ENTREPRENEURIAL ACTIVITY AS AN EXTERNALITY OF INWARD FOREIGN DIRECT INVESTMENT IN EMERGING ECONOMIES: PANEL DATA FROM ARGENTINA, BRAZIL, COLOMBIA AND SOUTH AFRICA

2014 ◽  
Vol 19 (01) ◽  
pp. 1450004 ◽  
Author(s):  
MICHELLE L. WASHINGTON ◽  
ZANETA CHAPMAN
Keyword(s):  
South Africa ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Panel Data ◽  
Multinational Corporations ◽  
Emerging Economies ◽  
Direct Investment ◽  
Spillover Effect ◽  
Entrepreneurial Activity ◽  
Inward Foreign Direct Investment

Many emerging economies seek multiple and diversified means of economic development, including openness to inward foreign direct investment. However, some scholars and protectionists claim this hosting of economic activity on the part of multinational corporations (MNCs) might in fact be detrimental to economic development. This paper seeks to address these concerns by using panel data from Argentina, Brazil, Colombia and South Africa to investigate a mediational relationship among inward foreign direct investment, skilled labor supply and entrepreneurial activity in the emerging economy context. Our results provide empirical evidence of later stage entrepreneurial activity as a spillover effect of inward foreign direct investment and that this indirect effect is fully mediated by the pool of factory workers.

Transparency and Inward Investment Incentives

2014 ◽  
pp. 303-322
Author(s):  
Frederick Lehmann ◽  
Ana Teresa Tavares-Lehmann
Keyword(s):  
Foreign Direct Investment ◽  
Multinational Corporations ◽  
Direct Investment ◽  
Investment Incentives ◽  
Host Countries ◽  
Inward Foreign Direct Investment ◽  
The Relationship ◽  
Fdi Attraction

This chapter examines transparency in relation to inward foreign direct investment (FDI), particularly inward investment-focused policies and incentives. It begins by reviewing the literature on transparency and inward investment incentives before discussing some of the merits of transparency based on its effects on the quantity and quality as well as the process by which FDI is attracted. It then considers the distinction between transparency in norms versus transparency in processes and how these differences affect FDI attraction. It also explores multilevel transparency and its impact on inward investment, along with multiparty transparency and its effect on FDI. The chapter concludes by focusing on the relationship between multinational corporations and host countries.

scholarly journals The political regime as a determinant of inward foreign direct investment

2020 ◽  
Author(s):  
Ειρήνη Τριάρχη
Keyword(s):  
Foreign Direct Investment ◽  
Data Analysis ◽  
Panel Data ◽  
Direct Investment ◽  
Panel Data Analysis ◽  
Political Regime ◽  
The Political ◽  
Inward Foreign Direct Investment

H εν λόγω διατριβή αναλύει το πολιτικό καθεστώς ως καθοριστικό παράγοντα των εισερχομένων Άμεσων Ξένων Επενδύσεων (ΑΞΕ). Πάνω απ’ όλα, εξετάζει τη σημασία του πολιτικού συστήματος μαζί με συγκεκριμένους παράγοντες για την τόνωση των εισροών ΑΞΕ στις Ευρωπαϊκές υπό μετάβαση οικονομίες. Η έρευνα μας επικεντρώνεται σε εκείνες τις χώρες της Βαλκανικής χερσονήσου που δεν είναι μέλη της ΕΕ, συγκεκριμένα στις χώρες των Δυτικών Βαλκανίων της Αλβανίας, της Βοσνίας-Ερζεγοβίνης, του Κοσσυφοπεδίου, της Βόρειας Μακεδονίας, της Σερβίας και του Μαυροβουνίου. Το θεωρητικό πλαίσιο της διατριβής δίδεται από την βιβλιογραφική επισκόπηση. Η βιβλιογραφική επισκόπηση διακρίνει συγκεκριμένους παράγοντες που συμβάλλουν στη θεσμική σταθερότητα και αξιοπιστία των χωρών υποδοχής και ως εκ τούτου, στην αύξηση των εισροών ΑΞΕ. Αυτοί είναι η προστασία των δικαιωμάτων ιδιοκτησίας, η υπογραφή διμερών επενδυτικών συνθηκών, τα ανθρώπινα δικαιώματα και η ποιότητα της διακυβέρνησης, συμπεριλαμβανομένων των έξι διαστάσεων της, ήτοι φωνή και λογοδοσία, πολιτική σταθερότητα και απουσία της βίας / τρομοκρατίας, κυβερνητική αποτελεσματικότητα, κανονιστική ποιότητα, κράτος δικαίου και έλεγχος της διαφθοράς. Η θεωρητική ανάλυση του πολιτικού συστήματος στις χώρες των Δυτικών Βαλκανίων βασίζεται, πέρα από τις εμπειρικές μελέτες, σε επίσημες εκθέσεις διεθνών αναγνωρισμένων οργανισμών και μελέτες πολιτικής σχετικά με το καθεστώς μετάβασης των χωρών. Ο σχεδιασμός του εμπειρικού μοντέλου της έρευνας περιλαμβάνει τις μεταβλητές που σχετίζονται με την προστασία των ξένων επενδυτών και μετρά την ποιότητα της διακυβέρνησης μαζί με τη μεταβλητή του πολιτικού καθεστώτος. Η εμπειρική ανάλυση χρησιμοποιεί panel data analysis των μεταβλητών ενδιαφέροντος για την περίοδο 1996-2018, για το σύνολο των έξι χώρων. Δεδομένου ότι οι ευρωπαϊκές υπό μετάβαση οικονομίες βιώνουν μια νέα πολιτική πραγματικότητα, με την μελέτη των ειδικών καθοριστικών πολιτικών παραγόντων των εισερχομένων ΑΞΕ όπως διαμορφώνονται στο πολιτικό περιβάλλον των συγκεκριμένων χωρών, αναμένεται η εξαγωγή σαφών αποτελεσμάτων. Τα ευρήματα αυτής της διατριβής ρίχνουν περισσότερο φως στη σχέση πολιτικού συστήματος - ΑΞΕ, συμβάλλοντας στην υπάρχουσα βιβλιογραφία και παρέχοντας ένα πλαίσιο για τις οικονομίες μετάβασης να ξεπεράσουν συγκεκριμένα πολιτικά ζητήματα που εμποδίζουν την αύξηση των εισερχόμενων ροών ΑΞΕ και να αναπτυχθούν ως προορισμοί ΑΞΕ.

scholarly journals FDI and Infrastructure Improvement of ASEAN

2019 ◽  
Vol 11 (10) ◽  
pp. 140
Author(s):  
Xiaohui Wang
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
Panel Data ◽  
Direct Investment ◽  
Technology Knowledge ◽  
Infrastructure Improvement ◽  
Asean Countries ◽  
The Impact

As a synthesis of capital, technology, knowledge and information, foreign direct investment(FDI) has a significant impact on the host country's economy, and the infrastructure is no exception which is an important part of one country's economy. This paper aims to empirically analyse the impact of FDI on infrastructure, using the panel data of ASEAN countries’ infrastructure and FDI from 2003 to 2017 and compare the infrastructure effect of FDI from China and FDI from countries besides China. Result shows that FDI of ASEAN countries did improve the infrastructure level and for every 1% increase in FDI of ASEAN countries, the infrastructure level of ASEAN countries rose 0.308%. In addition, FDI from China of ASEAN countries did improve the infrastructure level and for every 1% increase in FDI from China of ASEAN countries, the infrastructure level of ASEAN countries rose 0.252%. Therefore, as a bottleneck of ASEAN's economic development, infrastructure can be improved by attracting FDI, especially FDI from China.

scholarly journals Investment promotion in the South African manufacturing industry: incentive comparisons with Malaysia and Singapore

2014 ◽  
Vol 17 (3) ◽  
pp. 319-335 ◽  
Author(s):  
Martha SI Wentzel ◽  
Maxi Steyn
Keyword(s):  
South Africa ◽  
Foreign Direct Investment ◽  
South African ◽  
Direct Investment ◽  
Manufacturing Industry ◽  
The South ◽  
Short Term ◽  
Foreign Investors ◽  
Investment Promotion ◽  
Inward Foreign Direct Investment

South Africa needs to increase its inward foreign direct investment in order to achieve economic growth. The purpose of this article is to explore which intervention could be launched in the short term to enhance the country's attractiveness for foreign investors. The findings of the literature review demonstrated that incentives, as a determinant of investment, are the short-term intervention with the most significant potential to attract additional foreign direct investment. A comparative study, which provided insight into the incentives that are currently offered to the manufacturing sectors of three countries (South Africa, Malaysia and Singapore), assisted in identifying two additional incentives that the South African government could introduce and three existing incentives that could be amended. The introduction or modification of these incentives could ensure that South Africa has a competitive advantage to attract investment from foreign investors and thereby increase South Africa's inward foreign direct investment in the manufacturing industry.

The Effect of Foreign Direct Investment on the Economic Development of Mongolia

2018 ◽  
Vol 16 (3) ◽  
pp. 12-21 ◽  
Author(s):  
Erdenebat Mungunzul ◽  
Taikoo Chang
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
Regression Analysis ◽  
Panel Data ◽  
Direct Investment ◽  
Fixed Effects ◽  
Trade Openness ◽  
Fixed Effects Models ◽  
Study Results ◽  
The World

This article describes how foreign direct investment in Mongolia has reached 3.9 billion US$ mainly in the mining sector that amounted approximately 40% of the year's GDP. Even though FDI into Mongolia has been grown along with the country's economic development with trade openness to the world, a few studies have used regression analysis to analyze determinant factors of FDI. This article has estimated the determinants attracting FDI inflow into Mongolia by using two methods: applying single country (Mongolia) data using the determinants attracting FDI inflow into Mongolia from 1995-2014, and applying the determinants attracting FDI from the top investment countries using panel data, using random and fixed effects models from 2005-2013. The study results showed that GDP of Mongolia has a positive and significant effect on the FDI inflow. It was also revealed that the partner countries located either too far away from or too close to Mongolia pay little attention to and play a small investment role in Mongolian FDI.

FDI, Globalisation and Development: Some Implications for Korean Firms and Korean Policy Makers

2006 ◽  
Vol 7 (1) ◽  
pp. 1-20
Author(s):  
John Dunning
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Investment Policy ◽  
Social Characteristics ◽  
Policy Makers ◽  
Korean Economy ◽  
Inward Foreign Direct Investment ◽  
Main Components

The paper first summarises some of the economic and social characteristics of the evolving world scenario, and their relevance for globalization, economic development and foreign direct investment. It then goes on to identify and discuss the main components of the competitive strengths and weaknesses of the Korean economy and of Korean firms; and finally examines the implications of these findings for outward and inward foreign direct investment policy.

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