scholarly journals Do Institutional Variables affect FDI inflows? A Panel Data Analysis of South Asian Countries

2018 ◽  
Vol 4 (02) ◽  
Author(s):  
Vandana Goswami
Keyword(s):  
Panel Data ◽  
South Asian ◽  
Positive Impact ◽  
Panel Data Analysis ◽  
Asian Countries ◽  
Institutional Variables ◽  
Fdi Inflows ◽  
Regulatory Quality ◽  
The Impact ◽  
Control Of Corruption

The study addresses several questions related to the effect of institutional variables on foreign direct investment inflows in South Asian countries consisting of Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. The institutional variables taken in the study include control of corruption, political instability, quality of governance, regulatory quality, and rule of law. The paper uses panel data for the period of 1990-2015. The objective of this paper is to study the impact of institutional determinants on FDI inflows in eight South Asian countries. The main findings of the paper indicate that government effectiveness and trade openness are having a positive impact on FDI inflows while control of corruption and regulatory quality have negatively affected FDI inflows in these eight South Asian Countries.

scholarly journals Effects of Foreign Aid and Remittances Flows on Saving and Investment in Developing South Asia: Panel Data Study

2021 ◽  
pp. 21-27
Author(s):  
Md. Ahasan Ul Haque ◽  
Md. Golam Kibria ◽  
Md. Muhaiminul Islam Selim
Keyword(s):  
Panel Data ◽  
Foreign Aid ◽  
South Asia ◽  
South Asian ◽  
Positive Impact ◽  
Threshold Level ◽  
Foreign Assistance ◽  
Asian Countries ◽  
Minimum Threshold ◽  
The Impact

In this study, we investigate the impact of remittances and foreign aid (official foreign assistance) on investment and saving in South Asian countries. We also analyze the comparative influence of remittances and foreign aid in stimulating saving and investment. We use a sample of five South Asian countries over the period 1985-2018 and employ OLS and 2SLS methods to estimate the effect of remittance and foreign aid on saving and investment. The result reveals that remittance has a positive impact on saving but has no significant effect on investment and shows that foreign aid has no significant impact on saving but negatively influences investment. In line with our results, a rise in 10 percent of remittances in South Asia raises savings by 1.6 percent in the OLS estimates and by 1.7 percent when we use 2SLS. At the same time for a 10% increase in foreign aid decreases saving by 4.3% and 3.3%, respectively, in two methods. For the second regression, an increase in 10% remittances hamper investment by 1.3% and 1% for OLS and 2SLS, respectively. And for the analogous 10% increase in foreign aid decrease investment by 5.4% and 5.2%, respectively. However, if foreign aid is efficiently used, it can be an important complement to remittances by permitting households to overcome the minimum threshold level and they can use a bigger portion of their remittances for savings and investment motive.

scholarly journals Determinants of Basmati Exports from Pakistan: A Panel Data Analysis

2021 ◽  
Vol 3 (1) ◽  
pp. 12-18
Author(s):  
Muhammad Munwar Hayat ◽  
Raheela Khatoon
Keyword(s):  
Panel Data ◽  
Method Of Moments ◽  
Negative Impact ◽  
Positive Impact ◽  
Panel Data Analysis ◽  
Generalized Method Of Moments ◽  
Trading Partner ◽  
Dummy Variable ◽  
Export Competitiveness ◽  
The Impact

This paper aims to estimate the impact of different factors of basmati exports from Pakistan to its trading partner. Results are obtained by using the Generalized Method of Moments (GMM) model and panel data methodology with a sample of 22 countries for the period of 2003-2019. To estimate the impact of different variables on basmati exports Generalized Method of Moments (GMM) model is used on the panel dataset. The results revealed that the inflation rate of Pakistan has a negative and significant effect on the export competitiveness of Pakistani basmati. The exchange rate of Pakistan has a positive and significant impact on the basmati export, the population of Pakistan has a negative and significant impact on basmati export. Basmati production in Pakistan also has a significant and negative impact on basmati export. The Gross Domestic Product (GDP) of Pakistan has a significant and positive impact on the basmati export while the GDP of the trading partner has a significant and negative impact on the basmati export. The dummy variable for joint border also has a positive and significant impact on basmati exports of Pakistan.

scholarly journals PRACTICING FRS AND AUDIT QUALITY SUPPORT FINANCIAL SUCCESS OF CONSTRUCTION FIRMS IN MALAYSIA

2016 ◽  
Vol 1 (1) ◽  
Author(s):  
Chia Hua Sim ◽  
Daw Tin Hla ◽  
Abu Hassan Md.Isa
Keyword(s):  
Firm Performance ◽  
Panel Data ◽  
Financial Reporting ◽  
Audit Quality ◽  
Positive Impact ◽  
Panel Data Analysis ◽  
Financial Success ◽  
Reporting Standard ◽  
Construction Firms ◽  
The Impact

Prior research findings on the effect of financial reporting and audit quality on firm performance were mixed. The current study therefore, sought to examine the impact of audit quality and FRS practices of firms on their financial success. Samples firms listed on Malaysian stock market were selected from the construction sector for the period of 2010 to 2013. Data was collected from the published annual reports and notes to the financial statements. To assess the level of compliance with the regulations and provisions of the Financial Reporting Standard (FRS) in Malaysia, content analysis was carried out. Firm’s engagement with established audit firm is used as a proxy for audit quality, and return on assets is used as a measure of firm performance. Panel data analysis was employed in analysing the data and testing the stated hypotheses. The use of panel data reveals that practices of FRS by firms is significantly and positively related to their financial performance. The results also indicate that audit quality has a significant positive impact on business financial success. The study therefore recommends that the management of listed construction firms improve their practices of FRS and employ the service of established audit firms in support of financial success. Regular training may be organised to provide construction companies with practical guide for better compliance with the FRS in Malaysia.  

scholarly journals Causal nexus between fiscal deficit and economic growth

2016 ◽  
Vol 4 (8) ◽  
pp. 1-19
Author(s):  
Ravinthirakumaran Navaratnam ◽  
Kasavarajah Mayandy
Keyword(s):  
Economic Growth ◽  
Sri Lanka ◽  
South Asian ◽  
Negative Impact ◽  
Positive Impact ◽  
Cointegration Analysis ◽  
Annual Data ◽  
Fiscal Deficit ◽  
Asian Countries ◽  
The Impact

The impact of fiscal deficit on economic growth is one of the most widely debated issues among economists and policy makers in both developed and developing countries in the recent period. This paper seeks to examine the impact of fiscal deficit on economic growth in selected South Asian countries, namely, Bangladesh, India, Nepal, Pakistan and Sri Lanka using time series annual data over the period 1980 to 2014. The paper uses cointegration analysis, error correction modelling and Granger causality test under a Vector Autoregression (VAR) framework. The results from this study confirmed that the fiscal deficit has a negative impact on economic growth in the South Asian countries considered in this study except Nepal, which confirmed the positive impact. The results also highlighted that the direction of causality for the SAARC countries is mixed where fiscal deficit causes economic growth for Bangladesh, Nepal and Pakistan, but the reverse is true for India and Sri Lanka.  

scholarly journals Impact of Demographic Variables on Economic Growth in South Asian Countries: A Panel Data Analysis

2021 ◽  
Vol 3 (1) ◽  
pp. 49-58
Author(s):  
Nisar Ahmad ◽  
Sara Nayyab
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Life Expectancy ◽  
South Asian ◽  
Total Fertility Rate ◽  
Ordinary Least Squares ◽  
Demographic Variables ◽  
Fertility Rate ◽  
Asian Countries ◽  
The Impact

This study find the impact of demographic variables on economic growth in selected South Asian countries; Pakistan, India, Bangladesh and Sri-Lanka using panel data from 1976 to 2017. Fertility rate and life expectancy are used as demographic variables and GDP is used to indicate the economic growth. Panel unit root tests including Levin-Lin & Chu, Im-Pesaran & Shin, ADF-Fisher χ2, PP-Fisher χ2 are applied to check the stationary of variables. Pedroni and Kao Panel Co-integration are employed to test the co-integration among variables. Fully Modified Ordinary Least Squares (FMOLS) estimators are obtained for long run relationship. Results show that total fertility rate and life expectancy have significant impact on economic growth in these four South Asian countries. For example, one unit increase in total fertility rate depresses the economic growth by 0.106 units. However, economic growth is accelerated by 0.196 units due to one year increase in life expectancy.

scholarly journals Remittances and Economic Growth Tie in Selected South Asian Countries: A Panel Data Analysis

2019 ◽  
Vol 11 (1) ◽  
pp. 197
Author(s):  
Md. Nezum Uddin ◽  
Mohammed Jashim Uddin ◽  
Md. Joynal Uddin ◽  
Monir Ahmmed
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
South Asian ◽  
Panel Data Analysis ◽  
Past Century ◽  
Asian Countries ◽  
Panel Data Estimation ◽  
Panel Data Estimation Techniques ◽  
Causality Tests ◽  
Heated Debate

Remittances are regarded one of the foremost financial resources globally. Over the past century, in the developing economy, there is a heated debate on the sources of economic growth. The current paper attempts to analyze how economic growth is being impacted by remittance in five selected South Asian countries between the period 1975 and 2017. Estimated results from panel-data estimation techniques exhibit a positive relation between economic growth and remittance in these countries. The results from Granger-causality tests suggest that remittance plays a catalyst role to bring economic growth but economic growth doesn’t play any role to bring remittance while Dumitrescu Hurlin Causality tests found a bi-directional relationship. Important finding of the study is that remittance boost economic growth in South Asian region.

scholarly journals The Relationship between Competitiveness and Economic Growth: A Panel Data Analysis on Selected Countries

2015 ◽  
Author(s):  
Ziya Çağlar Yurttançıkmaz ◽  
Ömer Selçuk Emsen ◽  
Ahmet Fatih Aydemir ◽  
Ahmet Alkan Çelik
Keyword(s):  
Economic Growth ◽  
Data Analysis ◽  
Panel Data ◽  
Positive Impact ◽  
Panel Data Analysis ◽  
Sustainable Growth ◽  
International Institute ◽  
Data Set ◽  
Business World ◽  
The Impact

As economic growth is very important for the development of individuals and the society, the importance of capital stocks and labor force for the economic growth of countries cannot be neglected. Additionally, the human capital component and especially the role of competitiveness increases on the growth process have been extensively discussed over the last two decades. This paper examines the impact of competitiveness increases on economic growth of selected middle-income countries including Turkey for the period of 1997-2012 using a balanced panel data analysis, which was relatively less studied in the literature. According to analysis results, an increase on the competitiveness index of countries in the panel, which were obtained from the data set of the International Institute for Management Development (IMD), positively increases per capita income level. This result may be interpreted as several factors that increase competitiveness including infrastructure, economic structure, business world and regulations and investments that ensure public efficiency may have a positive impact on economic growth. Therefore, this study suggests that future policies that concentrate on extensive growth instead of intensive dimension may contribute to efficient and sustainable growth.

The Impact of FDI Inflows and Outflows on Economic Growth: An Empirical Study of some Developed and Developing Countries

2019 ◽  
Vol 6 (1) ◽  
pp. 129-157
Author(s):  
Younis Ali Ahmed ◽  
Roshna Ramzi Ibrahim
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Panel Data ◽  
Fixed Effects ◽  
Positive Impact ◽  
Developed Countries ◽  
Fdi Inflows ◽  
Panel Data Estimation ◽  
The Impact ◽  
Data Estimation

FDI is an investment including a long-term relationship and reflecting a lasting interest and control of a resident entity in one economy. FDI is a combination of capital, technology, marketing and management. Based on the Neoclassical, Exogenous and modern theories FDI has a positive role in accelerating economic growth and development. Many countries are improving their economy in order to attract FDI.  The main objective of this study is to examine the impact of FDI inflows and outflows on economic growth of developed countries such as (USA, UK and France) and developing countries such as (Malaysia, Turkey and Iran) from (1980 to 2017). To accomplish that, ARDL approach and panel data estimation were used. The empirical findings reveal that the FDI inflows and outflows for developed countries (US and UK) have a positive impact on economic growth (GDP), while the FDI inflows of France have a negative impact. Nevertheless, FDI inflows and outflows for developing countries of (Malaysia, Turkey, and Iran) have a positive impact on economic growth. The result of panel data estimation shows that Fixed effects model is appropriate for estimating the parameters. In conclusion, Developing countries should diversify their FDI inflows and outflows to cover all the sectors and they should benefit from the developed countries’ experiences with higher impact of FDI on economic growth.

Financial Deepening and Corruption in Selected Southeast Asian Countries

2016 ◽  
Vol 15 (1) ◽  
pp. 62-85
Author(s):  
Piyadasa Edirisuriya
Keyword(s):  
Financial Market ◽  
Positive Impact ◽  
Panel Data Analysis ◽  
Negative Relationship ◽  
Southeast Asian ◽  
Financial Deepening ◽  
Asian Countries ◽  
Financial Deregulation ◽  
The Impact ◽  
Southeast Asian Countries

Since the 1980s, Southeast Asian countries have deregulated their financial market sector. Numerous studies on financial market deregulation and corruption levels have argued about positive and negative links between corruption and financial deregulation in many countries. These conflicting results have motivated us to examine the impact of financial market deregulation, which leads to financial deepening, on corruption in Southeast Asian countries. We employ panel data analysis to explore whether financial deepening has a positive impact on corruption levels. Using data for 17 years, we empirically tested the relationship between financial deepening and corruption levels and found a significantly negative relationship between these two factors. When comparing our results with the South Asian region where the level of corruption is higher, we do not find any significant differences.

Sign in / Sign up

Export Citation Format

Share Document