عوامل تعیین کننده سرمایه گذاری مستقیم خارجی در انرژی باد در کشورهای در حال توسعه

The results show that renewable energy support policies have equivalent or greater effect compared to the widely accepted determinants such as corruption level, price stability, access to finance, and GDP growth. The paper demonstrates the importance of analysing determinants of foreign direct investment focusing on a specific sector rather than looking at overall foreign direct investment. The paper also provides important policy implications including the need to improve the regulatory aspect of renewable energy sector such as access to grid infrastructure in order to attract foreign direct investment into the sector.