The Role of Government in Attracting Private Investment in Sustainable Infrastructure Case of Foreign Direct Investment Inflows in Central Asia

This chapter analyzes foreign direct investment (FDI) inflow determinants in five Central Asian countries: Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan. This research uses data from 1998 to 2018 and applies ordinary least squares and two-stage least squares methodology t...

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Bibliographic Details
Published inUnlocking Private Investment in Sustainable Infrastructure in Asia Vol. 1; pp. 171 - 189
Main Authors Jung Lee, Keun, Ju Kim, Chul
Format Book Chapter
LanguageEnglish
Published Routledge 2023
Edition1
Subjects
Fiscal Freedom
Trade Openness
transition economy
Russian Federation
F21
F43
economic growth
UNCTAD Database
FDI Attractiveness
Affect FDI Inflow
PPP
Competition Index
PPP Project
Economic Freedom Index
Income Top Marginal Tax Rate
JEL E22
Glejser Test
Public Private Partnership
FDI Inflow
F14
Foreign Direct Investment (FDI)
Central Asia
Central Asian Countries
ANOVA Test
FDI Determinant
Kyrgyz Republic
High FDI Inflow
FDI Stock
OLS Result
Increase FDI Flow
FDI Flow
Average FDI Inflow
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Summary:This chapter analyzes foreign direct investment (FDI) inflow determinants in five Central Asian countries: Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan. This research uses data from 1998 to 2018 and applies ordinary least squares and two-stage least squares methodology to find the important FDI inflow variables, including gross domestic product growth rate, inflation rate, FDI stock, trade balance (export and import), fiscal freedom, economic freedom, total population, total employment, number of internet users, and trade balance of gross domestic product as the proxy measurements for economic conditions, reliability, FDI stock, exports, imports, fiscal freedom, economic freedom, market size, labor force, infrastructure, and trade openness. The results show that there are significant relationships between FDI inflows and FDI stock, export, inflation, and fiscal freedom for Kazakhstan, fiscal freedom in the case of Tajikistan, inflation in the case of Turkmenistan, and exports and imports in the case of Uzbekistan.
ISBN:1032133457
9781032133454
1032133465
9781032133461
DOI:10.4324/9781003228790-13