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State Based Determinants Of Inward Fdi Flow In The Us Economy, Lucyna Kornecki, E. M. Ekanayake
State Based Determinants Of Inward Fdi Flow In The Us Economy, Lucyna Kornecki, E. M. Ekanayake
Accounting, Economics, Finance, and Information Sciences - Daytona Beach
Inward foreign direct investment (FDI) represents an integral part of the US economy. The flow of international capital has been a key factor expanding economy. The inward US FDI constitutes important factor contributing to output growth in the US economy. This paper investigates factors affecting the inward FDI flow among fifty states of the United States. The analysis uses annual data for the period from 1997 to 2007. The study identifies several state-specific determinants of FDI and investigates the changes in their importance during the study period. Our results show that among the major determinants, the real per capita income, …