scholarly journals Apakah Kualitas Institusi Berpengaruh pada Arus Masuk FDI di ASEAN?

2020 ◽  
Vol 20 (2) ◽  
pp. 146-159
Author(s):  
Ali Akbar Septiantoro ◽  
Heni Hasanah ◽  
Muhammad Findi Alexandi ◽  
Sri Retno Wahyu Nugraheni
Keyword(s):  
Foreign Direct Investment ◽  
Panel Data ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Institutional Quality ◽  
Political Stability ◽  
Capital Formation ◽  
Crowding Out ◽  
Government Effectiveness ◽  
Fixed Capital Formation

This paper examines the impact of institutional quality (government effectiveness index, voice and accountability index, and political stability) and economic variables (Gross Domestic Product [GDP], inflation, trade openness, and gross fixed capital formation) on Foreign Direct Investment (FDI) inflows in ASEAN 2012–2016 by using panel data analysis. The obtained results indicate that economics variables have a greater impact on FDI than political stability indicator. Our findings also suggest that insignificant effect of democracy and institutional quality indicator on FDI caused by the high level of corruption in ASEAN which maybe has a crowding out effect to level of democracy and institutional quality. ----------------------------------- Tujuan dari penelitian ini adalah untuk mengetahui pengaruh kualitas institusi (indeks government effectiveness, indeks voice and accountability, indeks stabilitas politik) dan variabel ekonomi lain (Gross Domestic Product [GDP], inflasi, keterbukaan perdagangan, dan gross fixed capital formation) terhadap Foreign Direct Investment (FDI) pada negara ASEAN periode tahun 2012–2016 dengan menggunakan analisis panel data. Hasil estimasi menunjukkan bahwa variabel ekonomi memiliki pengaruh yang lebih besar terhadap FDI dibandingkan dengan indikator stabilitas politik. Hasil kajian ini juga menemukan bahwa tidak signifikannya pengaruh indikator demokrasi dan kualitas institusi terhadap FDI dikarenakan tingginya tingkat korupsi yang mungkin memiliki efek crowding out terhadap tingkat demokrasi dan kualitas institusi.

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.

Foreign Direct Investment and Growth Symbiosis: A Semiparametric System of Simultaneous Equations Analysis

2017 ◽  
Vol 7 (1) ◽  
Author(s):  
Nadine McCloud ◽  
Michael S. Delgado ◽  
Subal C. Kumbhakar
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Panel Data ◽  
Direct Investment ◽  
Developing Economies ◽  
Institutional Quality ◽  
Simultaneous Equations ◽  
Asymptotically Normal ◽  
Methodological Tool

AbstractWe characterize the types of interactions between foreign direct investment (FDI) and economic growth, and analyze the effect of institutional quality on such interactions. To do this analysis, we develop a class of instrument-based semiparametric system of simultaneous equations estimators for panel data and prove that our estimators are consistent and asymptotically normal. Our new methodological tool suggests that across developed and developing economies, causal, heterogeneous symbiosis and commensalism are the most dominant types of interactions between FDI and economic growth. Higher institutional quality facilitates, impedes or has no effect on the interactions between FDI and economic growth.

scholarly journals Migration und Geld: Können Remittances den Wohlstand eines Landes fördern?

2018 ◽  
Vol 87 (3) ◽  
pp. 165-179
Author(s):  
Marcus Deetz ◽  
Anna Ammon ◽  
Neele Döpkens
Keyword(s):  
Foreign Direct Investment ◽  
Panel Data ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Home Country ◽  
Positive Influence ◽  
Domestic Product ◽  
Control Variables ◽  
Panel Data Regression ◽  
Data Regression

Zusammenfassung: Haben Remittances, also der Geldtransfer von Migrantinnen und Migranten zur Unterstützung der Familien im Heimatland, einen positiven Einfluss auf den Wohlstand eines Landes? Hierzu können die empirischen Befunde wie folgt zusammengefasst werden: Bei den durchgeführten Paneldatenregressionen von Remittances pro Person auf das Bruttoinlandsprodukt pro Einwohner, wobei die Kontrollvariablen Arbeitslosigkeit, Export, ausländische Direktinvestitionen, Bruttoinvestitionen sowie der Einfluss der Finanzkrise 2008–2009 berücksichtigt wurden, ist der Koeffizient der Variablen Remittances pro Person mit einer Höhe von 0,026 statistisch hochsignifikant. Remittances haben demnach einen positiven Einfluss auf den Wohlstand eines Landes, wenn dieser in Bruttoinlandsprodukt pro Einwohner gemessen wird. Auch die Ergebnisse der Robustheitsanalysen haben den positiven Zusammenhang bestätigt, der auch bei Veränderung von Kontrollvariablen statistisch signifikant bleibt. Summary: Do remittances, that is, the transfer of money from migrants to support families in their home country, have a positive influence on the prosperity of a country? The empirical findings can be summarized as follows: In the panel data regression of remittances per person to the gross domestic product per inhabitant, whereby the control variables unemployment, export, foreign direct investment, gross investment and the influence of the financial crisis 2008–2009 were taken into account, the coefficient of the variable remittances per person is statistically highly significant at 0.026. Thus, remittances have a positive influence on a country’s prosperity when measured in gross domestic product per inhabitant. The results of the robustness analyses also confirmed the positive correlation, which remains statistically significant even if control variables are changed.

scholarly journals Impact of Trade Openness on Economic Growth: A Case Study of Pakistan'

2017 ◽  
Vol 3 (1) ◽  
pp. 57-68
Author(s):  
Rashid Ahmad ◽  
Kashif Raza ◽  
Sobia Saher
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Negative Impact ◽  
Trade Openness ◽  
Capital Formation ◽  
Fixed Capital ◽  
Series Data ◽  
Fixed Capital Formation ◽  
The Impact

Purpose: This paper estimates the impact of trade openness and economic growth in Pakistan by using time series data from period of 1975-2014. Econometric method was applied to estimate the impact of trade openness on economic growth. Gross fixed capital formation (proxy of investment), Foreign direct investment, Imports, Exports & trade openness (proxy of trade openness to check the volume of trade of a country) is used as explanatory variables while gross domestic product is treated as dependent variable in this study. Johansson co. integration approach developed by Johannes & Jeslius (1988) is used to evaluate the long run relationship among variables in this study. The results suggest that trade openness, imports, exports and foreign direct investment cast have positive impact on economic growth while on the other hand; gross fixed capital formation &labor force has negative impact on economic growth.

scholarly journals Analysis of Economic Growth in ASEAN Countries

2020 ◽  
Vol 18 (1) ◽  
pp. 80
Author(s):  
Dina Eka Anggraini ◽  
Wahyu Hidayat Riyanto ◽  
Muhammad Sri Wahyudi Suliswanto
Keyword(s):  
Foreign Direct Investment ◽  
Gross Domestic Product ◽  
Direct Investment ◽  
Trade Openness ◽  
Capital Formation ◽  
Domestic Product ◽  
Consumption Expenditure ◽  
Single Digit ◽  
Asean Countries ◽  
The Government

This studied aims to explained the effect of the variables of inflation, consumption expenditure, capital formation, foreign direct investment, and trade openness on gross domestic product ASEAN countries from 1996 – 2018. This research used a panel regression analyzed method to test the data in getting decisions. The t-statistic test results showed that consumption expenditure, capital formation, foreign direct investment, and trade openness significantly influence the direction of a positive relationship to gross domestic product. However, inflation showed a negative direction and had a significant effect on the gross domestic product so that if there is increased inflation it will reduce gross domestic product. The government can formula a single-digit policy so that there is no decline in the gross domestic product of ASEAN countries.

Institutional quality and foreign direct investment in Ghana

2020 ◽  
Vol 30 (1) ◽  
pp. 109-122 ◽  
Author(s):  
Ibrahim Nandom Yakubu
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Institutional Quality ◽  
Principal Component ◽  
Political Stability ◽  
Single Measure ◽  
Content Type ◽  
Distributed Lag ◽  
Long Run ◽  
The Impact

Purpose This paper aims to investigate the impact of institutional quality on foreign direct investment (FDI) in Ghana for the period 1985-2016. Design/methodology/approach The study uses the autoregressive distributed lag (ARDL) approach to examine the relationship between institutional quality along with other controlled variables and FDI. Findings Evidence from the ARDL framework establishes a positive significant effect of institutional quality on FDI irrespective of the time horizon. The results also reveal a significant impact of inflation on FDI in both short and long run, while GDP per capita growth and trade are significant determinants only in the short run. Practical implications The study recommends the instigation of effective policies and strategies that seek to strengthen the quality of institutions, as this provides a conducive investment climate to attract FDI. Specifically, policies that are focused on promoting transparent legal regimes, regulatory reforms, non-corrupt institutions and political stability should be the precedence of policymakers. Originality/value In addition to being a pioneering work on the impact of institutional quality on FDI in Ghana, the main contribution of the study lies in its application of the principal component analysis to generate a single measure of institutional quality based on a number of institutional factors.

E. ANALISIS PEMBENTUKAN MODAL TETAP BRUTO, INVESTASI ASING LANGSUNG, DAN EKSPOR TERHADAP PENDAPATAN NASIONAL PERKAPITA INDONESIA (DALAM MENGHINDARI MIDDLE INCOME TRAP)

2021 ◽  
Vol 4 (1) ◽  
pp. 47
Author(s):  
Mega Zahira Virtyani ◽  
Dr. Ignatia Martha Hendrati,S.E.,M.E. ◽  
Kiki Asmara,S.E.,MM
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
National Income ◽  
Capital Formation ◽  
Fixed Capital ◽  
Middle Income ◽  
Goods And Services ◽  
Fixed Capital Formation ◽  
Per Capita ◽  
Middle Income Trap

Abstrak Pendapatan Nasional Per Kapita merupakan pendapatan rata-rata semua penduduk di suatu negara. Penelitian ini bertujuan untuk menganalisis pengaruh Pembentukan Modal Tetap Bruto, Investasi Asing Langsung, dan Ekspor Barang dan Jasa terhadap Pendapatan Nasional Per Kapita Indonesia dalam menghindari Middle Income Trap. Metode yang digunakan dalam penelitian ini adalah metode regresi linier berganda dengan menggunakan data Indonesia periode tahun 2008-2019. Hasil penelitian menunjukkan secara bersama-sama variabel Pembentukan Modal Tetap Bruto, Investasi Asing Langsung, dan Ekspor Barang dan Jasa berpengaruh secara signifikan. Tetapi secara parsial, hanya Pembentukan Modal Tetap Bruto yang memiliki tingkat signifikan. Sedangkan, Ekspor Barang dan Jasa dan Investasi Asing langsung tidak berpengaruh secara signifikan. Upaya yang dapat dilakukan dalam menghindari Middle Income Trap yaitu Pembentukan Modal Tetap Bruto, Investasi Asing Langsung, dan Ekspor Barang dan Jasa meningkat secara bersama-sama agar dapat memberikan nilai tambah produktivitas terhadap Pendapatan Nasional Indonesia. Kata Kunci : Pembentukan Modal Tetap Bruto, Investasi Asing Langsung, Ekspor, Pendapatan Nasional Per Kapita, Jebakan Pendapatan Menengah. Abstract National Income Per Capita is the average income of all residents in a country. The purposes of this research are determine the effect of Gross Fixed Capital Formation, Foreign Direct Investment, and  Exports of Goods and Services on Indonesia's National Income Per Capita in avoiding Middle Income Trap. The method that used in this research is multiple linear regression method using Indonesian data for 2008-2019. The results of this research show that the variables of Gross Fixed Capital Formation, Foreign Direct Investment, and  Exports of  Goods and Services have a significant effect at the same time. Partially, only Gross Fixed Capital Formation has a significant level. Meanwhile, Exports of Goods and Services and Foreign Direct Investment do not have a significant effect. The efforts that can be made to avoid Middle Income Traps, are Gross Fixed Capital Formation, Exports of Goods and Services, and Foreign Direct Investment can be increase at the same time to give extra value for the productivity to Indonesia's National Income. Key Word : Gross Fixed Capital Formation, Foreign Diret Investment, Gross National Income Per Capita, Middle Incom Trap.

scholarly journals The Influences of FDI, GFCF, OPEN on Vietnamese Economic Growth

2021 ◽  
Vol 12 (3) ◽  
pp. 1-13
Author(s):  
Toan Duc Le ◽  
Phu Huu Nguyen ◽  
Yen Thi Phi Ho ◽  
Thuyen Ngoc Nguyen
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
World Bank ◽  
Direct Investment ◽  
Trade Openness ◽  
Capital Formation ◽  
Fixed Capital ◽  
Annual Data ◽  
Fixed Capital Formation ◽  
Short Run

The aim of study is to research the influences of Foreign Direct Investment (FDI), Gross Fixed Capital Formation (GFCF), Trade Openness of the Economy (OPEN) on Vietnam economic growth. This study uses the annual data for the period 1986 to 2019, obtained from World Bank and Vietnam General Statistics Office. The study shows that FDI, GFCF and OPEN together influence to Vietnam economic growth in the period 1986 – 2019 at significant level of 5%; in which the FDI and GFCF determinants have influenced greatly. In the short–run, the results indicate that there are bidirectional causality relationships running between FDI and GDP, OPEN and GDP, OPEN and GFCF, and there are undirectional causality relationships running from GDP to GFCF, from GFCF to FDI, from FDI to OPEN. The study’s results confirm that FDI as more reliable and less violate source of capital and can extend the Vietnam economic growth. According to the study’s results, the authors suggest some recommendations to increase the Vietnam economic growth.

scholarly journals Impact of Foreign Direct Investment on Economic Growth of Nepal

2019 ◽  
Vol 33 (2) ◽  
pp. 73-80
Author(s):  
Shiva Prasad Pokharel ◽  
Bishnu Prasad Pokharel
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Gross Domestic Product ◽  
Granger Causality ◽  
Unit Root ◽  
Direct Investment ◽  
Unit Root Test ◽  
Granger Causality Test ◽  
Capital Formation ◽  
Causality Test

 This paper aims to investigate the impact of Foreign Direct Investment (FDI) on the economic growth of Nepal for the period 2008/09 to 2017/18 A.D. yearly data. It evaluated the Gross Domestic Product (GDP) performance and the trends of FDI and Gross Fix Capital Formation (GFCF) in Nepal. To demonstrate the relationship between Nepalese Gross Domestic Product (GDP) and Foreign Direct Investment (FDI) and Gross Fix Capital Formation (GFCF) Multiple-Regression-Model has been applied along with various econometrics techniques such as Unit-Root Test, Granger-Causality Test and Ordinary Least Square (OLS). GDP in this model is used as dependent variable whereas FDI and GFCF are measured as independent variables. According to the results, Unit Root Test indicated that all the variables included in the model were not stationary at level except FDI, whereas GDP and GFCF are stationary at first difference. The model is overall significant with the positive and significant relationship of GDP, FDI and GFCF. Result also indicate a good fit for the model with R2=86%. The Granger Causality Test revealed that there was no causality between the variables since all p-value obtained are more than 5%. Based on the empirical result of this paper, policy recommendation proposed that for Nepal to generate more foreign direct investment, hard work should be made at solving problems of government involvement in business; relative closed economy; corruption; weak public institutions; and poor external image, and political instability.

scholarly journals ‎ The Influence of Human Development, Institutional Quality and ‎ISIS Emergence on Foreign Direct Investment in Iraq ‎

2020 ◽  
Vol 10 ◽  
pp. 318-332
Author(s):  
Zeravan Abdulmuhsen Asaad ◽  
Bayar MohamedRasheed Marane
Keyword(s):  
Foreign Direct Investment ◽  
Human Development ◽  
Direct Investment ◽  
Institutional Quality ◽  
Political Stability ◽  
Positive Sign ◽  
Islamic State ◽  
Fdi Inflows ◽  
Explanatory Variables ◽  
Governance Indicators

This study investigates the influence of human development and institutional quality on the foreign direct investment net inflows on the gross domestic product in Iraq for the period (2004-2016) by using OLS regression. The empirical results show that governance sub-indicators do not actually matter much in attracting Foreign Direct Investment (FDI) inflows in Iraq. This variable shows fixed results with a different sign; the Political Stability (PS), Government Effectiveness (GE) and Rule of Law (RL) are the sub-indicators of the governance with a positive sign which is insignificant, while the Voice and Accountability (VA), Regulatory Quality (RQ) and Control of Corruption (CC) are the sub-indicators of the governance index with a negative sign and an insignificant impact on FDI inflows. The value of Worldwide Governance Indicators (WGI) coefficient is negative and significant at 10% level. Hence it has been concluded that the explanatory variables are negatively associated with the dependent variable FDI. In contrast, the Human Development Index (HDI) has a positive and significant impact on FDI inflows. This study found that Islamic State of Iraq and Syria (ISIS) emergence after (2013) had a significant coefficient, meaning that ISIS has affected the level of FDI inflows.

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