Model Uncertainty in Foreign Direct Investment: Greenfield versus Mergers and Acquisitions

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atmire.migration.oldid5567
dc.contributor.advisorBeaulieu, Eugene
dc.contributor.authorOdebunmi, Iyanuoluwa
dc.contributor.committeememberWhalley, Alexander
dc.contributor.committeememberTombe, Trevor
dc.date.accessioned2017-05-01T16:27:53Z
dc.date.available2017-05-01T16:27:53Z
dc.date.issued2017
dc.date.submitted2017en
dc.description.abstractForeign direct investment (FDI) is marked with model uncertainty due to different theories and conclusions as to what variables should be included in the model. Using two specifications; the global sample and developing countries, I utilize the Bayesian Model Averaging (BMA) technique to determine the robust variables. Since the FDI modes; Greenfield Investment (GFI) and Mergers \& Acquisitions (M\&A) have different impacts on the economy, the BMA method is used to tackle separately model uncertainty in the two modes. My findings show that some of the variables identified by previous literature as determinants of FDI are not robust. In examining the FDI modes, I show that they behave in different ways having only six determinants in common. This study provides a better understanding of the robust determinants of FDI and the different ways GFI and M\&A responds to policies.en_US
dc.identifier.citationOdebunmi, I. (2017). Model Uncertainty in Foreign Direct Investment: Greenfield versus Mergers and Acquisitions (Master's thesis, University of Calgary, Calgary, Canada). Retrieved from https://prism.ucalgary.ca. doi:10.11575/PRISM/26968en_US
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/26968
dc.identifier.urihttp://hdl.handle.net/11023/3774
dc.language.isoeng
dc.publisher.facultyGraduate Studies
dc.publisher.institutionUniversity of Calgaryen
dc.publisher.placeCalgaryen
dc.rightsUniversity of Calgary graduate students retain copyright ownership and moral rights for their thesis. You may use this material in any way that is permitted by the Copyright Act or through licensing that has been assigned to the document. For uses that are not allowable under copyright legislation or licensing, you are required to seek permission.
dc.subjectEconomics
dc.subject.otherForeign Direct Investment
dc.titleModel Uncertainty in Foreign Direct Investment: Greenfield versus Mergers and Acquisitions
dc.typemaster thesis
thesis.degree.disciplineEconomics
thesis.degree.grantorUniversity of Calgary
thesis.degree.nameMaster of Arts (MA)
ucalgary.item.requestcopytrue
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