scholarly journals DYNAMICS OF INFLUENCE OF FOREIGN INVESTMENT FLOWS ON REGIONAL PRODUCTION

2020 ◽  
Author(s):  
Liubov Vodianka ◽  
Vira Kozak ◽  
Jaroslav Melnyk
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Time Lag ◽  
Distributed Lag ◽  
Distributed Lag Models ◽  
Comparison Time ◽  
Western Ukraine ◽  
Lag Period ◽  
Regional Product ◽  
Made In

Peculiarities of regional processes of foreign direct investment impact on the gross domestic product of Western Ukraine and Chernivtsi region, taking into account a time lag, are reviewed in this article. Considering the fact that investment processes are enough complicated phenomenon to understand in the course of which different kinds of changes occur, the relevance and importance of establishing a pattern of their behavior is increasing. Economical and mathematical tools, in particular Almon distributed lag models which allow to estimate the discrete lag influence of determinants can be used to achieve this. In the course of the study, the Almon distributed lag models were constructed separately for the comparison, time lag interval boundaries were set, the main features of the discrete time lag distribution during the lag period were determined, and the economic and mathematical models of the distributed lag for the effects of foreign direct investment on the gross regional product of Chernivtsi region Western Ukraine were built. On the basis of the obtained results, conclusions about economic multiplier processes of the investment were made in the context of individual territories and the main trends of the investment flow return were defined.

scholarly journals Modeling the Impact of Foreign Investment Flows Taking into Account Time Lags in the Context of their Impact on the Regional Production

2020 ◽  
Vol 8 (6) ◽  
pp. 1835-1839
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Time Lag ◽  
Time Lags ◽  
Distributed Lag ◽  
Distributed Lag Models ◽  
Comparison Time ◽  
Western Ukraine ◽  
Regional Product ◽  
The Impact

Peculiarities of regional processes of foreign direct investment impact on the gross domestic product of Western Ukraine and Chernivtsi region, taking into account a time lag, are reviewed in this article. Considering the fact that investment processes are enough complicated phenomenon to understand in the course of which different kinds of changes occur, the relevance and importance of establishing a pattern of their behavior is increasing. Economical and mathematical tools, in particular Almon distributed lag models which allow to estimate the discrete lag influence of determinants can be used to achieve this. In the course of the study, the Almon distributed lag models were constructed separately for the comparison, time lag interval boundaries were set, the main features of the discrete time lag distribution during the lag period were determined, and the economic and mathematical models of the distributed lag for the effects of foreign direct investment on the gross regional product of Chernivtsi region Western Ukraine were built. On the basis of the obtained results, conclusions about economic multiplier processes of the investment were made in the context of individual territories and the main trends of the investment flow return were defined.

scholarly journals Causal Links between Trade Openness and Foreign Direct Investment in Romania

2021 ◽  
Vol 14 (3) ◽  
pp. 90
Author(s):  
Malsha Mayoshi Rathnayaka Mudiyanselage ◽  
Gheorghe Epuran ◽  
Bianca Tescașiu
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Trade Openness ◽  
Test Procedure ◽  
Real Effective Exchange Rate ◽  
Foreign Direct Investments ◽  
Causality Test ◽  
Fdi Inflows ◽  
Distributed Lag ◽  
Long Run

In this increasingly globalized era, foreign direct investments are considered to be one of the most important sources of external financing for all countries. This paper investigates the causal relationship between trade openness and foreign direct investment (FDI) inflows in Romania during the period 1997–2019. Throughout this study, Trade Openness is the main independent variable, and Gross Domestic Product (GDP), Real Effective Exchange Rate (EXR), Inflation (INF), and Education (EDU) act as control variables for investigating the relationships between trade openness (TOP) and FDI inflow in Romania. The Auto Regressive Distributed Lag (ARDL) Bounds test procedure was adopted to achieve the above-mentioned objective. Trade openness has negative and statistically significant long-run and short-run relationships with FDI inflows in Romania throughout the period. Trade openness negatively affects the FDI inflow, which suggest that the higher the level of openness is, the less likely it is that FDI will be attracted in the long run. The result of the Granger causality test indicated that Romania has a unidirectional relationship between trade openness and FDI. It also showed that the direction of causality ran from FDI to trade openness.

scholarly journals FOREIGN DIRECT INVESTMENT IN INDIA: A TREND ANALYSIS

10.36713/3205 ◽  
2020 ◽  
pp. 57-64
Author(s):  
Rudresha C. E
Keyword(s):  
International Economic ◽  
Foreign Direct Investment ◽  
Economic Integration ◽  
Growth And Development ◽  
Direct Investment ◽  
Policy Reforms ◽  
New Economic Policy ◽  
Fdi Inflows ◽  
Indian Economy ◽  
Made In

International economic integration plays a significant role in the growth and development of any country, whether rich or poor. And foreign direct investment (FDI) is one of the major components in the process of achieving international economic integration in any economy. As is known, FDI serves as a link between investment and savings. This is true even in the case of India which is facing the deficit of savings and which can be addressed with the help of FDI. It (i.e., FDI) also helps in raising the growth and development of the economy. India is one of the leading markets at the global level. It has emerged as one of the attractive destinations in the world with a significant change in the inflow of FDI. The journey of FDI is very interesting with the introduction of liberalized policy through new economic policy 1991 and also other policy reforms of Government of India. It has witnessed a drastic change in the inflow and direction of foreign investment in Indian economy. In this backdrop, an attempt is made in this paper to examine country-wise, sector-wise and region-wise FDI inflows in Indian economy during last 19 years, 2000-01 to 2018-19. KEY WORDS: Economic Integration, Foreign Direct Investment, Developing Nations, Savings, Policy Reforms

scholarly journals Dynamic of Foreign Direct Investment (FDI) Relationship, Macroeconomic Stability and Return of Shares Index in Four Asen Countries

2021 ◽  
Vol 9 (1) ◽  
pp. 38-55
Author(s):  
Fisit Suharti ◽  
M. Zidny Nafi' Hasbi
Keyword(s):  
Foreign Direct Investment ◽  
Interest Rates ◽  
Capital Market ◽  
Direct Investment ◽  
Market Integration ◽  
Stock Index ◽  
Bounds Testing ◽  
Distributed Lag ◽  
Asean Countries

Southeast Asian countries are looking forward to capital market integration. The presence of this momentum requires stable economic conditions in each country and an attractive capital market. This momentum is also an opportunity for the Islamic capital market to be further developed in this region. This study aims to examine the effects of Foreign Direct Investment (FDI) and macroeconomic variables, namely economic growth, inflation, reference interest rates and exchange rates on the return of the Islamic stock index in four ASEAN countries, namely Indonesia, Malaysia, Thailand and Singapore. The research period since four quarter of 2006 until the first quarter of 2020. The method used in empirical evidence in this study is the Autoregressive Distributed Lag Bounds Testing Approach (ARDL). This study found a long-term co-integration relationship in all research object countries. In terms of long-term relationships and short-term dynamics, this study finds variations in yield and direction coefficients in 4 ASEAN countries. The speed of readjustment of balance in case of shocks, respectively, is 44.7%, 65.4%, 43.5% and 50.0% per month.

DO INTERNATIONAL FLOWS INCREASE ENROLLMENT RATES?

2015 ◽  
Vol 20 (4) ◽  
pp. 1051-1072
Author(s):  
Arusha Cooray
Keyword(s):  
Foreign Direct Investment ◽  
Government Policy ◽  
Direct Investment ◽  
Time Lag ◽  
Financial Sector ◽  
Development Aid ◽  
Enrollment Rates ◽  
The Impact ◽  
Positive Effect ◽  
Overseas Development

This study examines the influence of foreign direct investment (FDI), overseas development aid (ODA), and remittances on the enrollment of girls and boys in 103 countries over the years 1970–2011. The results suggest that remittances have a contemporaneous robust significant influence on enrollment, with the positive effect being slightly higher for girls than for boys. FDI and ODA have an influence on the enrollment of girls and boys only after a significant time lag. The results also suggest that the impact of remittances on enrollment is increased through income and a well-developed financial sector; FDI through better institutions and a well-developed financial sector; and ODA through better government policy.

FOREIGN DIRECT INVESTMENT IN LATVIA

2019 ◽  
pp. 97
Author(s):  
Elīna Vanaga
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Voting Rights ◽  
Internet Resources ◽  
The Subject ◽  
A Company ◽  
Made In

The paper deals with foreign direct investment in Latvia. The investigated problem is investments made in the form of an investor in order to acquire a qualifying holding (ownership that represents at least 10% of ordinary shares or voting rights) in a company (direct investment enterprise). These include investments in equity and debt instruments. As the aim of this work, the author proposed researching literature and internet resources on the subject and drawing conclusions and suggestions

FISCAL TRANSPARENCY AND FOREIGN DIRECT INVESTMENT IN CHINA

2018 ◽  
Vol 63 (04) ◽  
pp. 839-859 ◽  
Author(s):  
JR-TSUNG HUANG ◽  
MING-LEI CHANG
Keyword(s):  
Foreign Direct Investment ◽  
Spatial Dependence ◽  
Local Governments ◽  
Direct Investment ◽  
Foreign Capital ◽  
Explanatory Variables ◽  
Fiscal Transparency ◽  
Primary Finding ◽  
Regional Product ◽  
Investment In China

This study aims to explore the influence of fiscal transparency on foreign direct investment (FDI, hereafter) in China under the consideration of the spatial dependence of FDI. The study adopts panel data for 30 provinces from 2010 to 2014 to estimate a one-way fixed-effect spatial Durbin model. The primary finding of this study is that a higher level of fiscal transparency will attract more FDI, while keeping other factors constant and considering the spatial dependence of FDI. Other explanatory variables, such as gross regional product and the density of railways, also have statistically significant influences on FDI. Consequently, this study suggests that the Chinese local governments should improve their fiscal transparency in order to attract more foreign capital and further stimulate their economic development as well as China’s economic growth as a whole.

scholarly journals Effects of foreign direct investment on economic growth in Ghana: the role of institutions

2021 ◽  
Vol 20 (1) ◽  
pp. 23-34
Author(s):  
Evans Kulu ◽  
Samuel Mensah ◽  
Prince Mike Sena
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Secondary Data ◽  
Output Growth ◽  
Data Series ◽  
Development Indicators ◽  
Distributed Lag ◽  
The Impact

The role of institutions in both the inflow and the impact of foreign direct investment is of great im¬portance. The quality of institutions in a country can direct investment towards improving growth. This paper analyzes the individual and combined effect of foreign direct investment and institutions on economic growth in Ghana. The paper used the Auto Regressive Distributed Lag (ARDL) tech¬nique for secondary data obtained from 1995 to 2019. All data series, except for the quality institution index, were drawn from the World Bank Development Indicators. Institutional Quality Index data was obtained from the Heritage Foundation’s Economic Freedom Index website. The results of the ARDL model indicate that foreign direct investment and a quality institutional index together have a significantly positive effect on a country’s economic growth compared to their individual effects in both the short and long run. The study recommends that government policies should be aimed at attracting foreign direct investment while strengthening institutions and regulations to enhance output growth.

scholarly journals Estimation of Uneven Development of Lithuanian Regions

Ekonomika ◽  
2005 ◽  
Vol 72 ◽  
Author(s):  
Diana Cibulskiene ◽  
Mindaugas Butkus ◽  
Kristina Matuzeviciūtė
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Uneven Development ◽  
Gross Regional Product ◽  
Basic Parameters ◽  
Separate Region ◽  
Per Capita ◽  
Divergent Development ◽  
Regional Product

The researchers have aimed to analyse the processes of divergent development of Lithuanian regions by estimating the basic parameters of the process of interregional stratification. We have carried out an estimation of the process of differentiation using three parameters: per capita gross regional product (further GRP), per worker GRP and per capita foreign direct investment (further FDI) in a separate region. Using these indicators and the economic classical con vergence-divergence approaches of analysis, the principal dimensions of the unequal development of territorial units in Lithuania have been assessed.

scholarly journals Financial Development and Economic Growth: Evidence from Nepal

2020 ◽  
Vol 32 (1) ◽  
pp. 15-36
Author(s):  
Ramesh C. Paudel ◽  
Chakra Pani Acharya
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Financial Development ◽  
Direct Investment ◽  
Banking Sector ◽  
Time Series Data ◽  
Series Data ◽  
Distributed Lag ◽  
Domestic Credit ◽  
Good Policy

This paper aims to examine the role of financial development and economic growth in Nepal employing Autoregressive distributed lag (ARDL) approach of cointegration using time series data for the period from 1965 to 2018. Nepal is a unique country with big markets in the neighbors-India and China but remains as one of the poor landlocked developing countries, even being the earlier entrant in liberalization and reform. Nepal recently went through a substantial political transition and now the stable government is seeking substantial amount of foreign direct investment. In this background, it will be better, for a good policy analysis, to know how the financial activities have played the role in highly intended economic growth. We develop a model with five proxies of financial development (broad money, domestic credit to private sector, total credit from banking sector, capital formation, and foreign direct investment); and econometrically test their contribution in economic growth. Overall, the results suggest that financial development causes to economic growth substantially, except in the case of foreign direct investment. This result warns the policy makers to be more serious making investment friendly economy to attract the expected foreign direct investment.

Sign in / Sign up

Export Citation Format

Share Document