The effect of FDI on domestic investment and economic growth case of three Maghreb countries

2019 ◽  
Vol 61 (1) ◽  
pp. 91-105 ◽  
Author(s):  
Walid Ali ◽  
Ali Mna
Keyword(s):  
Economic Growth ◽  
World Bank ◽  
Design Methodology ◽  
Domestic Investment ◽  
Content Type ◽  
The World Bank ◽  
Endogenous Variables ◽  
The Interest Rate ◽  
Investment Growth

PurposeThe purpose of this study is to show how foreign direct investment (FDI) affects domestic investment and economic growth. This study empirically examines this question in the case of three developing countries (Tunisia, Algeria and Morocco).Design/methodology/approachUsing the GMM estimator technique, the authors constructed a system with simultaneous equations by three endogenous variables: economic growth (GDP), FDI and domestic investment (DI).FindingsThe study was a nuance, its results, at the role of investment–growth relationship, are of paramount importance though subtle and slightly different.Originality/valueThe authors used data from international institutions such as the IMF, UNCTAD, OECD and the World Bank for macroeconomic aggregates. However, the interest rate variables are derived from the central banks of the three countries in the sample. The analysis covers the period from 1980 to 2014.

Financial access and economic development: the moderating role of financial consumer protection

2019 ◽  
Vol 15 (4) ◽  
pp. 406-424 ◽  
Author(s):  
Maryam Kriese ◽  
Joshua Yindenaba Abor ◽  
Elikplimi Agbloyor
Keyword(s):  
Economic Development ◽  
World Bank ◽  
Financial Literacy ◽  
Compliance Monitoring ◽  
Financial Access ◽  
Policy Makers ◽  
Content Type ◽  
The World Bank ◽  
Moderating Role

Purpose The purpose of this paper is to examine the moderating role of financial consumer protection (FCP) in the access–development nexus. Design/methodology/approach The study is based on cross-country data on 102 countries surveyed in the World Bank Global Survey on FCP and Financial Literacy (2013). The White heteroscedasticity adjusted regressions and Two-stage least squares regressions (2SLS) are used for the estimation. Findings Interactions between FCP regulations that foster fair treatment, disclosure, dispute resolution and recourse and financial access have positive net effects on economic development. However, there is no sufficient evidence to suggest that interactions between financial access and enforcement and compliance monitoring regulations have a significant effect on economic development. Practical implications First, policy makers should continue with efforts aimed at instituting FCP regimes as part of strategies aimed at broadening access to financial services for enhanced economic development. Second, instituting FCP regimes per se may not be enough. Policy makers need to consider possible intervening factors such as the provision of adequate resources and supervisory authority, for compliance monitoring and enforcement to achieve the expected positive effect on economic development. Originality/value This study extends evidence in the law–finance–growth literature by providing empirical evidence on the effect of legal institution specific to the protection of retail financial consumers on the access–development nexus using a nouvel data set, the World Bank Global survey on FCP and Financial Literacy (2013).

scholarly journals Mapping the Moderating Role of Logistics Performance of Logistics Infrastructure on Economic Growth in Developing Countries

Economies ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 177
Author(s):  
Zunaira Khadim ◽  
Irem Batool ◽  
Ahsan Akbar ◽  
Petra Poulova ◽  
Minahs Akbar
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
World Bank ◽  
Developing Economies ◽  
Data Set ◽  
The World Bank ◽  
Efficient Performance ◽  
Moderator Role ◽  
Moderating Role

Logistics performance is an important determinant of economic growth. The present study investigates the moderating role of logistics performance of the logistic infrastructure on economic growth in developing countries. We employ the World Bank computed LPI index in the year 2010, 2012, 2014, 2016 and 2018 to measure the logistic performance. The current research includes the 50 developing economies, and a panel data set comprising of total 300 observations is collected. The study used the conventional Cobb–Douglas production function with labor, capital stock as main drivers of economic growth. The study found that the labor and capital endowments have significantly different impacts in terms of elasticity coefficients for developing countries with different logistics performance levels. It implies that logistics performance, i.e., the efficient performance of logistic infrastructure, plays a moderator role in economic growth in developing economies.

Prospects for Central Asia in 2016

2015 ◽  
Keyword(s):  
Economic Growth ◽  
Central Asia ◽  
World Bank ◽  
Islamic State ◽  
Content Type ◽  
The World Bank ◽  
Central Asian ◽  
The World ◽  
State Group ◽  
The Imf

Subject Prospects for Central Asia in 2016. Significance In October, both the World Bank and the IMF downgraded Central Asia's economic growth outlook for 2016. The previous month, Kyrgyzstan and Tajikistan had signalled the rising influence of extremist organisations, first and foremost the Islamic State group (ISG) across the region. Central Asian regimes are faced with a multitude of risks, including political destabilisation.

scholarly journals Geographies of African corruption

2017 ◽  
Vol 1 (1) ◽  
pp. 20-38 ◽  
Author(s):  
Barney Warf
Keyword(s):  
Economic Growth ◽  
Political Culture ◽  
Design Methodology ◽  
Bright Spot ◽  
African Continent ◽  
Content Type ◽  
Transparency International ◽  
The Media ◽  
Per Capita

Purpose The purpose of this paper is to study the uneven geographies of corruption on the African continent. Corruption is an entrenched part of African political culture. However, the degree and impacts of corruption vary widely across the continent, ranging from failed states such as Somalia to the region’s bright spot Botswana. This paper first defines corruption and discusses its causes and effects. It then delves into the specifics of African corruption, including its causes and effects such as patrimonial political cultures, clientelism and the role of natural resource exports. Design/methodology/approach The study uses data from Transparency International to assess African corruption empirically and geographically, and links its levels of severity using correlations to gross domestic product per capita, literacy, income inequality and freedom of the media. Findings The major findings are that while the vast majority of the continent’s one billion people live under very corrupt regimes, the impacts of corruption on economic growth are questionable. Few geographic studies of corruption exist. Originality/value The paper’s novelty stems in part from being the first to explore African corruption from a spatial perspective, illustrating its widely varying contexts and consequences.

Combating corruption in Cambodia

2016 ◽  
Vol 5 (2) ◽  
pp. 159-174 ◽  
Author(s):  
Sophal Ear
Keyword(s):  
World Bank ◽  
Critical Analysis ◽  
Design Methodology ◽  
Policy Recommendations ◽  
Political Will ◽  
Content Type ◽  
Transparency International ◽  
Policy Context ◽  
The World Bank ◽  
The World

Purpose – The purpose of this paper is to provide a critical analysis and survey of Cambodia’s recent efforts to combat corruption. It explores the policy context, perceived extent of corruption, causes of corruption, anti-corruption measures, evaluates those anti-corruption measures, and provides policy recommendations. Design/methodology/approach – This paper reviews the literature on corruption and anti-corruption efforts in Cambodia. It relies on available data from the World Bank and Transparency International, and compares these data over time. Findings – The paper shows that corruption in Cambodia is pervasive and that anti-corruption efforts are limited because of a lack of political will. Existing anti-corruption measures designed with loopholes must be amended, but implementation remains the primary challenge. Originality/value – This paper contributes to the limited literature on combating corruption in Cambodia.

scholarly journals «Green» economy and the role of public-private partnership in financial support of its development

2020 ◽  
Vol 7 (4) ◽  
Author(s):  
Lyudmila Tolstolesova
Keyword(s):  
Economic Growth ◽  
World Bank ◽  
Financial Support ◽  
Environmentally Friendly ◽  
Public Private Partnership ◽  
Green Economy ◽  
Private Partnership ◽  
The World Bank ◽  
The World

The article considers the role of public-private partnership in the development of the «green» economy. The author reveals the concept of «green» economy, justifies the importance of introducing «green» technologies that allow to move from a wasteful economic model to an environmentally friendly one. The main idea of the concept of «green» growth, which implies sustainable development without irreversible destruction of natural resources, is reflected. The author highlights the main directions of development of the «green» economy, which are widespread in most countries, including Russia. The expediency of using the mechanism of public-private partnership in the transition to the «green» economy model is justified. The problems of implementing environmental projects are highlighted, primarily due to insufficient financial resources, both from the state and private business. It was revealed that cooperation between the state and the private sector forms an effective mechanism for attracting investment aimed at ensuring «green» economic growth. It is noted that when implementing PPP projects aimed at «green» economic growth, three main sectors receive the greatest development: energy based on renewable sources; water supply and sanitation (Sewerage); solid waste management. These areas receive preferential financial support for projects around the world from the world Bank structures, as well as state support in Russia. The author analyzes PPP projects in these sectors funded by the world Bank and identifies priority areas. The features of similar PPP projects implemented in these three regions in Russia are considered. It is revealed that such projects have not yet become widespread, and those that are being implemented are aimed more at the reconstruction of previously created objects than at creating modern and more environmentally friendly ones.

Lessening procurement deviations using procurement post reviews: evidence from Ghana

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Emmanuel Adinyira ◽  
Kofi Agyekum ◽  
Patrick Manu ◽  
Abdul-Majeed Mahamadu ◽  
Paul Olomolaiye
Keyword(s):  
World Bank ◽  
Design Methodology ◽  
Risk Mitigation ◽  
Secondary Data ◽  
Sampling Technique ◽  
Content Type ◽  
Multilateral Aid ◽  
The World Bank ◽  
The World ◽  
Procurement Risk

Purpose Multilateral aid agencies generate most of their funds from taxpayers, and therefore, it is necessary to ensure that recipients or borrowers use the funds for the intended purposes. The World Bank is one of the major multilateral aid agencies that fund infrastructure projects in developing countries. Like other multilateral aid agencies, the World Bank uses oversight instruments/auditing tools to manage procurement risk on their funded projects. However, empirical insight about the effectiveness of these auditing tools is limited. This paper aims to assess the effectiveness of one of such multilateral aid agencies’ auditing tools (i.e. World Bank’s procurement post review [PPR]) in procurement risk mitigation on funded projects in a developing country context. Design/methodology/approach The study is based on secondary data obtained from the World Bank PPR reports carried out in the 2014, 2015 and 2016 financial years. Five projects with the highest loan amounts and five with the lowest loan amounts for the three-year period were selected from the 24 active World Bank projects during the time of the study. A purposive sampling technique was used to select a representative sample from a list of contracts under the 10 projects. Findings The results of the analysis showed a clear decline in the number of both major and minor deviations over the three-year period while an increase in the number of contracts with “No Deviation”. The study therefore concludes that procurement risk experienced a decline amongst the World Bank projects in Ghana where post reviews were carried out on yearly basis. Originality/value The study identifies the need for more frequent PPR and makes a case for the need to investigate whether PPR is a superior auditing tool compared to the other tools.

Innovation, happiness, and growth

2014 ◽  
Vol 24 (1) ◽  
pp. 2-4 ◽  
Author(s):  
Abbas J. Ali
Keyword(s):  
Economic Growth ◽  
Design Methodology ◽  
Social Factor ◽  
Paper Briefly ◽  
Global Marketplace ◽  
Content Type ◽  
Social Perspectives ◽  
The Social ◽  
The Relationship

Purpose – The purpose of this paper is to discuss the role of innovation in society. It explores the relationship between societal happiness and economic growth and how innovation is linked to both issues. Design/methodology/approach – The paper briefly discusses the concept of innovation and the instrumental role that innovative people play in generating wealth and sustaining confidence and dedication among the widest possible segment of society. Findings – Based on economic logic and social perspectives, it is argued that innovation is not merely an economic issue but also a social factor that is characteristically linked to societal wellbeing and the position of a nation in the global marketplace. Originality/value – The paper offers a unique perspective on innovation and argues that it is a fatal mistake to view innovation as independent of the social and political aspects of any society. The paper sets the stage for an effective dialogue by which the essence of innovation, optimism, and economic growth can be recognized and reflected on as interrelated issues.

'Mega-foundations' will help global aid programmes

2016 ◽  
Keyword(s):  
International Development ◽  
World Bank ◽  
International Aid ◽  
Large Individual ◽  
Healthcare Education ◽  
Content Type ◽  
The World Bank ◽  
The World ◽  
The Uk

Subject The role of 'mega-foundations' in aid programmes to developing countries. Significance International development has changed with the advent of private-sector 'mega-foundations', which have gained influence in how NGOs operate, how public-private partnerships are formed and how international aid programmes shape domestic policies and agendas. Especially in global health, the rise of mega-foundations has been auspicious and cautionary. In areas of international development assistance such as healthcare, education and agriculture, they have become influencers on par with traditional organisations such as the World Bank and the UK Department for International Development. Impacts Mega-foundations will facilitate programmes in areas once considered too costly for large individual foundations, such as HIV programmes. A sole funder or a few funders will dominate some sectors, particularly when there are low resources. 'Orphan sectors' may see more interest; these are sectors that are currently neglected as too minor by traditional funders. Provision of resources controlled by mega-foundations will allow them to transcend advocacy, engaging in agenda setting and implementation.

scholarly journals Do Human Resources Run Economic Growth? Empirical Evidence From Pakistan

2021 ◽  
Vol 7 (2) ◽  
pp. 205-213
Author(s):  
Bilal Alam ◽  
Muhammad Niamat Ullah
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
World Bank ◽  
Education And Health ◽  
The World Bank ◽  
The World ◽  
Economic Survey ◽  
Using Data ◽  
Econometric Technique

This study analyzes the role of human capital in economic growth using data from 1981 to 2017. The data were taken from the World Bank (WDI) and the Economic Survey of Pakistan (Various Issues). It was scrutinized for stationarity of variables through ADF and an appropriate time series econometric technique of ARDL is applied for empirical analysis. The results suggest that both proxies of human capital, education, and health have positive impacts on the economic development of Pakistan. The study findings also suggest that government machinery may divert enough resources for the improvement of education and health services to accumulate human capital for achieving the desired goal of higher growth and development.

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