Abstract

Understanding the determinants of Greenfield FDI inflows has been a subject of intense empirical enquiry in the extant literature. Despite the proliferation of studies, one of the missing ingredients from the existing literature has been its inability to examine closely the evolution of multinational firms’ motives attached to undertaking Greenfield FDI inflows, especially in Asia. Exploiting a unique proprietary database on Greenfield FDI projects, we systematically examine the evolution of firms’ motives attached to Greenfield investments in the region over the last two decades and offer several practical recommendations for policymakers looking to attract Greenfield FDI into specific sectors.

摘要

了解绿地 FDI 流入的决定因素一直是现有文献中大量实证研究的主题。尽管研究激增，但现有文献中缺失的一个因素是无法仔细研究跨国公司进行绿地 FDI 流入的动机的演变，尤其是在亚洲。我们利用有关绿地 FDI 项目的独特专有数据库，系统地研究了过去 20 年该地区企业与绿地投资相关的动机的演变，并为希望将绿地 FDI 吸引到特定部门的政策制定者提供了几项实用建议。