Asymmetric and Symmetric Link between Quality of Institutions and Sectorial Foreign Direct Investment Inflow in India: A Fresh Insight Using Simulated Dynamic ARDL Approach

This study explores the bicausality between institutional quality and FDI inflow both aggregated sector-wise, i.e., agricultural, manufacturing, tertiary sectors in Indian economy, by applying simulated autoregressive distributed lag (SARDL) dynamic new techniques, an extended variant of orthodox ARDL NARDL. The confirms that sectorial are enhanced adequate quality, similarly, promotes institutions. nexus is inspiration for India to compete with developed economies enhancing its quality. observes cointegration bidirectional causality FDI.