The effects of restrictive measures on cross‐border investment: Evidence from OECD and emerging countries

This paper investigates the effects of global and sectoral restrictive measures on cross-border FDI among 49 advanced emerging countries. We use a gravity model with panel data from 2010 to 2019 Restrictiveness Index OECD that quantifies level restriction in FDI. Our results suggest do not significantly affect countries, while restrictions service sector have negative significant Moreover, overall those primary, secondary sectors negatively impact inward big The primary are main obstacle In addition, effect between African analysis disaggregated shows business other financial services associated intra-OECD also find manufacturing impacts large mining, quarrying oil extraction hinder Reforms liberalise by country positive FDI, but deregulation has beneficial