Effect of domestic and foreign private investment on economic growth of Pakistan

Author(s):  
Malik Shahzad Shabbir ◽  
Misbah Bashir ◽  
Hina Munir Abbasi ◽  
Ghulam Yahya ◽  
Bilal Ahmed Abbasi
2017 ◽  
Vol 18 (3) ◽  
pp. 766-780 ◽  
Author(s):  
Kalpana Sahoo ◽  
Narayan Sethi

The present study empirically investigates the long-run causal relationship between foreign capital and economic development in India by using the annual time-series data from 1990–1991 to 2013–2014. The study uses some selected macroeconomic variables such as per capita government expenditure on education (PcGEE, as an indicator of economic development), gross domestic product (GDP, as an indicator of economic growth), gross capital formation (GCF, as an indicator of domestic investment), official development assistance (ODA, as an indicator of foreign official inflows) and foreign direct investment (FDI, as an indicator of foreign private investment) for its empirical analysis. By using the cointegration test and the vector vector-error correction model (VECM) technique, this study finds that in the long run, domestic investment has shown a significant and positive impact on economic development, whereas, ODA, FDI and GDP have shown a significant negative impact on it. It concludes that domestic investment, foreign capital along with economic growth have a significant impact on economic development in India in long run. It suggests that the national developmental policy of India should focus on the productive utilization of both domestic and foreign capital along with it should give emphasis on effective transformation of growth benefits towards development process.


2018 ◽  
Vol 10 (1-2) ◽  
pp. 1-17
Author(s):  
Onyinye I. Anthony-Orji ◽  
Anthony Orji ◽  
Jonathan E. Ogbuabor

The study estimated the impact of stock market development and foreign private investment on economic growth in Nigeria over the period of 1985–2016, using secondary data from various publications of the Central Bank of Nigeria. The ordinary least square (OLS) technique was employed in this study, while the Engel and Granger co-integration approach was applied to determine the long-run relationship between the variables. The result showed that market capitalisation, all share index and real exchange rate have statistically significant impact on economic growth, while foreign direct investment, trade openness and gross national savings have insignificant impact on growth. The study also showed that there is a long-run relationship among stock market development, foreign private investment and economic growth in Nigeria. The error correction model (ECM) results showed that the model adjusts to equilibrium in the short run and that about 51 per cent of the disequilibrium between gross domestic product and the independent variables is corrected each year. The study recommended that policymakers and monetary authorities should gear efforts towards formulating policies that will fine-tune stock market performance and reduce issues, such as, unpaid dividends, delay in dividend payments and unhealthy transfer of stocks. This is pertinent to encourage greater population of the citizenry to invest in the stock market. Finally, the study concluded that provision and improvement of infrastructure and power as well as enforcement of investor-friendly policies by the government is needed as these will encourage the establishment of more firms and industries that will participate in the stock market, thereby contributing to the growth of the economy. JEL Classification: E22, F21, F43, O16


Author(s):  
Muhammad Safdar Sial ◽  
Jacob Cherian ◽  
Susana Álvarez-Otero ◽  
Ubaldo Comite ◽  
Malik Shahzad Shabbir ◽  
...  

2021 ◽  
Vol 9 (1) ◽  
pp. 1956067
Author(s):  
Misbah Sadiq ◽  
Muhammad Usman ◽  
Aysha Zamir ◽  
Malik Shahzad Shabbir ◽  
Ankasha Arif

1978 ◽  
Vol 12 (4) ◽  
pp. 655-677 ◽  
Author(s):  
B. R. Tomlinson

Overseas investment by developed nations in the less industrialized economies of Asia, Africa and Latin America is an important part of modern international economic history. Such investment has long been recognized as a potent force in integrating the international economy. It has also been placed at the heart of most theories of the expansion of European empires in the nineteenth century and it is seen as a major part of the ‘neo-colonialism’ that is widely thought to have characterized the world economic and political structure since 1945. This article will examine private foreign investment in India in the first half of the twentieth century, spanning the gap between the ‘imperial’ and the ‘neo-colonial’ epochs.


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