AN EMPIRICAL INVESTIGATION IN ANALYZING THE FACTORS INFLUENCING ATTRACTING FOREIGN DIRECT INVESTMENTS IN THE DEVELOPMENT OF SMART CITIES

Abstract

This study area often entails a comprehensive investigation into the complex procedures that permit the influence of foreign direct investments (FDI) on the development of intelligent urban regions. When luring foreign investment to smart city initiatives, this empirical research aims to comprehensively analyze the complex aspects that play a significant role in the process. Several essential aspects, including the political atmosphere, the technological infrastructure, the regulatory frameworks, and the effectiveness of public-private partnerships, could be included in the investigations. This project aims to build links and find patterns across various contexts and geographical locations using a data-centric strategy. The objective is to provide vital information to legislators, urban planners, and investors. The inquiry has the potential to give governments and urban planners suggestions driven by data on how to enhance circumstances that attract foreign direct investment (FDI), which will thus aid in the implementation of innovative city programs and ensure their long-term viability. Through meticulous empirical analysis, this study aims to contribute to the expanding body of knowledge about the connection between foreign direct investments and the growth of smart cities. This will assist both public and private entities participating in this urban transformation effort in developing strategies that are informed by the information they have.

Keywords: Foreign direct investment, Macroeconomic stability, Long term profitability, Chi-square analysis