An Investigation of the Succes of Investment Promotion Agencies For Attracting Foreign Direct Investment Using Gravity Model

The competition about receiving foreign direct investment (fdi) towards countries has increased with the concentration of the globalization. this is the most important reasons for the increase in fdi competition, they provide one of the positive contributions that host countries. nowadays, investment promotion agency (ipa) has been established to catch more fdi in many countries. these agencies give institutional help to foreign investors and all kinds of problems faced by the country on hand to advise. the aim of this study is to estimate the effects of ipa’s on fdi’s by employing unbalanced panel gravity model and than study the diversity of the existing literature reveals that this feature. these results will be used to assess the success of ipa’s toward their main goals.