Effect of Economic Complexity on Services Export Diversification: Do Foreign Direct Investment Inflows Matter?

Empirical Analysis ◽

Direct Investment ◽

Export Diversification ◽

Complex Products ◽

Economic Complexity ◽

High Penetration ◽

Goods Market ◽

The Empirical Analysis ◽

Foreign Direct Investment Inflows

Abstract This article has examined the effect of economic complexity on services export diversification. It has built on two arguments. The first one draws from Eichengreen and Gupta (2013b) and states that countries that export complex products would have a high penetration in the international goods market, and establish a network that could be exploited to expand their range of services export items. Second, by inducing higher inflows of foreign direct investment (FDI), greater economic complexity could contribute to fostering services export diversification. The empirical analysis supported these two arguments. The implications of the outcomes are discussed in the conclusion.

Aid for Trade, Foreign Direct Investment and Export Upgrading in Recipient Countries

Journal of International Commerce Economics and Policy ◽

10.1142/s1793993317500107 ◽

2017 ◽

Vol 08 (02) ◽

pp. 1750010 ◽

Cited By ~ 20

Author(s):

Sèna Kimm Gnangnon ◽

Michael Roberts

Keyword(s):

Quality Improvement ◽

Empirical Analysis ◽

Direct Investment ◽

Development Strategies ◽

Export Diversification ◽

Financial Flows ◽

Fdi Inflows ◽

Aid For Trade ◽

This paper examines empirically whether Aid for Trade (AfT) programs and Foreign Direct Investment (FDI) inflows affect export upgrading and, if so, whether their effects are complementary or substitutable. The empirical analysis suggests that AfT and FDI do affect export upgrading, namely export diversification and export quality improvement. Moreover, there is a significant interplay between these two financial flows in affecting export upgrading in recipient countries. The importance of this interplay should be taken into account by policymakers of recipient countries when they are devising both export development strategies and policies/institutions that affect FDI inflows into their countries.

The empirical analysis on the relationship between foreign direct investment and China's service industry growth efficiency

The 2nd International Conference on Information Science and Engineering ◽

10.1109/icise.2010.5691051 ◽

2010 ◽

Author(s):

Li-ping Zhu ◽

Yang Xu-biao

Keyword(s):

Empirical Analysis ◽

Direct Investment ◽

Service Industry ◽

Growth Efficiency ◽

Industry Growth ◽

The Relationship ◽

How Foreign Direct Investment Influences Carbon Emissions, Based on the Empirical Analysis of Chinese Urban Data

Sustainability ◽

10.3390/su10072163 ◽

2018 ◽

Vol 10 (7) ◽

pp. 2163 ◽

Cited By ~ 21

Author(s):

Yang Zhou ◽

Jintao Fu ◽

Ying Kong ◽

Rui Wu

Keyword(s):

Empirical Analysis ◽

Carbon Emissions ◽

Direct Investment ◽

The Empirical Analysis ◽

Urban Data

2011 IEEE 2nd International Conference on Software Engineering and Service Science ◽

Notice of Retraction: The empirical analysis on the relationship between foreign direct investment and quality of employment in Shanghai's service industry

10.1109/icsess.2011.5982325 ◽

2011 ◽

Author(s):

Zhu Li-ping ◽

Yang Xu-biao

Keyword(s):

Empirical Analysis ◽

Direct Investment ◽

Service Industry ◽

The Relationship ◽

Foreign Aid—Blessing or Curse: Evidence from Pakistan

The Pakistan Development Review ◽

10.30541/v46i3pp.215-240 ◽

2007 ◽

Vol 46 (3) ◽

pp. 215-240 ◽

Cited By ~ 9

Author(s):

Muhammad Arshad Khan ◽

Ayaz Ahmed

Keyword(s):

Economic Growth ◽

Economic Development ◽

Foreign Aid ◽

Empirical Analysis ◽

Direct Investment ◽

Domestic Investment ◽

Socio Economic Development ◽

The role of foreign aid in promoting economic growth is a debatable issue and remains unsettled at both theoretical and empirical levels. Pakistan has received a substantial amount of foreign aid since its Independence in 1947 but little improvement has been observed in its socio-economic development. This study considers the question as to whether foreign aid is a blessing or a curse for Pakistan. The empirical analysis is based on the ARDL cointegration approach. We examine the aid-growth link at the aggregate and disaggregate levels for the period 1972-2006. The results show negative and insignificant effects of foreign aid on the growth at the aggregate as well at the disaggregate level. The findings further suggest that domestic investment, export growth, and inflows of foreign direct investment are important contributors in enhancing economic growth in Pakistan.

Empirical analysis of the effects of foreign direct investment inflows on Nigerian real economic growth: Implications for sustainable development goal-17

Cogent Social Sciences ◽

10.1080/23311886.2020.1727621 ◽

2020 ◽

Vol 6 (1) ◽

pp. 1727621 ◽

Cited By ~ 2

Author(s):

Babatunde A. Giwa ◽

Emmanuel O. George ◽

Henry Okodua ◽

Oluwasogo S. Adediran

Keyword(s):

Economic Growth ◽

Sustainable Development ◽

Empirical Analysis ◽

Direct Investment ◽

Sustainable Development Goal ◽

Development Goal ◽

Foreign Direct Investment Inflows

Determinants Of Foreign Direct Investment: Taiwan, 1965 - 1993

Journal of Applied Business Research (JABR) ◽

10.19030/jabr.v17i2.2073 ◽

2011 ◽

Vol 17 (2) ◽

Author(s):

Yingshing Lin ◽

Michael Szenberg ◽

Thomas J. Webster

Keyword(s):

Interest Rates ◽

Empirical Analysis ◽

Foreign Exchange ◽

Capital Accumulation ◽

Direct Investment ◽

Underlying Structure ◽

The Individual ◽

Manufacturing Growth ◽

This study empirically investigates the relationship between changes in macroeconomic and microeconomic (firm-specific) determinants and changes in foreign direct investment made by Taiwanese firms.  The empirical analysis presented in this paper confirms that at the macroeconomic level of generality increases in Taiwanese foreign direct investment the period 1965-1993 resulted from rapid capital accumulation, which encouraged the development of capital-intensive industries, the accumulation of manufacturing intangible assets, and labor shortages.   At the level of the individual firm, the empirical analysis presented in this paper verifies that an appreciating foreign-exchange rate, higher export profits, wider differential economic growth  and international interest rates were important determinants in the decisions of firm management to invest overseas.  The analysis indicates that while changes in foreign-exchange rates and capital controls were important in affecting the volume of foreign direct investment changes in the underlying structure of the Taiwanese economy played a more significant role.  Specifically, Taiwanese manufacturing growth in previous decades developed specific industrial strengths, which enabled Taiwanese enterprises to exploit comparative advantages in production and management methods to compete effectively in international markets.