India's outward foreign direct investment a study of host country determinants and implications on trade

Title

India's outward foreign direct investment a study of host country determinants and implications on trade

Creator

Nair, Leena

Contributor

Hans, V Basil

Description

India s outward foreign direct investment newline(OFDI) has registered substantial increase since the 1990s. It is significant to analyse the motivation, location choices and implications of this trend since empirical newlineresearch has largely addressed OFDI originating from developed countries. newlineThis study analyses the pattern of India s OFDI, its changing contours in terms of host country location, composition across sectors and its implication on exports. The study aims to link motivation of investment newlineto location factors across developed and developing countries. Using OFDI newlinedata from 2001to 2013, the study analyses host country economic factors that are significant in the location of India s OFDI in the ambit of eclectic paradigm. The study empirically tests market seeking, resource seeking and strategic asset seeking nature of India s OFDI adopting a panel data newlinemethodology. newlineThe results of the study show that India s OFDI is motivated by market seeking and resource seeking in both developed and developing countries. Strategic assets are a significant motivation for investment in the newlinedeveloped countries and not in the developing countries.India s OFDI is also positively associated with host country policies like openness. To study the implication of OFDI, the study empirically tests the relation between India s OFDI and exports using time series methodology. The empirical test newlineof the relation between OFDI and exports shows a significant long term positive relation between the two. newlineThe current research is presented in six chapters. Chapter 1 consists of the introduction, objectives, hypotheses and significance of the study. Chapter 2 consists of the literature review. The changing direction and composition by sectors is analysed in chapter 3. Chapter 4 contains the methodology. Chapter 5 presents the results of the study and chapter 6 contains the conclusion and policy implications. newline

Source

Author's Submission

Date

2017-01-01

Publisher

Christ(Deemed to be University)

Subject

Economics

Rights

Open Access

Relation

61000070

Format

PDF

Language

English

Type

PhD

Identifier

http://hdl.handle.net/10603/165966