Foreign Direct Investment in South Asia

1. Overview.- 2. South Asia: A Macro Overview.- 3. Foreign Direct Investment Policy in South Asia.- 4. Foreign Direct Investment Inflows into South Asia FGD.- 5. FDI in China: A comparative Perspective with India.- 6. Determinants of FDI in South Asia.- 7. FDI and Economic Growth in South Asia.- 8. Impact of Foreign Direct Investment and Domestic Investment in South Asia: Time series and Panel Evidence.- 9. Impact of Foreign Direct Investment on domestic Exports: Time series and Panel Evidence from South Asia.- 10. FDI Reforms in South Asia: Unfinished Agenda, Future Reforms and Challenges.-References.

Dr. Pravakar Sahoo is an Associate Professor at the Institute of Economic Growth (IEG), Delhi University, India. Earlier he served in a Senior Fellow position at the Indian Council for Research on International Economic Relations (ICRIER). He teaches macroeconomics to high-level government officials and policy makers like Indian economic service and Indian statistical service officers. He has published more than 50 research papers in refereed international and national journals on issues related to Macroeconomics, Development Economics, International Trade & investment, Regional Cooperation, Infrastructure and FDI. Dr. Sahoo has wide international exposure and has served as consultant to several international and national organizations including the Government of India. Dr. Geethanjali Nataraj is a Professor and Senior Fellow at the Observer Research Foundation, New Delhi. Before joining the ORF, she was a Director at the Federation of Indian Chambers of Commerce and Industry (FICCI) heading the Defence and Capital Goods sector along with providing inputs to the FICCI's international division on China and Japan. Prior to joining the FICCI, Dr. Nataraj was a Senior Economist at the National Council of Applied Economic Research (NCAER) in New Delhi, India. From 2001 to 2006 she was a faculty member at the Indian Institute of Foreign Trade, New Delhi. She has held visiting faculty/researcher positions at the Institute of Finance Management, Tanzania; Foreign Trade Training Centre, Egypt; ADBI, Tokyo; and the Policy Research Institute, Ministry of Finance, Japan. She has prepared numerous policy relevant research studies for different ministries of the Government of India and other national and international organizations. She has published more than 30 research papers in reputed refereed journals in and outside India. Dr. Ranjan Kumar Dash is a Fellow at the Indian Council for Research on International Economic Relations (ICRIER). He received his Ph.D. in Financial

"The volume represents a novel attempt to capture the FDI policy environment in South Asia instead of the run of the mill individual country based treatment of the issue. It is based on rigorous empirical research and draws out some very relevant policy recommendations." - Rajiv Kumar, Senior Fellow, Center of Policy Research and Ex-Secretary-General, FICCI. "This book explores comprehensively the macroeconomic determinants and impacts of FDI on South Asia countries. It is a required reading for those interested in this important issue and in designing suitable policy recommendations" - Pravin Krishna, Chung Ju Yung Distinguished Professor of International Economics and Business, John Hopkins, DC, USA "This timely book provides a comprehensive analysis of the determinants of FDI flows to India, a country that continues to lag its competitors in this area, and provides sensible policy prescriptions." -Jayant Menon, Lead Economist, Asian Development Bank "The book provides very comprehensive empirical studies of the FDI regimes prevailed in the continent with some comparative analysis on other emerging countries, especially China, and addresses some challenging policy issues..." - Choong Yong Ahn, Distinguished Professor, Chung-Ang University, Seoul, South Korea. "... while carrying out the empirical analyses, they have used appropriate advanced estimation techniques..." Kaliappa Kalirajan, Crawford School of Public Policy, ANU, Canberra and Adjunct Professor, Madras School of Economics, Chennai, India.

"The volume represents a novel attempt to capture the FDI policy environment in South Asia instead of the run of the mill individual country based treatment of the issue. It is based on rigorous empirical research and draws out some very relevant policy recommendations."

- Rajiv Kumar, Senior Fellow, Center of Policy Research and Ex-Secretary-General, FICCI.

"This book explores comprehensively the macroeconomic determinants and impacts of FDI on South Asia countries. It is a required reading for those interested in this important issue and in designing suitable policy recommendations"

- Pravin Krishna, Chung Ju Yung Distinguished Professor of International Economics and Business, John Hopkins, DC, USA

"This timely book provides a comprehensive analysis of the determinants of FDI flows to India, a country that continues to lag its competitors in this area, and provides sensible policy prescriptions."

-Jayant Menon, Lead Economist, Asian Development Bank

"The book provides very comprehensive empirical studies of the FDI regimes prevailed in the continent with some comparative analysis on other emerging countries, especially China, and addresses some challenging policy issues..."

- Choong Yong Ahn, Distinguished Professor, Chung-Ang University, Seoul, South Korea.

"... while carrying out the empirical analyses, they have used appropriate advanced estimation techniques..." Kaliappa Kalirajan, Crawford School of Public Policy, ANU, Canberra and Adjunct Professor, Madras School of Economics, Chennai, India.