scholarly journals THE IMPACT OF MACROECONOMIC AND CONTROL OF CORRUPTION ON FOREIGN DIRECT INVESTMENT INFLOWS

2021 ◽  
Vol 24 (1) ◽  
pp. 236-249
Author(s):  
My-Linh Thi Nguyen ◽  
Thu-Trang Thi Doan ◽  
Toan Ngoc Bui
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
And Control ◽  
The Impact ◽  
Control Of Corruption ◽  
Foreign Direct Investment Inflows

Impact of foreign direct investment inflows on environmental pollution in Turkey

2016 ◽  
Author(s):  
Yilmaz Bayar
Keyword(s):  
Foreign Direct Investment ◽  
Environmental Pollution ◽  
Direct Investment ◽  
Global Economy ◽  
Developed Countries ◽  
Foreign Direct Investments ◽  
Causality Analysis ◽  
Causality Test ◽  
The Impact ◽  
Foreign Direct Investment Inflows

The globalization accelerated especially as of 1980s and the countries began to integrate global economy and remove the constraints on the flows of goods, services and capital. In this context, the developed countries partly shifted their environmentally hazardous production activities to the developing countries especially by means of foreign direct investments. This study investigates the impact of foreign direct investment inflows on the environmental pollution in Turkey during the period 1974-2010 by using Toda and Yamamoto (1995) causality test. We found that there was a bidirectional causality between foreign direct investment inflows and  emissions.Keywords: Foreign direct investment inflows,  emissions, causality analysis

scholarly journals Increasing Supply of Tradable Goods in the Common Market for Eastern and Southern Africa (COMESA)

2015 ◽  
Vol 1 (2) ◽  
pp. 73-117
Author(s):  
Macleans Mzumara
Keyword(s):  
Foreign Direct Investment ◽  
Rule Of Law ◽  
Direct Investment ◽  
Institutional Quality ◽  
Political Stability ◽  
Government Effectiveness ◽  
Regulatory Quality ◽  
Tradable Goods ◽  
And Control ◽  
Control Of Corruption

The author investigated the nature of institutional quality in the Common Market for Eastern and Southern Africa (COMESA) on the basis of voice and accountability political stability, government effectiveness, regulatory quality, rule of law and control of corruption. The author further investigated the existence of a link between institutional quality and factors of production. The results show that capital, entrepreneurship and foreign direct investment are the major determinants of production of tradable goods in COMESA. In exception of Mauritius and Namibia (currently no longer a member) the rest of COMESA member states have very poor institutional quality. This affects their ability to attract foreign direct investment hence production of tradable goods. Voice and accountability, government effectiveness, rule of law and political stability play a major role in increasing production of tradable goods in COMESA. Foreign direct investment is affected by voice and accountability, rule of law and political stability than any other factors. Availability of raw material is affected by government effectiveness, regulatory quality, political stability, voice and accountability and control of corruption. Capital is very sensitive to issues of voice and accountability and control of corruption and regulatory quality.

scholarly journals THE IMPACT OF INWARD FDI ON THE GROWTH OF ADVANCED EXPORTS IN CENTRAL-EASTERN EUROPEAN REGION

2020 ◽  
Vol 1 (14) ◽  
pp. 137-145
Author(s):  
Agata Maria Gorniak
Keyword(s):  
Foreign Direct Investment ◽  
Research And Development ◽  
Direct Investment ◽  
Trade Openness ◽  
Capital Formation ◽  
Eastern European ◽  
Domestic Savings ◽  
Central Eastern ◽  
The Impact ◽  
Foreign Direct Investment Inflows

The main objective of the paper is to examine the potential factors which, according to the literature, may be impacting the structure of exports by allowing more exports from high and medium-high research and development intensive sectors. In the paper, particular emphasis is put on the foreign direct investment’s role in export advancement. Apart from foreign direct investment inflows, the research examines the impact of trade openness, gross capital formation, gross domestic savings together with research and development and human capital related factors, on the phenomenon. The research group consists of eight Central – Eastern European economies, accessed to the European Union in 2004. The statistical data utilized in the research is retrieved from commonly available statistical databases. In the study ordinary least squares panel data regression is applied. Three separate models are estimated for three varying time frames (within the years 2000 – 2018), depending on the variables data availability. Obtained results suggest a strong positive correlation between trade openness, investment factors (savings and capital formation) expressed in growth rates, and high and medium-high research and development intensive manufacturing exports. Even though foreign direct investment inflows are identified as statistically significant in two of the estimated models, the coefficient for the variable is low. The results are partially consistent with the literature on the topic. Trade openness and foreign direct investment inflows have both been identified as relevant factors in the previously conducted studies. In contrary to previous findings, the investment-related macroeconomic factors, such as gross domestic savings and gross capital formation appear as significant variables. Also, in the estimated models, factors related to research and development have no relevance.   Keywords: Foreign Direct Investment, International Business, International Trade, Exports, High Technology Exports

scholarly journals Country’s Brand and Corruption Level: Cointegration Analysis

2019 ◽  
pp. 366-373 ◽  
Author(s):  
Tatyana Milova ◽  
Kateryna Troshkina ◽  
Yevhenii Horlov ◽  
Jaroslaw Dobkowski
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Positive Impact ◽  
Cointegration Analysis ◽  
Cause And Effect ◽  
Goods And Services ◽  
Country Brand ◽  
The Impact ◽  
Control Of Corruption

The paper summarized the arguments and counterarguments in the scientific debate on the impact of corruption on a country's brand. The modern approaches to the analysis of corruption’s impact on the country's macroeconomic indicators were analysed. The authors justified that increasing the corruption’s level is considered as one of the most significant deterrents to the radical political and economic changes taking place in the countries by society. The main purpose of the paper is to analyse the long-term cause-and-effect relationships between Control of Corruption and the country's brand. Four European countries (Latvia, Lithuania, Poland and Ukraine) were selected as the object of the investigation, which pursued an evolutionary policy of reforming the political and economic system after the collapse of the Soviet Union, which encouraged the practice of eliminating corruption. The research period was 2000-2018. With a purpose to check the hypothesis of the investigation the 3-stage algorithm to estimate the long-term cause-and-effect relationships between Control of Corruption and the key parameters of the country brand is developed. The developed algorithm was based on the Augmented Dicker-Fuller test and granger casualty test. It is established that for Ukraine, the interconnections between Control of Corruption and International migrant stock, Control of Corruption and Exports of goods and services, Control of Corruption and Foreign direct investment had a unidirectional character of influence of the corruption’s level on the components of the country’s brand. The findings proved that 51.73%, 43.79% and 66% of the total fluctuations of International migrant stock, Exports of goods and services, Foreign direct investment depend on changes in the level of corruption in the country. The obtained results allowed concluding that for the European Union countries (Poland, Lithuania and Latvia) it was the country brand that had a positive impact on reducing the corruption’s level. It was justified that the choice of a specific model for combating the corruption’s level in the chosen countries significantly determined the course of their political transformation and influenced the change’s rate of the social and economic development. Keywords: brand, stakeholders, competitiveness, investors, corruption.

scholarly journals An Algorithm of Decomposing the Trend and Cyclical Components of FDI Inflows: The Case of Ukraine

2020 ◽  
Vol 4 (3) ◽  
pp. 95-101
Author(s):  
Bogdan A. Moskalenko ◽  
Pavlin Mitev
Keyword(s):  
Time Series ◽  
Foreign Direct Investment ◽  
Statistical Methods ◽  
Direct Investment ◽  
Joint Stock Company ◽  
Stock Company ◽  
Trend Component ◽  
Potential Evaluation ◽  
The Impact ◽  
Foreign Direct Investment Inflows

Authors: Bogdan A. Moskalenko, ORCID: https://orcid.org/0000-0003-3972-1705 Joint stock company “ProCredit Bank”, Business Client Advisor, Kyiv, Ukraine Pavlin Mitev, ORCID: https://orcid.org/0000-0001-5798-4192 Joint stock company “Raiffeisenbank EAD”, Credit Risk Policy Manager, Bulgaria Pages: 95-101 Language: English DOI: https://doi.org/10.21272/fmir.4(3).95-101.2020 Download: Views: Downloads: 26 7 Abstract The article summarizes the arguments within the scientific challenge on improving approaches to country investment potential evaluation. The main objective of the research is to systematize the existing statistical methods of decomposing macroeconomic time series into growth (trend) and cyclical components. Systematization of theoretical and methodological materials on solving the problem of decomposing the trend and cyclical components of time data series showed that the use of filtering series of economic dynamics based on the Hodrick-Prescott filter allows identifying long-term growth trends or recessions. The relevance of solving this problem is that the country investment potential evaluation is often based on investigating the impact of foreign direct investment`s determinants in a domestic economy while ignoring cyclical macroeconomic processes within and outside the country, on which those determinants often have not responded yet or reacted late. The methodical tools of the research are carried out in the following logical sequence: systematization of existing statistical methods for trend component decomposing; analysis of data that will be used in the decomposition process and in further country investment potential evaluation; application of the Hodrick-Prescott filter and trend component decomposing in foreign direct investment net inflows dynamics into the economy of Ukraine. The Research methods combine in following dimensions: comparative analysis, regression analysis and univariate methodology of time series decomposing. The period from 1999 to 2019 was chosen as the research period. The object of the research is foreign direct investment net inflows into the economy of Ukraine, as they are the determining element within the country investment potential evaluation process. The article presents the results of empirical analysis, which showed that the decomposing a trend and cyclical components of foreign direct investment inflows can improve the quality of investment potential evaluation, considering the impact of current economic cycle phase. The results of the research can be useful for a more accurate investment potential evaluation on the macroeconomic level and forecasting foreign direct investment inflows for the following time periods. Keywords: business cycle synchronization; country investment potential; foreign direct investment; Hodrick-Prescott filter; national economy.

scholarly journals MARKET SIZE AS A DETERMINANT OF THE FOREIGN DIRECT INVESTMENT INFLOWS IN THE WESTERN BALKANS COUNTRIES

2017 ◽  
pp. 093
Author(s):  
Marija Petrović-Ranđelović ◽  
Vesna Janković-Milić ◽  
Ivana Kostadinović
Keyword(s):  
Foreign Direct Investment ◽  
Population Size ◽  
Direct Investment ◽  
Negative Impact ◽  
Trade Openness ◽  
Market Size ◽  
Western Balkans ◽  
Market Growth ◽  
The Impact ◽  
Foreign Direct Investment Inflows

Numerous empirical studies confirm that market size is one of the key determinants of foreign direct investment inflows, particularly market-oriented projects of foreign direct investment. Basically, the dominant view is that a larger market of the host country attracts a greater quantum of foreign direct investment. This paper examines the influence of market size, as well as the impact of market growth, trade openness, and population size on the foreign direct investment inflows into the six countries of the Western Balkans region in the period 2007-2015. Multiple regression analysis was applied in examining the impact of these variables on foreign direct investment inflows. The obtained results show that market size, market growth and population size had a significant positive impact, while trade openness had a negative impact on foreign direct investment inflows in the observed countries. Thus, the main findings of this research confirm that market size is an important determinant of the foreign direct investment inflows in the Western Balkans countries.

scholarly journals The Impact of Deregulation and Liberalization in the Nigerian Air Transport Industry: An Overview

2011 ◽  
Vol 2 (1) ◽  
pp. 50-68
Author(s):  
Adeniyi Olufemi Oluwakoya
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Air Transport ◽  
Aviation Industry ◽  
Infrastructure Development ◽  
Air Transport Industry ◽  
Transport Industry ◽  
External Sources ◽  
And Control ◽  
The Impact

The effect of globalization is fast showing its attendant effects on the Nigerian aviation industry leading to an increase in passengers’ traffic movement in Nigeria’s airports. More importantly, there seems to be a paradigm shift which affects ownership and administration of operation in the Nigerian aviation industry. This study examines among others the impact of deregulation and liberalization in the Nigerian air transport industry; the effects of the latter on operation and control changes that affect operational efficiency in the airline business; and the impacts of liberalization on attracting foreign direct investment and foreign airline participation in the Nigerian aviation industry. The methodology used for this study is documentary research, which entails search of existing published and unpublished documents and databases of stakeholders in the Nigerian aviation industry and external sources with affinity to the sector. The results of this study reveal that an unprecedented growth has been recorded in Nigeria. It includes among others: healthy competition needed for growth and development; increased participation in the industry by foreign airlines; increased foreign direct investment in the airline business and airport infrastructure development.

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