Determinants of Foreign Direct Investment During Economic Transition in Mongolia

Oyunbadam Davaakhuu, Kishor Sharma, Yapa M W Y Bandara

Research output: Contribution to journalArticlepeer-review


This paper investigates the trends, patterns and determinants of foreign investment in Mongolia using a panel data set of 17 countries over 21 years. The empirical evidence suggest market growth rate, quality of infrastructure, geographic proximity and the Chinese economic boom are the important determinants of foreign direct investment in Mongolia. In terms of policy implications, our findings suggest that Mongolia can attract much needed technology and capital for ensuring employment-intensive growth, particularly in manufacturing and agriculture, through further reforms with a heavy focus on infrastructure development.
Original languageEnglish
Pages (from-to)138-158
Number of pages21
JournalAustralasian Journal of Regional Studies
Issue number1
Publication statusPublished - 2015
Externally publishedYes


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