Abstract
Due to the importance of foreign direct investment (FDI), scholars are always keen to explore FDI determinants and analysed their implications. Nevertheless scholars have proposed mixed viewpoints of FDI and interpreted its derminants differently, which does not contribute to the knowledge advancement and amalgamation of FDI literatures. The current research, therefore, aims to advance the knowledge of FDI determinants through a new investigation. Data are collected from the UNCTAD (1970-2014) and analysed by auto-regressive distrusted lag tests (ARDL). Findings indicate that the interest rate, external debt, oil rents, and GDP growth are all important determinants, possessing a long-run effect on FDI. Different from the literature, however, trade and exchange rate volatility are barely important to FDI. Research findings not only have brought valuable insights to the FDI literatures, but also guided the organisations and managers in FDI management.