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:: Volume 7, Issue 28 (Quarterly Journal of Fiscal and Economics Policies 2020) ::
2020, 7(28): 7-33 Back to browse issues page
The Survey of the Robust Legal Institutions of Doing Business on the Capital Flight and Attracting Foreign Direct Investment
Ahmad Esmaeilie Rad Dr., Mohamad Mahdi Zare Shahneh Dr., Madjid Hatefi Madjumerd Dr.
Abstract:   (493 Views)
One of the important preconditions for economic growth and development is the provision of capital; each society needs to provide an environment to attract foreign and domestic investment. But despite the rich revenues of oil in OPEC member countries, their business environments are largely confronted with the domestic Capital Flight and reluctance of foreign investors to invest. The purpose of this paper, using panel models, is to examine the dimensions of doing business on the Capital Flight, as well as the attraction of foreign direct investment in OPEC countries during the period 2007-2017. In this framework, according to the World Bank doing Business report in 2018, business dimensions are divided into two dimensions: the complexity and cost of business incorporation processes and robust legal institutions. The results generally show that complexity and cost of business incorporation processes are important for foreign investors, while for domestic investors, the robust legal institutions are more important.
Keywords: Capital Flight, Doing Business, Foreign Direct Investment
Full-Text [PDF 889 kb]   (122 Downloads)    
Type of Study: Research | Subject: Special
Received: 2019/06/4 | Accepted: 2020/07/6 | Published: 2021/03/19
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Esmaeilie Rad A, Zare Shahneh M M, Hatefi Madjumerd M. The Survey of the Robust Legal Institutions of Doing Business on the Capital Flight and Attracting Foreign Direct Investment. quarterly journal of fiscal and Economic policies. 2020; 7 (28) :7-33
URL: http://qjfep.ir/article-1-1021-en.html


Volume 7, Issue 28 (Quarterly Journal of Fiscal and Economics Policies 2020) Back to browse issues page
فصلنامه سیاستهای مالی و اقتصادی Quarterly Journal of Fiscal and Economic Policies
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