Open AccessPolitical Stability and FDI in OIC Countries
Author(s) -
Ahmad Jafari Samimi,
Reza Moghaddasi,
Khosro Azizi
Publication year - 2011
Publication title -
journal of social and development sciences
Language(s) - English
Resource type - Journals
ISSN - 2221-1152
DOI - 10.22610/jsds.v1i1.624
Subject(s) - foreign direct investment , openness to experience , panel data , gross domestic product , economics , political instability , political stability , international economics , sample (material) , politics , revenue , economic stability , monetary economics , macroeconomics , econometrics , political science , psychology , social psychology , chemistry , chromatography , law , accounting
The purpose of the present paper is to investigate the impact of Political stability on foreign direct investment (FDI) revenues in Organization of Islamic Conference (OIC) countries. To do so, we have concentrated on a sample of 16 countries for which the necessary data were available for the period 2002-2009. We have used a panel data regression analysis. Our empirical results indicate that Population, openness and gross domestic product (GDP) have positive impact on FDI, whereas Political Stability has a detrimental effect on FDI in OIC countries.