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We examine episodes of large gross FDI inflows - surges - at the sectoral level between 1994 and 2009 for 95 emerging …-market and industrial countries. We find that surges in the primary and manufacturing sectors are less cyclical and associated … with lower macroeconomic volatility than surges in the business and finance sectors. The likely explanation for this result …
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This study investigates the cointegrating and causality relationships between foreign direct investment (FDI), foreign portfolio investment (FPI) and institutional quality in a sample of 12 emerging market economies for the period from 2007 to 2017. A composite index for institutional quality...
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