Abstract
This study focuses on examining the relations between ICT(Information & Communication Technology) and FDI(Foreign Direct Investment) inflow through 2SLS(Two-Stage Least Squares) analyzes. My research presents a more generalized result compared to previous studies by using a wide range of data sets from 1980 to 2010 for 199 countries. Furthermore, in order to supplement the possible endogeneity problem in setting variables in the panel analysis, this paper conducts 2SLS using the 15～24 age group as an instrument variable at the country level. The main results based on 2SLS analysis are as follows. All three variables set as ICT infrastructure exhibit a positive significant relationship with FDI inflow. Specifically, at the 5% significance level, the increasing numbers of fixed-broadband subscribers, internet users and mobile phone subscribers of 10% leads to 5.33%, 5.08%, 7.40% increase in FDI inflow, respectively.
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