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The effectiveness of promotion agencies at attracting foreign direct investment

Morisset, Jacques, Andrews-Johnson, Kelly

2004

Overview

Investment promotion agencies (IPAs) exist in almost all countries around the world, but there has been no global attempt to determine whether they have been able to significantly influence the investor’s decision to locate in one country rather than another. The Effectiveness of Promotion Agencies at Attracting Foreign Direct Investment is the first empirical study of the effectiveness of these agencies in attracting foreign direct investment (FDI). This study finds that promotion is unambiguously associated with greater FDI flows. The effectiveness of promotion, however, depends on:the quality of the investment climate, market size the level of development of the country the IPA’s budget and type of activities it carries outcommunication with the highest level of policymakers and support from the private sector.An important resource, The Effectiveness of Promotion Agencies at Attracting Foreign Direct Investment provides many lessons about how to carry out effective investment promotion.

• Publisher: World Bank,The World Bank,Washington, DC: World Bank,FIAS
• Subject: ADVERTISEMENTS / Auslandsinvestition / BENEFIT ANALYSIS / BUSINESS ENVIRONMENT / CHAMBERS OF COMMERCE / CONCEPTUAL FRAMEWORK / COST-BENEFIT ANALYSIS / CROSS-COUNTRY REGRESSIONS / DOMESTIC INVESTMENT / ECONOMIC DEVELOPMENT / ECONOMISTS / ELASTICITIES / EMPIRICAL ANALYSIS / EXPENDITURE PATTERNS / EXPENDITURES / FDI / FINANCIAL RESOURCES / FOREIGN DIRECT INVESTMENT / FOREIGN DIRECT INVESTMENTS / FOREIGN INVESTMENT / FOREIGN INVESTOR / FOREIGN INVESTORS / GNP / GROSS NATIONAL PRODUCT / HOST COUNTRY / HOST ECONOMY / INCOME / INCREASING RETURNS / INDUSTRIAL COUNTRIES / INDUSTRIAL DEVELOPMENT / Industrial promotion / INFLATION / INTERNATIONAL INVESTMENT / INTERNATIONAL STANDARDS / Investitionspolitik / INVESTMENT CLIMATE / INVESTMENT CLIMATES / INVESTMENT DECISIONS / INVESTMENT GUARANTEE AGENCY / INVESTMENT INCENTIVES / INVESTMENT LEADS / INVESTMENT PROMOTION / INVESTMENT PROMOTION AGENCIES / INVESTMENT PROMOTION AGENCY / INVESTMENT SERVICES / Investments, Foreign / INVESTOR CONFIDENCE / IPA / IPAS / LABOR COSTS / LEGAL STATUS / LOCAL FIRMS / LOCAL MARKET / MARKET FAILURE / MARKET SIZE / MEDIA / NATIONAL POLICIES / NATURAL RESOURCES / ORGANIZATIONAL STRUCTURE / POLICY FORMATION / POTENTIAL INVESTORS / PRIVATE INVESTMENT / PRIVATE SECTOR / PRIVATE SECTOR INVOLVEMENT / PRIVATE SECTOR PARTICIPATION / PROFESSIONAL STAFF / PROGRAMS / PROMOTIONAL STRATEGIES / PUBLIC SECTOR / RATE OF RETURN / REGIONAL AGREEMENT / SUBSIDIARY RIGHTS / SURVEYS / TAX INCENTIVES / TAXATION / TECHNICAL ASSISTANCE / TECHNOLOGY TRANSFERS / Welt
• ISBN: 9780821356067, 0821356062