Antonakakis, Nikolaos; Tondl, Gabriele - In: Cogent Economics & Finance 3 (2015) 1, pp. 1-25
In this paper, we examine the determinants of outward FDI from four major OECD investors, namely, the US, Germany … on specific theories of FDI determinants, we examine them all simultaneously by employing Bayesian model averaging (BMA … distinguish robust FDI determinants. We find that no single theory governs the decision of OECD FDI in developing countries but a …