Dua, Pami; Garg, Reetika - In: Journal of Developing Areas 49 (2015) 1, pp. 133-155
This study examines the macroeconomic factors underlying FDI flows to India using cointegrating VAR with I(1) exogenous variables. The results indicate that conventional determinants such as a depreciating exchange rate, higher domestic returns, higher domestic output and better infrastructure...