The Empirical Analysis on the Action of Binhai New Area FDI for Economic Development Based on the Two Visions of Capital Accumulation and Exports Level

Abstract:In recent years, there have been major advances in the empirical analysis of the link between institutions and development. However, a number of methodological problems – both theoretical and empirical – remain unresolved and have been well articulated by Ha-Joon Chang in his article ‘Institutions and Economic Development: Theory, Policy and History’. These problems raise valid concerns about the policy relevance of the evidence arising from the studies. A more reliable approach to study the link between institutions and development and overcome the inherent problems of cross-country empirical analysis is to direct focus to microeconomic analysis of institutions. Such an approach avoids ideologically driven normative judgments about the superiority of particular institutional arrangements and also offers a more credible and tractable avenue to investigate institutional change.

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The Effect of Highway Toll Standard on Regional Economic Development—Based on the Empirical Analysis of the Provincial Panel Data in China from 2011 to 2017

CICTP 2020 ◽

10.1061/9780784482933.390 ◽

2020 ◽

Author(s):

Jianlong Li

Keyword(s):

Economic Development ◽

Panel Data ◽

Empirical Analysis ◽

Regional Economic Development ◽

Regional Economic ◽

The Empirical Analysis

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Entrepreneurial activities and models of advanced European science and technology universities

Management Decision ◽

10.1108/md-11-2018-1237 ◽

2019 ◽

Vol 57 (12) ◽

pp. 3447-3472 ◽

Cited By ~ 1

Author(s):

Riccardo Ricci ◽

Alessandra Colombelli ◽

Emilio Paolucci

Keyword(s):

Economic Development ◽

Best Practices ◽

Empirical Analysis ◽

Local Economic Development ◽

Entrepreneurial University ◽

Primary Data ◽

Content Type ◽

Qualitative Approaches ◽

Entrepreneurial Activities ◽

The Empirical Analysis

Purpose The purpose of this paper is threefold. It is aimed at identifying: a broad set of entrepreneurial activities; different university entrepreneurial models; and the entrepreneurial best practices of advanced European S&T universities. Design/methodology/approach The paper has adopted a mixed-method design. By mainly relying on primary data, collected through questionnaires and interviews with those in charge of the technology transfer offices of 20 universities belonging to the CESAER association, the empirical analysis has combined both quantitative and qualitative approaches. Findings The results of the empirical analysis have allowed five entrepreneurial activities to be identified. Three main entrepreneurial university models, based on different configurations of entrepreneurial activities, on different organisational and ecosystem characteristics and on a set of entrepreneurial best practices: an “engage” model, which focusses on local economic development; a “formal” model, which focusses on the financial advantage of universities and their faculties; and a “comprehensive” model, which focusses on the local economic development and the financial advantage of universities and their faculties. Research limitations/implications The first limitation of the present paper concerns the limited number of sampled universities. Moreover, this paper is limited to the European area. Future research could enlarge this study by increasing the number of universities and by focusing on other geographical areas. Furthermore, the paper does not assess the effectiveness of the identified entrepreneurial models in supporting entrepreneurship and local economic development. Further research could extend the present analysis and fill these gaps. Originality/value The paper contributes to the extant literature under many respects. First, it relies on original primary data. Moreover, it extends previous literature by encompassing the conventional distinction between formal and informal entrepreneurial activities. It also contributes to the emerging literature on entrepreneurial university models and the strategic approaches by identifying the different models of entrepreneurial universities in the European setting of S&T universities focusing on the role played by organisational and regional factors in affecting the adoption of a specific model by universities.

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Financial subordination and uneven financialization in 21st century Africa

Community Development Journal ◽

10.1093/cdj/bsaa047 ◽

2020 ◽

Author(s):

Ingrid Harvold Kvangraven ◽

Kai Koddenbrock ◽

Ndongo Samba Sylla

Keyword(s):

South Africa ◽

Empirical Analysis ◽

21St Century ◽

Capital Accumulation ◽

World Market ◽

African Continent ◽

Bretton Woods ◽

Capitalist World ◽

The Empirical Analysis

Abstract The financialization debate has not paid enough attention to the African continent. The continent’s populations and governments have found creative ways of dealing with the capitalist world market and political power relations since decolonization in the late 1950s. However, several forms of structural dependence and subordination persist. We ask in this article how the global process of financialization has unfolded across the continent and what it means for relations of dependence. We understand financialization as the global expansion of financial practices, and, in particular, the financial sector, that followed the end of the Bretton Woods era. We consider to what extent it has occurred at all in the four case study countries of Mauritius, Nigeria, Zambia, and South Africa. The empirical analysis of aggregate country data shows that financialization is, at best, an uneven and patchy process on the continent, not a general structural shift in the way capital accumulation is organized. Rather, where financialization occurred, it appears to have diversified the relations of dependence that states, corporations, and populations have found themselves in.

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An Empirical Analysis of China's Dualistic Economic Development: 1965–2009

Asian Economic Papers ◽

10.1162/asep_a_00108 ◽

2011 ◽

Vol 10 (3) ◽

pp. 1-29 ◽

Cited By ~ 14

Author(s):

Marco G. Ercolani ◽

Zheng Wei

Keyword(s):

Economic Growth ◽

Economic Development ◽

Empirical Analysis ◽

Significant Role ◽

Labor Migration ◽

Capital Accumulation ◽

Service Sector ◽

Development Theory ◽

Agricultural Labor ◽

Marginal Productivity

We analyze China's rapid economic development in the context of the dualistic development theory. Over the period 1965–2009, we find that China's economic growth is mainly attributable to the development of the non-agricultural (industrial and service) sector, driven by rapid labor migration and capital accumulation. We find that the sectoral reallocation of labor plays a significant role in promoting China's economic growth. Further, we find that the marginal productivity of agricultural labor stopped stagnating in 1978, which indicates that China entered quickly into phase two of economic development with the initiation of market reforms. Moreover, by 2009, the marginal productivity of labor has likely exceeded the institutional wage, as defined by the initially low average labor productivity, indicating that China may be now in the process of entering phase three of economic development.

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Market Risk Analysis of Energy in Vietnam

Risks ◽

10.3390/risks7040112 ◽

2019 ◽

Vol 7 (4) ◽

pp. 112 ◽

Cited By ~ 2

Author(s):

Ngoc Phu Tran ◽

Thang Cong Nguyen ◽

Duc Hong Vo ◽

Michael McAleer

Keyword(s):

At Risk ◽

Economic Development ◽

Empirical Evidence ◽

Empirical Analysis ◽

Value At Risk ◽

Oil And Gas ◽

Market Risk ◽

Conditional Value At Risk ◽

Key Industries ◽

The Empirical Analysis

The purpose of this paper is to evaluate and estimate market risk for the ten major industries in Vietnam. The focus of the empirical analysis is on the energy sector, which has been designated as one of the four key industries, together with services, food, and telecommunications, targeted for economic development by the Vietnam Government through to 2020. The oil and gas industry is a separate energy-related major industry, and it is evaluated separately from energy. The data set is from 2009 to 2017, which is decomposed into two distinct sub-periods after the Global Financial Crisis (GFC), namely the immediate post-GFC (2009–2011) period and the normal (2012–2017) period, in order to identify the behavior of market risk for Vietnam’s major industries. For the stock market in Vietnam, the website used in this paper provided complete and detailed data for each stock, as classified by industry. Two widely used approaches to measure and analyze risk are used in the empirical analysis, namely Value-at-Risk (VaR) and Conditional Value-at-Risk (CVaR). The empirical findings indicate that Energy and Pharmaceuticals are the least risky industries, whereas oil and gas and securities have the greatest risk. In general, there is strong empirical evidence that the four key industries display relatively low risk. For public policy, the Vietnam Government’s proactive emphasis on the targeted industries, including energy, to achieve sustainable economic growth and national economic development, seems to be working effectively. This paper presents striking empirical evidence that Vietnam’s industries have substantially improved their economic performance over the full sample, moving from relatively higher levels of market risk in the immediate post-GFC period to a lower risk environment in a normal period several years after the end of the calamitous GFC.

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The Impact of Export and Foreign Direct Investments on Macedonian GDP Growth - Empirical Analysis

European Scientific Journal ESJ ◽

10.19044/esj.2017.v13n25p276 ◽

2017 ◽

Vol 13 (25) ◽

pp. 276

Author(s):

Jeton Shaqiri

Keyword(s):

Economic Development ◽

Empirical Analysis ◽

Gdp Growth ◽

Foreign Direct Investments ◽

Trade Regime ◽

Private Sector Development ◽

Liberal Trade ◽

The Impact ◽

The Empirical Analysis

In this paper in chronological order is analyzed the Macedonia's economic development in general, considering that the country has a liberal trade regime which is characterized by simplicity and neutrality. R. of Macedonia should utilize this trade regime in direction of creating policies and conditions for promoting the private sector development and its possibilities for export that will contribute for greater macroeconomic development. The paper will have a detailed look to the overall economic development and the GDP growth, the components and the main factors influencing this growth, techniques and approaches of assessment of the economic system and its development. It will also analyze the role of exports and the foreign direct investments in Macedonian GDP growth. Numerous theoretical researches related to the role of exports and FDI in GDP growth, have shown a positive relationship between them. The data used in this paper were provided by the Statistical Office of Macedonia and the Macedonian Customs in different periods, while for the empirical analysis I have included the period from 2014-2015. Within the empirical analysis is applied a model of multiple linear regression, where is defined the dependent variable "GDP growth" as well as the independent variables: the growth of FDI and the growth of export.

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Foreign Aid—Blessing or Curse: Evidence from Pakistan

The Pakistan Development Review ◽

10.30541/v46i3pp.215-240 ◽

2007 ◽

Vol 46 (3) ◽

pp. 215-240 ◽

Cited By ~ 9

Author(s):

Muhammad Arshad Khan ◽

Ayaz Ahmed

Keyword(s):

Economic Growth ◽

Economic Development ◽

Foreign Direct Investment ◽

Foreign Aid ◽

Empirical Analysis ◽

Direct Investment ◽

Domestic Investment ◽

Socio Economic Development ◽

The Empirical Analysis

The role of foreign aid in promoting economic growth is a debatable issue and remains unsettled at both theoretical and empirical levels. Pakistan has received a substantial amount of foreign aid since its Independence in 1947 but little improvement has been observed in its socio-economic development. This study considers the question as to whether foreign aid is a blessing or a curse for Pakistan. The empirical analysis is based on the ARDL cointegration approach. We examine the aid-growth link at the aggregate and disaggregate levels for the period 1972-2006. The results show negative and insignificant effects of foreign aid on the growth at the aggregate as well at the disaggregate level. The findings further suggest that domestic investment, export growth, and inflows of foreign direct investment are important contributors in enhancing economic growth in Pakistan.

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Determinants Of Foreign Direct Investment: Taiwan, 1965 - 1993

Journal of Applied Business Research (JABR) ◽

10.19030/jabr.v17i2.2073 ◽

2011 ◽

Vol 17 (2) ◽

Author(s):

Yingshing Lin ◽

Michael Szenberg ◽

Thomas J. Webster

Keyword(s):

Foreign Direct Investment ◽

Interest Rates ◽

Empirical Analysis ◽

Foreign Exchange ◽

Capital Accumulation ◽

Direct Investment ◽

Underlying Structure ◽

The Individual ◽

Manufacturing Growth ◽

The Empirical Analysis

This study empirically investigates the relationship between changes in macroeconomic and microeconomic (firm-specific) determinants and changes in foreign direct investment made by Taiwanese firms.  The empirical analysis presented in this paper confirms that at the macroeconomic level of generality increases in Taiwanese foreign direct investment the period 1965-1993 resulted from rapid capital accumulation, which encouraged the development of capital-intensive industries, the accumulation of manufacturing intangible assets, and labor shortages.   At the level of the individual firm, the empirical analysis presented in this paper verifies that an appreciating foreign-exchange rate, higher export profits, wider differential economic growth  and international interest rates were important determinants in the decisions of firm management to invest overseas.  The analysis indicates that while changes in foreign-exchange rates and capital controls were important in affecting the volume of foreign direct investment changes in the underlying structure of the Taiwanese economy played a more significant role.  Specifically, Taiwanese manufacturing growth in previous decades developed specific industrial strengths, which enabled Taiwanese enterprises to exploit comparative advantages in production and management methods to compete effectively in international markets.

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An empirical study on the influencing factors of the stability of the coupling symbiosis network of industry-university-research

Journal of Computational Methods in Sciences and Engineering ◽

10.3233/jcm-215824 ◽

2021 ◽

pp. 1-12

Author(s):

Zhihong Zhu ◽

Yue Sun ◽

Dawei Xue ◽

Wenyan Liu

Keyword(s):

Economic Development ◽

Empirical Analysis ◽

Geographic Distance ◽

Geographical Location ◽

University Research ◽

Direct Impact ◽

Countermeasures And Suggestions ◽

The Stability ◽

Lock In ◽

The Empirical Analysis

This paper theoretically analyzed the influence of symbiosis intimacy, cultural coupling, betrayal cost, degree of lock-in, geographic distance, and economic development on the stability of the coupling symbiosis network of industry-university-research (IUR), and conducted empirical analysis. The study found that symbiosis intimacy, cultural coupling, betrayal cost, degree of lock-in, and economic development all play a role in promoting the stability of the coupling symbiosis network of IUR, while geographical location is related to the stability of the coupling symbiosis network of IUR, but does not have a direct impact. Based on the empirical analysis results, the countermeasures and suggestions to improve the stability of coupling symbiosis network of the IUR were proposed.

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