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Determining the influence of LPI, GCI and IR on FDI: A study on the Asia and Pacific Region

This study examines the impact of the Logistics Performance Index (LPI), Global Competitiveness Index (GCI) and Interest Rates (IR) on Foreign Direct Investment (FDI) for the Asia & Pacific region. The study is original as extensive evidence on the impact of LPI, GCI and IR on FDI in the Asia &a...

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Autores principales: Wannisinghe, Pasindu, Jayakody, Sanjula, Rathnayake, Sashini, Wijayasinghe, Deshani, Jayathilaka, Ruwan, Madhavika, Naduni
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9891520/
https://www.ncbi.nlm.nih.gov/pubmed/36724199
http://dx.doi.org/10.1371/journal.pone.0281246
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author Wannisinghe, Pasindu
Jayakody, Sanjula
Rathnayake, Sashini
Wijayasinghe, Deshani
Jayathilaka, Ruwan
Madhavika, Naduni
author_facet Wannisinghe, Pasindu
Jayakody, Sanjula
Rathnayake, Sashini
Wijayasinghe, Deshani
Jayathilaka, Ruwan
Madhavika, Naduni
author_sort Wannisinghe, Pasindu
collection PubMed
description This study examines the impact of the Logistics Performance Index (LPI), Global Competitiveness Index (GCI) and Interest Rates (IR) on Foreign Direct Investment (FDI) for the Asia & Pacific region. The study is original as extensive evidence on the impact of LPI, GCI and IR on FDI in the Asia & Pacific region are examined initially. For the years 2007, 2010, 2012, 2014, 2016 and 2018, data was gathered for 33 nations in the Asia and Pacific area. Data analysis was performed using a panel regression model and multiple linear regression. The findings of the study reveal that LPI, GCI and IR are the three major factors influencing FDI inflows into the economies. However, the impact of these factors varies from country to country. The results concluded that LPI positively impacts FDI in India, Korea, Lebanon, and Oman. In contrast, a negative influence was observed for China, Kuwait and the Philippines. GCI positively impacts FDI in China, Korea, Kuwait, Pakistan and the Philippines, while a negative impact was observed in Armenia, India, Lebanon. Furthermore, IR has a positive impact on FDI flows in China and Egypt while in Korea and Lebanon, a negative impact was observed. Therefore, policymakers should focus more on improving the infrastructural requirements and macroeconomic factors while considering the other country-level variables that influence the FDI in flow.
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spelling pubmed-98915202023-02-02 Determining the influence of LPI, GCI and IR on FDI: A study on the Asia and Pacific Region Wannisinghe, Pasindu Jayakody, Sanjula Rathnayake, Sashini Wijayasinghe, Deshani Jayathilaka, Ruwan Madhavika, Naduni PLoS One Research Article This study examines the impact of the Logistics Performance Index (LPI), Global Competitiveness Index (GCI) and Interest Rates (IR) on Foreign Direct Investment (FDI) for the Asia & Pacific region. The study is original as extensive evidence on the impact of LPI, GCI and IR on FDI in the Asia & Pacific region are examined initially. For the years 2007, 2010, 2012, 2014, 2016 and 2018, data was gathered for 33 nations in the Asia and Pacific area. Data analysis was performed using a panel regression model and multiple linear regression. The findings of the study reveal that LPI, GCI and IR are the three major factors influencing FDI inflows into the economies. However, the impact of these factors varies from country to country. The results concluded that LPI positively impacts FDI in India, Korea, Lebanon, and Oman. In contrast, a negative influence was observed for China, Kuwait and the Philippines. GCI positively impacts FDI in China, Korea, Kuwait, Pakistan and the Philippines, while a negative impact was observed in Armenia, India, Lebanon. Furthermore, IR has a positive impact on FDI flows in China and Egypt while in Korea and Lebanon, a negative impact was observed. Therefore, policymakers should focus more on improving the infrastructural requirements and macroeconomic factors while considering the other country-level variables that influence the FDI in flow. Public Library of Science 2023-02-01 /pmc/articles/PMC9891520/ /pubmed/36724199 http://dx.doi.org/10.1371/journal.pone.0281246 Text en © 2023 Wannisinghe et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Wannisinghe, Pasindu
Jayakody, Sanjula
Rathnayake, Sashini
Wijayasinghe, Deshani
Jayathilaka, Ruwan
Madhavika, Naduni
Determining the influence of LPI, GCI and IR on FDI: A study on the Asia and Pacific Region
title Determining the influence of LPI, GCI and IR on FDI: A study on the Asia and Pacific Region
title_full Determining the influence of LPI, GCI and IR on FDI: A study on the Asia and Pacific Region
title_fullStr Determining the influence of LPI, GCI and IR on FDI: A study on the Asia and Pacific Region
title_full_unstemmed Determining the influence of LPI, GCI and IR on FDI: A study on the Asia and Pacific Region
title_short Determining the influence of LPI, GCI and IR on FDI: A study on the Asia and Pacific Region
title_sort determining the influence of lpi, gci and ir on fdi: a study on the asia and pacific region
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9891520/
https://www.ncbi.nlm.nih.gov/pubmed/36724199
http://dx.doi.org/10.1371/journal.pone.0281246
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