{"title":"The Nexus Between De-Globalization and OFDI From Emerging Economies: Moderating Roles of Institution and Government","authors":"Jinjuan Yang, Yan Zeng, Rui Li","doi":"10.1002/mde.4415","DOIUrl":null,"url":null,"abstract":"<div>\n \n <p>The recent wave of de-globalization has slowed the outward foreign direct investment (OFDI) process globally, with varying effects across countries. Using panel data from 25 emerging economies between 1980 and 2018, we examine the impact of de-globalization on OFDI. Our findings show that higher de-globalization pressure from developed countries drives emerging economies to invest more globally. Threshold regressions reveal that this positive effect is significant only when a minimum GDP threshold is met. Moreover, better institutional quality and increased government involvement strengthen the positive impact of de-globalization on OFDI.</p>\n </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 2","pages":"980-998"},"PeriodicalIF":2.7000,"publicationDate":"2024-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Managerial and Decision Economics","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/mde.4415","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
The recent wave of de-globalization has slowed the outward foreign direct investment (OFDI) process globally, with varying effects across countries. Using panel data from 25 emerging economies between 1980 and 2018, we examine the impact of de-globalization on OFDI. Our findings show that higher de-globalization pressure from developed countries drives emerging economies to invest more globally. Threshold regressions reveal that this positive effect is significant only when a minimum GDP threshold is met. Moreover, better institutional quality and increased government involvement strengthen the positive impact of de-globalization on OFDI.
期刊介绍：
Managerial and Decision Economics will publish articles applying economic reasoning to managerial decision-making and management strategy.Management strategy concerns practical decisions that managers face about how to compete, how to succeed, and how to organize to achieve their goals. Economic thinking and analysis provides a critical foundation for strategic decision-making across a variety of dimensions. For example, economic insights may help in determining which activities to outsource and which to perfom internally. They can help unravel questions regarding what drives performance differences among firms and what allows these differences to persist. They can contribute to an appreciation of how industries, organizations, and capabilities evolve.
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