The Impact of Tax on Foreign Direct Investment: Empirical Evidence and the Implications for Tax Integration Schemes

1996 ◽  
pp. 81-102
Author(s):  
Michael P. Devereux ◽  
Harold Freeman
Keyword(s):  
Foreign Direct Investment ◽  
Empirical Evidence ◽  
Direct Investment ◽  
Integration Schemes ◽  
The Impact

scholarly journals The impact of financial sector reforms on foreign direct investment in an emerging economy: empirical evidence from Ghana

2020 ◽  
Vol 2 (4) ◽  
pp. 271-284
Author(s):  
Kofi Kamasa ◽  
Isaac Mochiah ◽  
Andrews Kingsley Doku ◽  
Priscilla Forson
Keyword(s):  
Foreign Direct Investment ◽  
Empirical Evidence ◽  
Direct Investment ◽  
Least Squares Method ◽  
Financial Sector ◽  
Ordinary Least Squares ◽  
Sector Reform ◽  
Content Type ◽  
Financial Sector Reform ◽  
The Impact

Purpose This paper aims to empirically investigate the impact that financial sector reforms have on foreign direct investment (FDI) in Ghana. Design/methodology/approach Composite financial sector reform index was constructed, which was made up of various forms of reform policies that were implemented from 1987 to 2016. The auto regressive distributed lag bounds test was used to establish cointegration between variables. Having controlled for other covariates that affect FDI such as trade openness, exchange rate, gross domestic product per capita, inflation and by using the fully modified ordinary least squares method, the estimations are robust as it uses a semi-parametric correction to avoid for any possible issues of endogeneity and serial correlation. Findings Results from the paper reveal that financial sector reform deepening boost FDI with a 2.167% increase in FDI following from a unit percentage improvement of the financial sector reforms. Considering the various categories of reforms, the results reveal that competitive reforms have the highest impact on FDI followed by privatization reforms with positive and significant elasticity coefficients of 2.174% and 0.726%, respectively. Behavioral reforms revealed a positive effect on FDI, albeit insignificant. Originality/value The paper contributes to policy by providing empirical evidence on the effect of financial sector reform on FDI inflows in Ghana. As far as the review of literature is concerned, this paper provides the foremost empirical evidence on the subject with sole emphasis on Ghana. Thus, this paper suggests the deepening of the financial sector reforms, improving competition and maintaining macroeconomic stability.

scholarly journals Impact of Telecommunication Infrastructure, Market Size, Trade Openness and Labor Force on Foreign Direct Investment in ASEAN

2017 ◽  
Vol 2 (2) ◽  
pp. 17 ◽  
Author(s):  
Anis Wahyu Meidayati
Keyword(s):  
Foreign Direct Investment ◽  
Labor Force ◽  
Empirical Evidence ◽  
International Economics ◽  
Direct Investment ◽  
Trade Openness ◽  
Market Size ◽  
Telecommunication Infrastructure ◽  
Asean Countries ◽  
The Impact

AbstractForeign Direct Investment (FDI) in recent years has created a positive impact for ASEAN countries. FDI give spillover effects that directly contribute capital improvements, technological developments, and global market access, also skills and managerial transfers. In order to attract FDI inflow into country, ASEAN member countries need to know what factors which attract investment related to the needs of infrastructure types and other factors. The purpose of this study is examine the determinant of FDI in ASEAN countries. This research method used is panel data regression period 2005-2015 from 10 countries in ASEAN. The results showed simultaneously and partially telecommunication infrastructure, market size, trade openness, and labor force variable have significant relationship with FDI inflows in ASEAN countries.Keywords: panel data regression, telecommunication infrastructure, market size, trade openness, labor force, FDI.ReferencesAppleyard, DR. Field, JF. and Cobb, SL. 2008. International Economics. New York: McGraw-Hill.Azam, Muhammad. 2010. “Economic Determinants of Foreign Direct Investment in Armenia, Kyrgyz Republic and Turkmenistan: Theory and Evidence”, Eurasian Journal of Business and Economics. 3 (6), 27-40.Botric, Valerija. 2006. “Main Determinants of Foreign Direct Investment in the Southeast European Countries”, Transition Studies Review. Vol. 13(2): 359–377.Calderon, C., and Serven, L., 2010. “Infrastructure and Economic Development in Sub-Saharan Africa”, Journal of African Economies. Vol.19(4): 13-87.Carbaugh, Robert J. 2008. International Economics. Edisi Kedelapan. South Western: Thomson Learning.Chakrabarti, A. 2001. “The Determinant of Foreign Direct Investment: Sensivity Analysses of Cross-Country Regression”, International Symposium on Sustainable Development. Vol 54 (1):89-114.Demirhan, E., & Masca, M. 2008. Determinants of Foreign Direct Investment Flows. Prague Economic Papers.Dutt, Pushan, et all. 2007. “International trade and unemployment: Theory and cross-national evidence”, Journal of International Economics. Volume 78(1): 32-44.Gharaibeh, A. M. 2015. “The Determinants of Foreign Direct Investment-Empirical Evidence from Bahrain”, International Journal of Business and Social Science. Vol. 6(8): 94-106.Grigg, N. 2000. Infrastructure System Management & Optimazation. Working Paper of Internasional Civil Engineering Departement Diponegoro University.Hirsch, Caitlin E. 1976. Macroeconomics, Politics and Policy: The Determinants of Capital Flows to Latin America. Texas Tech University.Hymer, Stephen Herbert. 1976. The International Operations of National Firms: A Study of Direct Foreign Investment (MIT Press, Cambridge, MA), MIT Department of Economics PhD thesis originally presented 1960.Kaliappan, Shivee Ranjanee et all. 2013. “Foreign Direct Investments (FDI) and Economic Growth: Empirical Evidence from Southern Africa Customs Union (SACU) Countries”, International Journal of Economics and Management. Vol 7(1): 136 – 149.Kurniati, Y., A. et al. 2007. Determinan FDI (Faktor-faktor yang Menentukan Investasi Asing Langsung). Jakarta: Bank Indonesia.Mughal, M.M., & Akram, M. 2011. “Does Market Size Affect FDI? The Case of Pakistan”, Interdisciplinary Journal of Contemporary Research in Business. Vol. 2(9): 237-247.Nasir, S. 2016. “FDI in India’s Retail Sector: Opportunities and Challenges”, Middle-East Journal of Scientific Research. Vol: 23(3): 155-125.Novianti, Tanti et all. 2014. “The Infrastructure’s Influence on the Asean Countries’ Economic Growth”, Journal of Economics and Development Studies. Vol. 2(4):243-254.Rehman, C. A., Ilyas, M., Alam, H. M., & Akram. M., (2011). “The impact of Infrastructure on Foreign Direct Investment: The case of Pakistan”, International Journal of Business and Management. Vol.6(5): 184-197.Salvatore, D. 2007. International Economics. United States: John Wiley & Sons, Inc.Sarna, Ritash. 2005. The impact of core labour standards on Foreign Direct Investment in East Asia. Working Paper of the Japan Institute No. 1789.Shah, Mumtaz Hussain. 2014. The Significance of Infrastructure for Fdi Inflow in Developing Countries. Journal of Life Economics. Vol. 3(5):1-16.Shah, Mumtaz Hussain., and Khan, Yahya. 2016. Trade Liberalisation and FDI Inflow in Emerging Economies. Business & Economic Review. Vol 2(1): 35-52.Todaro, Michael P. and Smith, Stephen C. 2011. Economic Development. Ninth Edition. United States: Addison Wesley.Umoru, D. & Yaqub, J.O. 2013. “Labour productivity and Human capital in Nigeria: The empirical evidence”, International Journal of Humanities and Social Sciences. Vol. 3(4). 199-221.Vernon, R. (1966). “The product cycle hypothesis in a new international environment”, Oxford bulletin of economics and statistics. Vol 41(4), 255-267.World Bank. 2015. World Development Indicator 2015.Zeb, Nayyra et all. 2015. “Telecommunication Infrastructure and Foreign Direct Investment in Pakistan: An Empirical Study”, Global Journal of Management and Business Research. Vol. 14(4): 117-128.

ANALISIS DETERMINAN KUALITAS LINGKUNGAN PERIODE 1999-2013

2016 ◽  
Vol 21 (1) ◽  
pp. 9-20
Author(s):  
Ersalina Tang
Keyword(s):  
Foreign Direct Investment ◽  
Energy Consumption ◽  
Gross Domestic Product ◽  
Co2 Emissions ◽  
Direct Investment ◽  
Meat Consumption ◽  
Domestic Product ◽  
World Data ◽  
The World ◽  
The Impact

The purpose of this study is to analyze the impact of Foreign Direct Investment, Gross Domestic Product, Energy Consumption, Electric Consumption, and Meat Consumption on CO2 emissions of 41 countries in the world using panel data from 1999 to 2013. After analyzing 41 countries in the world data, furthermore 17 countries in Asia was analyzed with the same period. This study utilized quantitative approach with Ordinary Least Square (OLS) regression method. The results of 41 countries in the world data indicates that Foreign Direct Investment, Gross Domestic Product, Energy Consumption, and Meat Consumption significantlyaffect Environmental Qualities which measured by CO2 emissions. Whilst the results of 17 countries in Asia data implies that Foreign Direct Investment, Energy Consumption, and Electric Consumption significantlyaffect Environmental Qualities. However, Gross Domestic Product and Meat Consumption does not affect Environmental Qualities.

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