located either too far away from or too close to Mongolia pay little attention to and play a small investment role in Mongolian FDI.

The IRMA Community

Research IRM

The Effect of Foreign Direct Investment on the Economic Development of Mongolia

Purchase

Abstract

Related Content

IRMA Sponsors