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Ranking of Developing Countries Based on the Economic Freedom Index
[journal article]
Abstract In this paper we’ve ranked developing countries based on the Economic Freedom index. Therefore we are trying to do the analysis how this ranking is done using numerical taxonomic methodology. To do this, by estimating the effects of the determinants of FDI in 123 developing countries from 1997 to 20... view more
In this paper we’ve ranked developing countries based on the Economic Freedom index. Therefore we are trying to do the analysis how this ranking is done using numerical taxonomic methodology. To do this, by estimating the effects of the determinants of FDI in 123 developing countries from 1997 to 2010, results showed that with regard to the degree of economic freedom or Economic openness, attract foreign direct investment in each country is different. In this study china, Equator, Liberia, Azerbaijan, Angola, Turkmenistan, Cape Verde, Kazakhstan, Panama, Vietnam, Bulgaria, Congo, Maldives, Bahrain, Cambodia, Jordan, Malaysia, Mongolia, Sudan, Trinidad, Belarus, Lesotho, Russian are the top 23 countries have been successful in attracting foreign direct investment thanks to appropriate economic and structures policies.... view less
Keywords
developing country; economic development (on national level); economic policy; structural policy; direct investment; foreign investment
Classification
National Economy
Free Keywords
Economic Freedom; FDI; Numerical Taxonomy
Document language
English
Publication Year
2013
Page/Pages
p. 32-38
Journal
International Letters of Social and Humanistic Sciences (2013) 2
ISSN
2300-2697
Status
Published Version; peer reviewed