State fragility and foreign direct investment: The mediating roles of human flight and economic decline

Developing countries view foreign direct investment (FDI) as a vital contributor to economic growth by augmenting domestic capital and enhancing efficiency through transfer of new technology, marketing, and management skills. Even though the factors that influence FDI have been examined in the context of developing countries, the role of state fragility has been underexplored in the literature. Drawing on institutional theory, we develop...