tailieunhanh - world bank the effectiveness of promotion agencies at attracting foreign direct investment phần 3

Nghiên cứu này nhằm mục đích cung cấp một số hướng dẫn cho các nhà hoạch định chính sách và quản lý của các cơ quan này được quan tâm trong việc tìm hiểu các điều kiện bên ngoài và nội bộ các cơ quan này có thể làm cho họ hiệu quả hơn trong ảnh hưởng đến quyết định vị trí của các công ty đa quốc gia. Chúng tôi đặc biệt biết ơn Giáo sư Louis Wells từ trường kinh doanh Harvard, người đã thiết yếu ở các giai đoạn khác nhau của dự án này. . | Are Investment Promotion Agencies Effective 11 most easily attracted by large In our attempt to select explanatory variables we also considered other factors in particular infrastructure and education variables as well as regional dummies but those added only limited and inconsistent explanatory power. Our empirical work is designed to understand whether investment promotion adds to the ability of the above variables to explain FDI flows. Our approach is discussed in detail in the technical appendix to this chapter but two points are important. First our approach is cross-sectional. It examines the relationships between promotion effort and FDI inflows at one point specifically in the year 2001. We cannot measure changes in flows over time because we do not have the necessary data. The absence of time dimension in our analysis is of course restrictive but it may be not as much as one might presume because of the stability of IPA budgets over time box . Box The Stability of IPA Budgets over Three- to Five-Year Periods Our approach examines to what extent differences in the promotion effort are associated with FDI flows across countries adjusting for other data availability forces us to use FDI and IPA budget for the same year but ideally one should expect a lag between these two and Wint 2001 suggest a lag of two to five years. In other words the ideal test would link IPA budget for the years 1997-99 with FDI flows in 2001. By using IPA budgets and contemporaneous FDI flows across countries we assume that the IPA budgets have not significantly changed between 1997-99 and assumption is reasonable for the large majority of countries included in our sample. All IPAs expect for four existed in 1998. Hence we may assume that they already had access to the same sources of financing as in 2001 because most funding comes from government and sometimes from donors which has a relatively slow adjustment cycle in its .