scholarly journals The Relationship between Trade Openness, Foreign Direct Investment and Economic Growth in West Africa: Static Panel Data Model

2020 ◽  
Vol 08 (01) ◽  
pp. 18-34
Author(s):  
John Wiredu ◽  
Emmanuel Nketiah ◽  
Mavis Adjei
2012 ◽  
Vol 7 (1) ◽  
pp. 75
Author(s):  
Joko Susanto

This research analysis the factors’ that determine the foreign directinvestment (FDI) in ASEAN’s countries especially Indonesia, Malaysia, Philippine and Thailand during 1990-2009. Multinational Enterprises’ (MNE) must decideto choose a locationfor relocating its’ factory by market seeking dan resources seeking strategy. Based on this statement, it can be obtained the regression equation with foreign direct investment is a function of market size, worker’s productivity and infrastructure of road. Statistical data of UNESCAP was used in this research. The regression was base on the panel data model, while the estimation was based on common effects model. This results showthat the market size, worker’s productivity and availability of infrastructure road could be an importance consideration for MNE’s in their choice for FDI.Keywords: foreign direct investment, market size, worker’s productivity, infrastructure of road


2019 ◽  
Vol 67 (3-4) ◽  
pp. 312-333
Author(s):  
Areej Aftab Siddiqui ◽  
Parul Singh

This study develops an information and communication technology (ICT) penetration index and examines the link between ICT penetration and economic growth, trade openness and foreign direct investment in major trading nations from 2001 to 2018. The nations have been selected based on total trade volume. The ICT penetration index constructed for the major trading nations is based on trade of ICT goods and services, Internet use, mobile and broadband subscriptions using principal component analysis. Based on the new endogenous growth model, co-integration and panel regression are applied to determine the relationship between ICT penetration, trade openness and economic growth. A few other control variables such as financial development and foreign direct investment are also considered to assess the relationship between growth, trade openness and ICT penetration along with cross-country effects. It is seen that there exists a relationship between ICT penetration, economic growth, trade openness and foreign direct investment for the selected countries, with emerging and high-income countries showing a significant relationship between ICT penetration and growth, while countries are focusing on enhancing the role of ICT in trade.


2021 ◽  
pp. 1-25
Author(s):  
Hsiang-Hsi Liu ◽  
Pitprapha Dejphanomporn

Abstract Foreign direct investment (FDI) has played an important role in the evolution of globalization and is the cornerstone of industrial expansion and economic development. From 1988 to 1990 till now, Thailand has been one of the main destinations of FDI, namely inward FDI (IFDI). However, outward foreign direct investment (OFDI) increased rapidly from 2003 to 2011, and it continues to grow. Although initially a net importer, Thailand has transformed into a net exporter of direct investment in 2011. Since 2003, Thailand has entered a stage of re-emergence of OFDI, and this growth trend of OFDI will continue in the future. The purpose of this study is to investigate the main determinants of Thailand's IFDI and OFDI, and apply a panel data model to determine which determinants have a significant impact on Thailand's IFDI and OFDI. We considered the FDI flows between Thailand and its five FDI partners (Japan, Hong Kong, the Netherlands, Singapore and the United States) from 1997 to 2014, where IFDI was 1997-2014, and 2004-2014 was OFDI. Regarding the determinants of Thailand's IFDI and OFDI, the market size (relative per capita GDP), Thailand's openness, relative R&D intensity and bilateral trade agreements have a positive impact on FDI decisions for both IFDI and OFDI. Relative wages and geographic distance have opposite effects on Thailand's IFDI and OFDI. Specifically, our empirical results show that market size is the most important determinant of IFDI inflows into Thailand, while the most important determinant of Thai OFDI is bilateral trade agreements. JEL classification numbers: F14, F23, F43. Keywords: Foreign Direct Investment, Panel Data Model, Fixed Effects, Generalized Least Squares (GLS).


2012 ◽  
Vol 524-527 ◽  
pp. 3235-3240
Author(s):  
Jie Tang ◽  
Zhong Ying Qi ◽  
Chun Hong Li ◽  
Ping Ping Fu

This paper examines the relationship between carbon emissions per capita and economic growth, carbon emissions intensity and economic growth from the perspective energy consumption for the period 1990-2008 respectively. Empirical results reveal that there exist long term cointegration between carbon emissions, regional economy growth and energy consumption in China. We apply dynamic and static panel data model to estimate the curved shape of the relationship between economy and carbon emissions while considering energy consumption respectively. We find that the curved shape is inverted “N” in static panel data model and dynamic panel data model, rather than inverted “U”. Finally this paper gives some suggestions that policy-makers can take different implementation of energy reduction and promote low carbon economic development.


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