@article{KhanJaffur:333443,
      recid = {333443},
      author = {Khan Jaffur, Zameelah and Seetanah, Boopen and  Tandrayen-Ragoobur, Verena and Fauzel, Sheereen and  Teeroovengadum, Viraiyan},
      title = {Impact of the Global COVID-19 Pandemic on FDI: Evidence  from a Small Open Economy},
      address = {2022},
      pages = {16},
      year = {2022},
      note = {Presented at the 25th Annual Conference on Global Economic  Analysis (Virtual Conference)},
      abstract = {This study sets out to empirically examine the effect of  the outbreak of the global COVID-19 pandemic on the foreign  direct investment flows of a small open economy, Mauritius.  A preliminary analysis of the monthly gross direct  investment flows data clearly shows that in general, the  series departed from their original trends after the  outbreak of the pandemic. As such, we employ the newly  developed Bayesian structural time series (BSTS) framework  for causal analysis to determine the initial impact of the  pandemic on the gross direct investment flows of the  country. The results indicate that the outbreak of the  pandemic negatively affected investments coming from South  Africa, Switzerland, Belgium, China and Reunion and those  in the “Real Estate Activities” sector. Surprisingly, a  considerable increase was observed for the “Manufacturing”  sector. Our findings also reveal that in the long run,  gross direct investment flows from some countries and in  some sectors will surely be influenced by the pandemic  although this was not obvious at the time of the  investigation. However, this will be highly dependent upon  the measures taken by the country and worldwide to contain  the spread of the pandemic.},
      url = {http://ageconsearch.umn.edu/record/333443},
}