Determinants of FDI: Analysis of BRICS Countries | Original Article
The study aims to investigate how FDI Flows are affected by various economic factors prevailing in that particular nation. The study analyses country wise six determinants which are Real Gross Domestic Product, Consumer Indices, Services Trade Openness, Workers Remittances and Compensation of Employees, Gross Capital Formation and Electric Power Consumption. E-Views is being used to apply Augmented Dickey Fuller Test and Multiple Regression for each country separately to identify significant determinants of FDI Flows. The data is collected from various resources mainly comprising of United Nations Conference on Trade and Development and World Development Indicators of The World Bank for the years 1995-2017. The study finally concludes that all the independent variable do not have the same significance pattern toward FDI. The study also highlights the significance of panel data analysis to generate results.