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Financial Innovation

Table 2 UNCTAD’s Classification of FDI determinants

From: Determinants of foreign direct investment in fast-growing economies: evidence from the BRICS and MINT countries

Determining Variables

Examples

Policy variables

Tax policy, trade policy, privatization policy, macroeconomic policy

Business variables

Investment incentives

Market-related economic determinants

Market size, market growth, market structure

Resource-related economic determinants

Raw materials, labor cost, technology

Efficiency-related economic determinants

Transport and communication costs, labor productivity

  1. Source: UNCTAD (2002)
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