*Associate Professor, (Research Scholar) Narayan Zantye College Of Commerce, Post Industrial Estate, Vathadev, Sarvan, Bicholim – Goa
**Associate Professor and Director, Research Centre Narayan Zantye College Of Commerce, Post Industrial Estate, Vathadev, Sarvan, Bicholim – Goa
Online published on 14 December, 2017.
This study explores the trends of individual and aggregate FDI inflows in BRICS countries using annual dataset for the period 1991 to 2015. The study further examines the determinants of FDI inflows in Brazil, Russia, India, China and South Africa i.e. BRICS countries using annual dataset for the period of 22 years i.e. 1991 to 2012. The study employs pooled OLS model and Fixed Effect model on panel data set. The result shows that Economic Growth, Economic stability, Natural Resources, Exchange Rate, Market size, Total Reserves and National Income are the potential determinants of FDI inflows in BRICS where as Trade openness, Gross Capital Formation and Infrastructure facilities are insignificant determinants.
BRICS, Determinants, Foreign Direct Investment, Panel Data
