Financial Development Threshold Levels for FDI: Evidence from Selected Upper-Middle Income Countries

2017 ◽  
Author(s):  
Kunofiwa Tsaurai ◽  
Daniel Makina
Keyword(s):  
Financial Development ◽  
Middle Income ◽  
Threshold Levels ◽  
Middle Income Countries ◽  
Development Threshold

Revisiting the link between financial development and industrialization: evidence from low and middle income countries

2020 ◽  
Author(s):  
Gouthami Kothakapa ◽  
Samyukta Bhupatiraju ◽  
Rahul A. Sirohi
Keyword(s):  
Financial Development ◽  
Middle Income ◽  
Middle Income Countries ◽  
Low And Middle Income

ICT Diffusion, Financial Development and Economic Growth: New Evidence from Low and Lower Middle-Income Countries

2016 ◽  
Vol 9 (3) ◽  
pp. 928-947 ◽  
Author(s):  
Anupam Das ◽  
Murshed Chowdhury ◽  
Sariah Seaborn
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Middle Income ◽  
Middle Income Countries ◽  
New Evidence

scholarly journals The Influence of Political and Social Globalisation on Foreign Direct Investment Inflow in Developing Countries: The Role of Financial Development as a Moderating Factor

2021 ◽  
Vol 16 (1) ◽  
pp. 297-322
Author(s):  
Marhamah Mohd Rafidi ◽  
◽  
Jamaliah Said ◽  
Naila Erum ◽  
Farha Abdol Ghapar ◽  
...  
Keyword(s):  
Developing Countries ◽  
Foreign Direct Investment ◽  
Financial Development ◽  
Direct Investment ◽  
Cross Sectional ◽  
Middle Income ◽  
Middle Income Countries ◽  
Cross Sectional Dependence ◽  
The Impact

This study presents the effect of political and social globalisation on Foreign Direct Investment (FDI) inflow in developing countries. The eminence of decomposed globalisation element in the FDI area is argued here. New insights into empirical evidence are offered by dropping economic globalisation as one of the decomposed components. A panel data of 42 developing countries from 1984 until 2016 was used by applying the CSARDL approach. The study is also on the impact of political and social globalisation in developing countries by splitting them into two income stratification: Upper Middle-income Countries and Lower Middle-Income Countries by incorporating financial development as a moderating variable. It documents that political globalisation postulates a U-shaped relationship after addressing the Cross-Sectional Dependence (CD) problem, while social globalisation reverses the U-shaped relationship. It was found that political globalisation and social globalisation are conditional to the level of income rather than the overall developing countries’ stream. Besides, the prominent role of financial development in promoting FDI inflow, especially to income level, was observed. We suggest that developing countries should increase the capacity to absorb political and social globalisation in promoting FDI. Keywords: FDI inflow, globalisation, political globalisation, social globalisation, financial development, CS-ARDL

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