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Title: DETERMINANTS OF FOREIGN DIRECT INVESTMENT INFLOW TO ODISHA: AN EMPIRICAL ANALYSIS
Authors: Anima Tirkey
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Anima Tirkey Assistant Professor of Economics, Government Women’s College, Balangir, Odisha, India.
MLA 8 Tirkey, Anima. "DETERMINANTS OF FOREIGN DIRECT INVESTMENT INFLOW TO ODISHA: AN EMPIRICAL ANALYSIS." Int. j. of Social Science and Economic Research, vol. 5, no. 7, July 2020, pp. 1843-1867, ijsser.org/more2020.php?id=127. Accessed July 2020. APA 6 Tirkey, A. (2020, July). DETERMINANTS OF FOREIGN DIRECT INVESTMENT INFLOW TO ODISHA: AN EMPIRICAL ANALYSIS. Int. j. of Social Science and Economic Research, 5(7), 1843-1867. Retrieved from ijsser.org/more2020.php?id=127 Chicago Tirkey, Anima. "DETERMINANTS OF FOREIGN DIRECT INVESTMENT INFLOW TO ODISHA: AN EMPIRICAL ANALYSIS." Int. j. of Social Science and Economic Research 5, no. 7 (July 2020), 1843-1867. Accessed July, 2020. ijsser.org/more2020.php?id=127.
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Abstract: This paper attempts to examine the important factors that determine Foreign Direct Investment (FDI) inflow to Odisha in India. Augmented Dickey Fuller (ADF) test is applied for stationarity test of variables for time series analysis to avoid spurious regression result. The study is based on secondary sources of data from Department of Industrial Policy and Promotion Govt. of India, Directorate of Industries Govt of Odisha, Economic Survey of Odisha and Annual Survey of Industries Govt. of Odisha. Augmented Dickey Fuller (ADF) test is applied for stationarity test of variables for time series analysis to avoid spurious regression result. Simple Ordinary Least Square (OLS) method is applied to analyse the determinants of FDI inflow to Odisha and found that huge availability of mineral reserve in the state has statistically significant impact on FDI inflow to Odisha whereas market size measured by Gross State Domestic Product (GSDP), availability of power, domestic investment measured by Gross capital formation and capital expenditure, and installed capacity of power have insignificant impact on FDI inflow to Odisha during the study period from 1994-95 to 2014-15.

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