ODREDNICE IZRAVNIH STRANIH ULAGANJA U IRANU: PRISTUP GRANICNIM TESTOVIMA

Foreign direct investment (FDI) is counted to be an important variable to increase capital for domestic investors and improvement of capital for- mation in host country so almost all countries want to attract FDI. This paper attempted to investigate the impact of openness, exchange rate and infrastructures on FDI in Iran using the bounds testing (ARDL) approach to co integration. The data span is from 1975 to 2007. The results indi- cated that when FDI is the dependent variable there is co integration. We found all variables have positive and signicant impact on Irans FDI in long-run and short-run, except openness that has no impact on.Izravna strana ulaganja (FDI) se smatraju vaznom varijablom za povecanje kapitala domacih investitora i poboljanja stvaranja kapitala u zemlji domacinu tako da gotovo sve zemlje zele privuci FDI. Ovaj rad je pokuao istraµziti utjecaj otvorenosti, teµcaja i infrastrukture na FDI u Iranu koristeci granicne testove (ARDL) u pristupu kointegraciji. Raspon podataka ide od 1975. do 2007. Rezultati ukazuju da postoji kointegracija kada je FDI zavisna varijabla. Za- kljuµcili smo da sve varijable imaju znaµcajan pozitivan efekt na FDI u Iranu kako dugoroµcno tako i kratkoroµcno, osim otvorenosti koja kratkoroµcno gledano nema nikakav utjecaj na FDI