FDI and Trade Outcomes at the Industry Level : A Data-Driven Approach

This paper proposes a novel empirical methodology to reveal factors associated with foreign direct investment decisions and export success at the industry level. Faced with large amounts of policy and economic indicators, as well as significant pro...

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Main Authors: Maur, Jean-Christophe, Nedeljkovic, Milan, von Uexkull, Erik
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2022
Subjects:
Online Access:http://documents.worldbank.org/curated/undefined/310711642106825113/FDI-and-Trade-Outcomes-at-the-Industry-Level-A-Data-Driven-Approach
http://hdl.handle.net/10986/36847
id okr-10986-36847
recordtype oai_dc
spelling okr-10986-368472022-01-21T05:10:36Z FDI and Trade Outcomes at the Industry Level : A Data-Driven Approach Maur, Jean-Christophe Nedeljkovic, Milan von Uexkull, Erik TRADE INVESTMENT EXPORT COMPETITIVENESS DIMENSIONALITY REDUCTION MACHINE LEARNING This paper proposes a novel empirical methodology to reveal factors associated with foreign direct investment decisions and export success at the industry level. Faced with large amounts of policy and economic indicators, as well as significant product and sectoral diversity, the motivation of this research is twofold. First, it selects among the vast number of indicators and potential factors relevant to investment and trade outcomes a manageable subset of variables that can usefully guide the understanding of investment and trade outcomes. Second, it provides robust estimates of how these variables affect the probability at the margin of investment and trade outcomes at the sector level. Finally, the paper uses these estimates to produce new metrics (“scores”) of trade and investment climate performance at the country and sectoral levels. 2022-01-20T16:00:49Z 2022-01-20T16:00:49Z 2022-01 Working Paper http://documents.worldbank.org/curated/undefined/310711642106825113/FDI-and-Trade-Outcomes-at-the-Industry-Level-A-Data-Driven-Approach http://hdl.handle.net/10986/36847 English Policy Research Working Paper;No. 9901 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic TRADE
INVESTMENT
EXPORT COMPETITIVENESS
DIMENSIONALITY REDUCTION
MACHINE LEARNING
spellingShingle TRADE
INVESTMENT
EXPORT COMPETITIVENESS
DIMENSIONALITY REDUCTION
MACHINE LEARNING
Maur, Jean-Christophe
Nedeljkovic, Milan
von Uexkull, Erik
FDI and Trade Outcomes at the Industry Level : A Data-Driven Approach
relation Policy Research Working Paper;No. 9901
description This paper proposes a novel empirical methodology to reveal factors associated with foreign direct investment decisions and export success at the industry level. Faced with large amounts of policy and economic indicators, as well as significant product and sectoral diversity, the motivation of this research is twofold. First, it selects among the vast number of indicators and potential factors relevant to investment and trade outcomes a manageable subset of variables that can usefully guide the understanding of investment and trade outcomes. Second, it provides robust estimates of how these variables affect the probability at the margin of investment and trade outcomes at the sector level. Finally, the paper uses these estimates to produce new metrics (“scores”) of trade and investment climate performance at the country and sectoral levels.
format Working Paper
author Maur, Jean-Christophe
Nedeljkovic, Milan
von Uexkull, Erik
author_facet Maur, Jean-Christophe
Nedeljkovic, Milan
von Uexkull, Erik
author_sort Maur, Jean-Christophe
title FDI and Trade Outcomes at the Industry Level : A Data-Driven Approach
title_short FDI and Trade Outcomes at the Industry Level : A Data-Driven Approach
title_full FDI and Trade Outcomes at the Industry Level : A Data-Driven Approach
title_fullStr FDI and Trade Outcomes at the Industry Level : A Data-Driven Approach
title_full_unstemmed FDI and Trade Outcomes at the Industry Level : A Data-Driven Approach
title_sort fdi and trade outcomes at the industry level : a data-driven approach
publisher World Bank, Washington, DC
publishDate 2022
url http://documents.worldbank.org/curated/undefined/310711642106825113/FDI-and-Trade-Outcomes-at-the-Industry-Level-A-Data-Driven-Approach
http://hdl.handle.net/10986/36847
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