scholarly journals Debt-Financed Public Investment in Developing Countries: Does the Efficiency of Public Investment Matter?

2020 ◽  
Author(s):  
Amarachukwu Anthony Anyanwu
Keyword(s):  
Sustainable Development ◽  
Developing Countries ◽  
Government Spending ◽  
Public Investment ◽  
Policy Implications ◽  
Asia Pacific ◽  
Investment Efficiency ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
2030 Agenda

This study examines whether government spending efficiency is associated with differential effects of public investment on debt-to-GDP ratio for a panel data consisting of 16 developing countries in Asia-Pacific region over the period 2007-2017. Public investment is central to implementing the UN 2030 Agenda for Sustainable Development — but high debt-to-GDP ratio poses a key risk. The empirical results indicate that public investment efficiency moderates debt-to-GDP ratio whereas public investment in the midst of public sector corruption accentuates debt-to-GDP ratio. The results have important policy implications.

scholarly journals The Impact of Remittances on Domestic Investment in Developing Countries: Fresh Evidence From the Asia-pacific Region

2018 ◽  
Vol 9 (2) ◽  
pp. 193-211 ◽  
Author(s):  
Le Thanh Tung
Keyword(s):  
Developing Countries ◽  
Time Series Data ◽  
Negative Impact ◽  
Positive Impact ◽  
Asia Pacific ◽  
Series Data ◽  
Pacific Region ◽  
Domestic Investment ◽  
Asia Pacific Region ◽  
The Impact

Despite the sharply increasing remittances in developing countries (especially in the AsiaPacific region), the relationship between remittances and domestic investment in recipient countries has not been fluently evidenced. This paper aims to fill the empirical gap in the Asia-Pacific region by investigating the impact of remittances on domestic investment with a sample including nineteen developing countries based on time series data from 1980 to 2015. However, our findings contradict some evidence from other regions. The results robustly confirm that remittances have a negative impact on domestic investment in these countries. Our results also indicate that the annual GDP per capita growth, official development assistance, domestic credit, gross saving, and inflation have a positive impact on domestic investment, however, we conclude that the impact of trade openness on domestic investment has a negative sign in the study period. The paper also provides some policy suggestions with regard to remittance flows in this region.

scholarly journals Contribution of an Integrated Maritime Policy to the Dialogue of Civilisations: The Asia-Pacific Case

2021 ◽  
Vol 9 (6) ◽  
pp. 610
Author(s):  
Amrtatjuti Vladimirovna Sereda ◽  
Yuriy Gennadievich Mikhaylichenko ◽  
Petr Yakovlevich Baklanov ◽  
Anatoly Nikolaevich Kachur ◽  
Andrei Dorofeevich Lappo ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Environmental Safety ◽  
Asia Pacific ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
International Consensus ◽  
Maritime Policy ◽  
Ocean Policy ◽  
Critical Issues ◽  
Environmental Integrity

Sustainable development of marine resources requires a robust national coastal and ocean policy and harmonization of environmental management systems in areas of overlapping interests among nations. This is becoming increasingly important in the efforts of governments worldwide. Critical issues related to the exploitation of natural resources and the degradation of marine ecosystems, coupled with global crosscutting environmental issues such as climate change and climate-related hazards, require forging cross-border cooperation and international consensus on ensuring ecosystem-based approach principles in marine management and maritime domain awareness and security as reflected in the U.N.’s Sustainable Development Goals. Increasing the scale of marine planning processes entails increased cooperation on humankind’s shared endowment of global oceans and interconnected marine systems. As a result, interactions across the world are multiplying, which intensifies the dialogue of civilisations. The following exploration of a roadmap for developing an Integrated Marine/Maritime Policy in the Asia-Pacific region reveals enhanced opportunities for maintaining environmental integrity and sustainability in transboundary areas while considering local, regional, and global socio-economic and environmental challenges. This is a science-policy analysis of the marine-related practices of the region under consideration. The key here is to improve environmental safety and strengthen global security because of coherent actions jointly adopted in a setting of mutual respect and unity by a shared purpose to create reliable foundations for sustainable development in the Asia-Pacific region.

scholarly journals A Review of IPO Under-pricing Phenomenon in Asia

2020 ◽  
Author(s):  
Ali Albada ◽  
Othman Yong
Keyword(s):  
Developing Countries ◽  
Asia Pacific ◽  
Current Status ◽  
Regulatory Environment ◽  
Pacific Region ◽  
Asian Countries ◽  
Asia Pacific Region

This paper reviews the current status of IPO research in Asia, especially when it comes to the issue of the under-pricing phenomenon. This interest stems from the increasing attention that some of the Asia Pacific region countries have, due to their higher average initial returns in comparison to other developed and developing countries. In this review, we identify the determinants for the high levels of under-pricing as reported in the literature. We find that the regulatory environment of these Asian countries is the most reasonable source for such under-pricing, as it sets it apart from other developed and developing countries.  

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