Academic literature on the topic 'Foreign direct investment economic growth Russian economic development'
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Journal articles on the topic "Foreign direct investment economic growth Russian economic development"
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Zvonova, E. A., V. Ya Pishchik, and P. V. Alekseevc. "Optimization of the Activities of Institutions Promoting Investment in the sustainable Economic Growth of Russia." Finance: Theory and Practice 25, no. 4 (2021): 110–20. http://dx.doi.org/10.26794/2587-5671-2021-25-4-110-120.
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The article examines and assesses the problem of the investment deficit in the Russian economy, which has acquired particular relevance due to the coronavirus crisis caused by the pandemic. The study aims to develop practical recommendations for Russian state bodies to stimulate the investment process in the Russian economy and improve the efficiency of measures taken by the state to ensure the country’s socio-economic development. The objectives of this paper are to analyze the directions of optimization and prioritization of investment of resources during the economic recession caused by the coronavirus crisis using investment lending and project financing instruments, as well as to analyze and assess the ongoing reform of development institutions based on the state corporation “VEB.RF”. The research methodology includes an analysis of the regulatory legal framework, statistical information, official reports of state bodies, development institutions, scientific monographs and publications of Russian scientists, periodicals. The authors analyzed the trends and problems of the investment process in the Russian economy, including in the field of attracting foreign direct investment. Attention is paid to the ongoing reform of development institutions aimed at enhancing the role of the state development corporation “VEB.RF” in stimulating investment. The authors conclude that it is necessary to take a set of functional, instrumental, and institutional measures aimed at stimulating investment and ensuring sustainable socio-economic development of Russia. In particular, in the context of a shortage of domestic sources of financing for long-term investments, it is important to provide regulatory macroeconomic support for the inflow of foreign direct investment into the Russian economy. In this regard, the authors propose to change the monetary policy strategy to increase the stimulating role of refinancing of credit institutions and the projected exchange rate in attracting domestic and foreign long-term investments and ensuring sustainable development of the Russian economy. The authors also propose to increase the role of foreign exchange regulation and foreign exchange control in stimulating investment and ensuring sustainable socio-economic development of Russia.
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Petrov, Alexander, Maria Baynova, and Jialihasi Jiaerheng. "Features of Russian and Chinese Direct Investments in Kazakhstan." Spatial Economics 18, no. 1 (2022): 148–67. http://dx.doi.org/10.14530/se.2022.1.148-167.
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The purpose of the article is to analyze the results of current theoretical and empirical studies of the socio-institutional environment of Russian and Chinese direct investments in Kazakhstan. One of the features of foreign direct investment is the fact that foreign investor companies are always forced to adapt as effectively as possible to the socio-institutional environment of the country where they invest funds. Foreign direct investment is an important factor in the modernization of production and economic development, can contribute to the growth of employment and income of the population. In fact, they show how much foreign investors trust the economy of a particular country, and for Kazakhstan it is also an important indicator of the role of Russia and China in its modern economic development. The results of modern investment research allow us to conclude that there is increasing competition between Russia and China in the promotion and implementation of investment projects in Central Asia and Kazakhstan. However, the success of these projects depends not only on the effectiveness of the efforts of governments and corporations aimed at promoting them in the region as a whole, but also on how these investments are perceived by the Kazakh society. The article analyzes the different points of view of modern Kazakh, Russian, Chinese and Western researchers analyzing the specifics of the relationship between society and business with the state in the globalizing economy of Kazakhstan, economic and historical factors, socio-institutional aspects of reducing compliance risks and features of labor organization that determine the stability and sustainability of economic development
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Yubo, Wang. "CLASSIFICATION AND ASSESSMENT OF FACTORS AFFECTING CHINA’S DIRECT INVESTMENT IN THE RUSSIAN SOYBEAN MARKET." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 3/7, no. 144 (2024): 89–99. http://dx.doi.org/10.36871/ek.up.p.r.2024.03.07.011.
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This article thoroughly examines the factors influencing China’s direct foreign investment in the Russian soybean market, utilizing the theory of investment-induced factor combination and concepts of sustainable development for analysis. After critically reviewing existing literature, the article highlights previous research’s oversight of the interplay among political, economic, technological, logistical, socio-cultural, and environmental factors. The study emphasizes the importance of considering these factors comprehensively to deeply understand the complexity and diversity of China’s investments in the Russian soybean market. The conclusion suggests that future research should further explore how to optimize investment strategies to achieve sustainable and healthy development of the Russian soybean market, ensuring that investment activities align with global sustainable development goals and promote mutual economic growth, social development, and environmental protection between China and Russia.
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SONG, Jiaxue, Elena G. KNYAZEVA, and Ekaterina Yu POLYAKOVA. "Russian-Chinese financial cooperation: Development trends and prospects." Finance and Credit 28, no. 6 (2022): 1288–307. http://dx.doi.org/10.24891/fc.28.6.1288.
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Subject. The article discusses the importance of Russian-Chinese financial cooperation and its impact on the economic development of Russia. Objectives. The purpose is to identify aspects of Russian-Chinese financial cooperation that have a substantial influence on the Russian economy, to develop a scientific and methodological approach to quantifying the impact of Russian-Chinese financial cooperation on the Russian economy. Methods. We employ methods of economic, mathematical and statistical analysis, and practical developments of Russian and foreign scientists. Results. Three aspects of Russian-Chinese financial cooperation are important factors that directly affect the economic growth of Russia, namely, China's direct investment in Russia, bilateral trade, and currency swaps. Russian-Chinese financial cooperation will play a positive role in promoting the economic development of Russia. Conclusions. To ensure stable socio-economic development of Russia, it is important to develop financial cooperation with China. Russia should further expand bilateral trade, make efforts to attract Chinese investment, and continue monetary cooperation with China.
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Brou, Kouame A., and Ivan V. Smirnov. "Causality relationship between foreign direct investments and economic improvement for developing economies: Russia case study." Discrete and Continuous Models and Applied Computational Science 31, no. 1 (2023): 46–63. http://dx.doi.org/10.22363/2658-4670-2023-31-1-46-63.
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Foreign direct investment (FDI) can have a significant impact on economic development in developing economies like Russia. FDI can bring in capital, technology, and management expertise that can stimulate economic growth, increase employment, and improve productivity. In the case of Russia, FDI has played a vital role in the country’s economic development. A study conducted by the World Bank in 2019 found that FDI inflows have contributed significantly to Russia’s economic growth and led to increased productivity, employment, and exports. The article analyzes the relationship between foreign direct investment and economic growth in Russia using ARDL cointegration and Toda-Yamamoto causality analysis test. The results reveal that there is no causality relation between GDP growth and foreign direct investment inflow in Russia. Overall, foreign direct investment effectively contributes to economic growth in Russia in the short term and not really in the long run.
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Sukhadolets, Tatyana, Elena Stupnikova, Natalia Fomenko, Nadezhda Kapustina, and Yuri Kuznetsov. "Foreign Direct Investment (FDI), Investment in Construction and Poverty in Economic Crises (Denmark, Italy, Germany, Romania, China, India and Russia)." Economies 9, no. 4 (2021): 152. http://dx.doi.org/10.3390/economies9040152.
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This study aims to examine the impact of foreign direct investment (FDI), investment in construction and poverty in various countries. The Russian Federation invests heavily in construction and it is located both in Europe and Asia. Russia is usually described as a European country (while 70% of its territory is in Northern Asia, 80% of the population resides in Europe). That is why in this document both developed and emerging countries are considered; the former are represented by the EU members of different economic levels and the latter by BRICS countries. We looked at economically different countries to determine the best differentiated data in order to answer the question: “Why does a high level of poverty persist in Russia if Russian officials have repeatedly reaffirmed their commitment to the implementation of the Sustainable Development Goals (SDGs) by investing heavily in construction and attracting FDI?”. For the estimation, we used an autoregressive distributed lag (ARDL), considering cointegration and heteroscedasticity, in which the current values of the series depend both on the past values of this series and on the current and past values of other time series. Having received statistical data, we were able to compare the economic development of countries with some economic growth theories. 4–5% FDI share of the GDP helps to contain the negative impact of financial crises. Investment in construction supports the economies of countries in the long term and maintains or reduces the poverty level by increasing the assets of the population. Empirical data also helped us to evaluate the economic growth patterns and poverty in these seven countries. China and the Russian Federation will find themselves at different “poles”. China uses several theories and models simultaneously for economic development and poverty reduction and the Russian Federation does not keep to an established theory or a model of economic growth.
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Domínguez-Jiménez, Marta, and Niclas Frederic Poitiers. "An analysis of EU FDI inflow into Russia." Russian Journal of Economics 6, no. (2) (2020): 144–61. https://doi.org/10.32609/j.ruje.6.55880.
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This paper analyzes the trends and drivers of inward foreign direct investment in Russia between 2009 and 2019. The EU is the premier provider of FDI into Russia, even though we find that reported values overstate its role given the use of Special Purpose Entities (SPEs). Key drivers of Russian FDI flows are the price of oil and natural resource markets, macroeconomic volatility, monetary policy, sanctions and trade impediments. As FDI is highly concentrated in natural resource rich regions, we argue that a sectoral decomposition understates the importance of fossil fuel extraction. Based on this analysis as well as the literature on growth effects of FDI, we argue that Russia needs more investment into higher-value added activities.
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Davydov, Andrey. "International Estimates of Russia’s Investment Image." Russia and America in the 21st Century, no. 2 (2021): 0. http://dx.doi.org/10.18254/s207054760015862-5.
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Foreign direct investments are considered to be one of the drivers to stimulate Russian economic development. Increase of funds is highly dependent on current investment image. This article covers different estimates of Russia’s investment image by international rating agencies and research institutes. Sovereign credit ratings are considered to be major indicators of investment image. Leading foreign rating agencies currently estimate Russian credit rating as attractive for investors. Russia has entrenched a credible and consistent policy framework that will deliver improved macroeconomic stability, reduce the impact of oil price volatility on the economy, and support increased resilience to external shocks. Fitch agency considers that Russia's strengthened policy mix, underpinned by a more flexible exchange rate, a strong commitment to inflation-targeting and a prudent fiscal strategy. However, the continued threat of sanctions' escalation will weigh on Russia's external financing flexibility, investment and growth prospects. Some agencies underline the drawbacks of Russia economic development. These drawbacks are dependence on oil and natural gas export, weak banking system, bad corporate management. Current Ratings of the economic development depend greatly on how long the pandemic and social distancing will take place and on the measures that are taken place for increasing economic activities. Section 2 reviews the major estimates of Russian investment climate by different international research institutes. This section shows that Index of economic freedom, developed by Heritage Foundation and Wall Street Journal is of topical interest to potential investors. Russia has improved the position in ranking of economic freedom, but some serious drawbacks still exist. Some ways to improve Russia’s investment image are being suggested in Section 3.
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Loseva, A. V. "Statistical Analysis of the Patterns of Global Investment Development in China." Statistics and Economics 19, no. 3 (2022): 4–14. http://dx.doi.org/10.21686/2500-3925-2022-3-4-14.
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The purpose of the study is to assess the possible impact of patterns and trends in the development of foreign investment activity of China on the prospects of Russian-Chinese economic cooperation in this area, including in terms of support for the Russian energy sector. The relevance of the study is due to the growing influence of the People’s Republic of China in solving global economic and political issues, as well as the importance of its role as a strategic partner of the Russian Federation, which makes it necessary to assess future prospects.The research methods are methods of analyzing time series, including identifying trends, as well as assessing the structure and structural shifts to obtain an overall picture of the structural transformations of foreign direct investment of China in regional and sectoral sections.The results of the study. Chinese foreign direct investment in the last two decades has been characterized by an intensive growth in volumes, resistant to global economic crises; analysis of their geographical structure demonstrates the constancy of such a feature as maximizing the opportunities of global offshore zones and countries granting privileges to foreign investors; the sectoral structure of Chinese foreign direct investment has certain patterns of change that are consistent with the goals and objectives of economic development of China set by five-year plans, which makes it possible to predict and find solutions in the field of Russian-Chinese cooperation; a trend has been identified to increase the attention of Chinese investors to the issue of capital formation in the Russian economy. In addition, an assessment of the analytical capabilities provided to users by the official statistics of China in terms of information about investment processes is given.Conclusion. Statistical analysis of the indicators of foreign investment activity of China over a long period of time allows us to evaluate and characterize its strategic behavior as one of the world’s largest investors, focused primarily on solving the problems of developing its own economy and its global expansion in the long term. The significance of such studies will now increase, given the importance of the development of foreign economic relations with China for the Russian Federation based on the increased potential of interaction between the two countries in recent years.
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Zyukin, D. A., E. A. Bolycheva, S. V. Kashirin, A. A. Barannikov, and O. N. Goncharenko. "Development of the Investment Climate in the Russian Federation against the Background of Political and Economic Sanctions." Finance: Theory and Practice 28, no. 4 (2024): 84–96. http://dx.doi.org/10.26794/2587-5671-2024-28-4-84-96.
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The stability of the national economy is dependent on the investment climate. The purpose of the study is to identify prospects for improving the investment climate in Russia by taking into account the level of influence of investments in individual sectors of the national economy on the change of their share in the structure of the GDP of the country. In order to achieve the purpose of the study, the authors set the following tasks: to analyze the dynamics of investment in equity between forms of ownership, sources of financing and key industries; to examine the changes in the volume and share of shipped goods of their own production, performed works and services in GDP between key sectors of the country. In the paper used different methods such as intellectual data analysis, statistical analysis methods, data dynamics analysis and general scientific analysis tools. In the paper shown that fixed capital investment had a sustainable trend of growth, which was based mainly on Russian sources, while foreign and joint investment remained virtually unchanged. It was not possible to trace a direct correlation between the volume of investment and the change in the share of shipped goods of own production, completed works and services in the key sectors of the economy. One of the reasons for this could be the lack of certainty about the timing for which the effect of the investment should appear, as large-scale investments do not produce immediate effects. It was concluded that the situation in the Russian economy is unstable, which does not allow to ensure a stable influx of foreign direct investment, and this, in turn, negatively affects the formation of capacity for the transition of the national economic system to a new technological system.
Dissertations / Theses on the topic "Foreign direct investment economic growth Russian economic development"
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Faghihi, Taleghani Hamed. "Essays on Financial Market Development, Foreign Direct Investment and Economic Growth." Thesis, Rennes 1, 2018. http://www.theses.fr/2018REN1G003.
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Cette thèse est composée en quatre chapitres distincts. Dans le premier chapitre, nous examinons le lien à long terme entre le développement des marchés boursiers, le développement du secteur bancaire et la croissance économique du groupe BRICS en utilisant l’analyse de données de panel. Notre analyse empirique indique que l'indicateur du développement du marché boursier ainsi que l'indicateur du développement du secteur bancaire ont un impact positif et significatif sur la croissance économique. Cependant, l'indicateur de la profondeur du système financier a un effet négatif et significatif sur la croissance. Dans le deuxième chapitre, nous étudions l'impact direct des investissements directs étrangers (IDE) ainsi que l’interaction entre de l’IDE et de la liberté économique sur la croissance économique dans un panel des pays en voie de développement en utilisant l’analyse de données de panel dynamiques et la méthode des moments généralisée (GMM). Nos résultats mettent en évidence de l’effet significatif et positif de la liberté économique sur la croissance économique. En outre, l'impact de l'IDE via le canal de la liberté économique est positif et significatif. Cependant, l'effet de l’IDE sur la croissance économique pourrait varier en termes de développement des pays. Le troisième chapitre étudie l'impact direct de l'IDE et l'effet interactif de l'IDE via les indicateurs de marché financier sur la croissance économique de 20 pays en utilisant l’analyse de données de panel dynamiques et la méthode GMM. Notre analyse empirique indique que l'IDE a un effet significatif et positif sur la croissance économique à travers deux indicateurs du secteur bancaire. De même, les mêmes résultats ont conclu pour l'indicateur de la capitalisation boursière. Cependant, l'effet de l'IDE via l'indicateur de la liquidité du marché boursier est négatif. Dans le quatrième chapitre, nous examinons l'effet de la crise financière à travers les indicateurs du marché boursier sur la croissance économique dans le cas des pays du groupe D8 en utilisant des données de panel dynamiques et la méthode GMM. Les résultats concernant trois modèles employés dans cette étude montrent que la crise financière a un effet négatif et significatif via les indicateurs du marché boursier sur la croissance économique. Par conséquence, la crise financière cause de la réduction de l'impact positif du développement des marchés boursiers sur la croissance économique. Cependant, l'impact direct du développement des marchés boursiers est positif. De même, l’indicateur du secteur bancaire a un effet positif sur la croissance. Aussi, nous montrons que l'impact du secteur bancaire sur la croissance est significativement plus important que l'impact du marché boursier<br>This thesis is composed of four separate chapters. In the first chapter, the long-term relationship between stock market development, banking sector development and economic growth in the BRICS group countries has been investigated using panel data analysis. The findings reveal that the proxy of stock market development and also the employed proxy of banking sector development have positive and significant impact on economic growth. However, the channel of financial depth in study countries has a negative and significant effect on growth. In the second chapter, the direct and interactive impact of foreign direct investment and economic freedom on economic growth has been studied in a panel of developing countries using dynamic panel data and generalized method of moments (GMM) approach. The results depict a significant and positive effect of economic freedom on economic growth. Also the impact of FDI through economic freedom channel is positive and significant. However, the effect of FDI on growth may vary in terms of development. The third chapter sought to study the direct impact of FDI and also the interactive effect of FDI through proxies of financial market on economic growth of 20 countries using dynamic panel data and GMM approach. In this regard, the interaction of FDI with four indicators of financial market development has been examined. The results indicate a significant and positive impact of FDI through two proxies of banking sector on economic growth. Similarly, the same results concluded for the indicator of stock market capitalization. However, the effect of FDI through the indicator of stock market liquidity is negative. The fourth chapter aims to examine the effect of global financial crisis through the proxies of stock market on economic growth in case of D8 group countries using dynamic panel data and GMM method. The results concerning three employed models in this study reveal that financial crisis has a significant negative effect through stock market development proxies on economic growth. Accordingly, financial crisis cause to reduction of positive impact of stock market development on economic growth. However, the direct impact of stock market development is positively correlated with economic growth. Likewise, the proxy of banking sector has a positive effect on growth. Also by comparison the effect of stock market development and banking sector development, it can be concluded that impact of banking sector on growth is significantly more than the impact stock market
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Babatunde, Abimbola Fatimah. "Financial development, foreign direct investment and economic growth : challenges for developing countries." Thesis, University of Hull, 2011. http://hydra.hull.ac.uk/resources/hull:6346.
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Although the pattern of growth in developing countries is characterised by instability, uncertainties and volatility, the experience of the five fast-growing developing economies of Brazil, Russia, India, Mexico and China (BRIMCs) presents an unprecedented challenge for other developing countries. Therefore, this thesis argues that the emergence of the BRIMCs as the future growth engine of the world presents an excellent backdrop to re-examine the importance of financial development and foreign direct investment (FDI) in the Sub-Saharan African (SSA) context. It is important to mention that for empirical studies, the methodologies used for estimations will differ for different groups of countries. Hence, the study applies panel data techniques to take into account the heterogeneity of these developing countries. It further uses dynamic panel data framework and a panel co-integration analysis to capture the long-run relationships. The measures employed assessed various aspects of financial development including; private credit as a ratio of GDP, bank credit, liquid liabilities, stock market capitalisation and value of stock traded, and a single measure of FDI being the annual inflow of FDI as a ratio of GDP for 60 developing countries during 1980-2007. The study also explores the interaction between economic openness and human capital insofar as the attraction of FDI is concerned in the developing countries under consideration. The findings reveal that financial liberalisation and good institutions are important for financial development. For the SSA countries, the results indicate that while financial liberalisation promotes stock market development, the lack of good institutions, in particular control of corruption, bureaucratic quality and rule of law are less favourable to financial development. Furthermore, the study finds that economic openness and human capital also play an important role in the attraction of FDI and the growth effect of FDI in developing countries. The primary policy implication is that SSA countries should make efforts towards initiating and implementing financial sector development reforms and FDI incentives.
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Bolani, Lindelwa Mandisa. "The interrelationships between foreign direct investment and economic growth in Africa." Thesis, Rhodes University, 2015. http://hdl.handle.net/10962/d1019885.
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There has been a long search for the keys to development and economic growth in Africa. This study investigates the relationship between FDI and economic growth over the period 2000-2012 using data from 48 African countries. On the aggregate regional level FDI and economic growth were found to be positively correlated during this period. Using panel data econometric techniques and the Panel Granger Causality test, results revealed that a bi-directional causality relationship existed between FDI and GDP. Thus, the results suggest that GDP is a requirement for increased investment, and at the same time is the result of increased foreign investment. Thus, the conclusion is that African policy makers are justified in increasing their attempts to create an attractive business environment for foreign investors, as it is beneficial for economic growth.
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Mbeki, Zizipho. "The effect of foreign direct investment on economic growth in South Africa." Thesis, Nelson Mandela Metropolitan University, 2016. http://hdl.handle.net/10948/11166.
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The effect of FDI on economic growth is not a straight jacket. Literature has shown that the effect of FDI on economic growth can be either positive or negative. The positive effects of FDI can be caused by increase in output stimulated by new technological innovations and increase in capital flows. The negative effects could result in a ‘crowding out’ effect on domestic investments, external vulnerability and dependence, destructive competition of foreign affiliates with domestic firms, and market stealing effect due to poor absorptive capacity.This treatise will attempt to shed light on the effect foreign direct investment has on economic growth in South Africa in order to ascertain whether a positive or negative relationship exists between these two variables. This study thus aims to investigate, analyse and estimate the extent to which FDI impacts economic growth in South Africa. The findings of this research will provide policymakers, commercial businesses and scholars with relevant updated theoretical and empirical results that will assist relevant government policy makers in generating effective measures of attracting FDI if it proves to be beneficial for the host country. If the results of the study prove that FDIs do not generate positive spill over effects then the policymakers are thus obliged to formulate policies that will discourage FDIs from penetrating the host country’s economy.
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Sheya, Etuna. "Foreign Direct Investment, Economic Growth and Employment creation: A Causality Analysis from Namibia." Master's thesis, Faculty of Commerce, 2021. http://hdl.handle.net/11427/33025.
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The research explored the long-term relationship between FDI, GDP and host country employment by using sector-wise panel data from 1991 to 2017 in Namibia. The study applied unit root testing and Cointegration test to test for the presence of a cointegration relationship between the variables. Also, a vector autoregression model short-run causality among the variables was examined. In the end, Impulse response functions are estimated. The research found both a short term and long-term causality going from FDI inflow to employment. Impulse responses show that both GDP and employment respond positively to an exogenous shock in FDI inflow. However, the employment response to FDI inflow shock is smaller than that of GDP response. The paper also concludes that FDI has no causal effects on economic growth in Namibia. It means that economic growth is not contributed by the FDI significantly the results in this research have some significant policy implications. Therefore, as the results suggest that the FDI inflow has a positive impact on employment, because of the results, the researcher also recommends that Namibia pursue the policy of attracting foreign firms aggressively and create all the conditions required for attracting foreign direct investment in order to create further employment opportunities.
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Hashi, Mohamed, and William Ericsson. "The effects of foreign direct investment inflows on economic growth in OECD countries." Thesis, Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Nationalekonomi, 2019. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-44329.
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Foreign direct investment is an important topic in economic research. FDI occurs when a firm invests in a foreign country. The purpose of this thesis is to empirically analyze the effects of FDI on the economic growth of the selected sample of twenty-one OECD countries. The thesis is based on a theoretical model of cross-country regressions and a panel data technique methodology was followed. The results of the time-period 1998-2017, show a direct positive impact of FDI on GDP per capita growth, namely economic growth. Moreover, it was found a lack of complementarity between FDI inflows and human capital, and a negative dependency between FDI inflows and institutions such as private sector credit.
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Maseko, Michael. "Foreign direct investment and economic growth in South Africa: a sector level causality analysis." Master's thesis, University of Cape Town, 2015. http://hdl.handle.net/11427/29038.
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Many empirical studies hypothesise that foreign direct investment (FDI) has a positive impact on economic growth. As a result, FDI has been targeted by many countries in their attempts to increase their standards of economic growth. South Africa (like many developing economies) is not a stranger to this phenomenon. However, there is a dearth of literature analysing the relationship between FDI and economic growth at a sector level in South Africa. This thesis analyses the causal relationship between FDI and economic growth in South Africa at a sector level comprising primary, secondary and tertiary industries. This study applied a more robust and asymptotically reliable Toda-Yamamoto-Dolado-Lutkephol (1995) methodology in analysing the causal relationship thus addressing the potential biases and asymptotic unreliability relating the traditional Granger causality technique. The report shows that FDI Granger-causes growth in primary, secondary, tertiary sectors and at an aggregate level. In addition, growth was found to Granger-cause FDI at tertiary and aggregate level. On the other hand growth does not Granger-cause FDI at primary and secondary sector level. The only bi-directional relationship that could be observed was at the tertiary and aggregate sector level, whereas at primary and secondary sector level, the relationship was found to be unidirectional.
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Mazenda, Adrino. "The effect of foreign direct investment on economic growth: evidence from South Africa." Thesis, University of Fort Hare, 2012. http://hdl.handle.net/10353/d1007027.
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Foreign direct investment amongst other mechanisms provides capital inflow meant to stimulate economic growth. Apart from promoting economic growth, FDI can also lead to increase in employment, technology, technical knowhow and managerial skills. South Africa has implemented various policy initiatives in attempts to attract foreign investment. This study investigates on the effect of foreign direct investment on economic growth, with particular reference to the South African economy. The period of study is from 1980 to 2010. The study begins by reviewing literature on economic growth and foreign direct investment. South Africa’s macroeconomic background is examined to determine the trends in FDI inflows and economic growth. An empirical model linking theoretical and empirical literature on the effect of FDI on economic growth is estimated using the Johansen cointegration and VECM framework. Variables specified in the methodology include real gross domestic product (RGDP), foreign direct investment (FDI), domestic investment (INVE), real exchange rate (REXCH) and foreign marketable debt (DEBT). The long run results showed that FDI, REXCH and DEBT have a negative impact on growth. INVE has a positive impact on growth. Short run results indicated that there is no strong pressure on RGDP to restore long-run equilibrium whenever there is a disturbance. The short run lag of FDI was found to exert a positive impact on growth. The impulse response and variance decomposition analysis complemented the long and short-run findings. Shocks on REXCH, and DEBT generated a negative response on RGDP. The shocks were not significantly different from zero and were transitory. Results from the variance decomposition analysis revealed that the fundamentals explain some, but not all, of the variations of RGDP. For the fifth year forecast error variance RGDP explains the largest component of the variation followed by INVE, REXCH, FDI and DEBT. After a period of ten years, the influence of RGDP and INVE declines, whereas REXCH, FDI and DEBT increase. Conclusions and policy recommendations were made using these results.
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Dendere, Getrude Paidamwoyo. "The Impact of Chinese Foreign Direct Investment on employment and economic growth in Sub-Saharan Africa." Master's thesis, Faculty of Commerce, 2021. http://hdl.handle.net/11427/32645.
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The recent surge in Chinese Foreign Direct Investments (FDI) in the African continent has brought about much debate and speculation around the potential implications both for the continent as a whole, and for individual African countries. There are mixed sentiments regarding the impact of Chinese FDI in Africa and speculation as to whether the continent has been benefiting more from Chinese investments than it has been losing. Shen (2013) points to two opposing views on China's investment in Africa. On one side China is hailed for bridging the technological and capital gap that has been hampering economic growth in Africa, and for coming to Africa's rescue by being more willing to invest in the continent than the West has been, especially after the financial crisis of 2008. However, the other side sees China as a ruthless investor, intent on plundering the African continent's resources and ultimately taking over its economies (Kolstad & Wiig, 2012). The current research focuses on an area of particular interest and importance for the African continent: specific ways in which Chinese FDI has impacted economic growth and employment in Sub Saharan Africa (SSA). The study employed a panel Autoregressive Distributed Lag model and conducted Granger causality tests on a sample of the top ten SSA recipients of Chinese FDI for the period 2003 to 2017. The results of the analysis revealed that Chinese FDI had a positive effect during this period on both employment and economic growth in Sub-Saharan Africa, with a 1% increase in Chinese FDI resulting in a marginal 0.20% increase in employment, and a 0.17 % increase in economic growth. The findings of the research support the FDI-Led economic growth theory and Robert Solow's neo-classical growth model, which argues that economic growth is achieved through an increase in capital growth, labour force, and technical knowledge (Solow, 1957). Granger causality tests indicated the presence of a bi-directional relationship between Chinese FDI and economic growth. As this was a quantitative study, and significant factors pertaining to Chinese FDI in developing countries in Africa are qualitative in nature, it is recommended that qualitative studies be conducted in order to obtain a more comprehensive picture of the impact of Chinese FDI in African countries.
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Mseka, Chikondi O. "The impact of foreign direct investment on the economic growth and development of sub-Saharan African countries." DigitalCommons@Robert W. Woodruff Library, Atlanta University Center, 1998. http://digitalcommons.auctr.edu/dissertations/3685.
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This study examines the social and economic effects of multinational corporations (MNCs), the main purveyors of foreign direct investment (EDI), on the countries of sub-Saharan Africa. The study is based on the rift in empirical and theoretical findings concerning the actual effects of multinational presence in a developing country. On one hand, those who believe in the efficiency of MNCs in bringing about global development have produced studies and theories to support their view of multinationals as the “great equalizers among nations.” On the other hand, those in disagreement with this view of the multinational have also produced studies and theories, which contend that the MNC has adverse effects on political and economic sovereignty and the fulfillment of basic needs in developing economies. A regression analysis was used to investigate the effects of foreign direct investment (EDI), foreign aid (ODA) and political stability (PS) on the economic growth and economic development of thirty sub-Saharan African countries during two time periods: 1980-1989 and 1990-1995. Foreign aid and political stability were also used in the study due to the fact that both have been known to affect the direction of growth and development. The time periods were chosen to analyze the effects of the end of the Cold War (1989) on sub-Saharan African countries. The researcher found that political stability had the most significant impact on economic growth in period 2 and economic development in both time periods. The conclusions drawn from the findings suggest that the small amount of foreign investment that sub-Saharan Africa receives probably accounts for its insignificant effects on economic growth and development. They also suggest that cormption concerning the misuse of foreign aid probably accounts for the insignificant effects that foreign aid had on economic growth and economic growth and development.
Books on the topic "Foreign direct investment economic growth Russian economic development"
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Rutherford, Thomas Fox. The impact on Russia of WTO accession and the DOHA agenda: The importance of liberalization of barriers against foreign direct investment in services for growth and poverty reduction. World Bank, 2005.
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Busse, Matthias. Foreign direct investment, regulations, and growth. World Bank, 2006.
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Aipi, Boniface. Foreign direct investment and economic growth in Papua New Guinea. Bank of Papua New Guinea, 2009.
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Laura, Alfaro, and National Bureau of Economic Research., eds. How does foreign direct investment promote economic growth?: Exploring the effects of financial markets on linkages. National Bureau of Economic Research, 2006.
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Lim, Ewe-Ghee. Determinants of, and relation between, foreign direct investment and growth: A summary of the recent literature. International Monetary Fund, Middle Eastern Department, 2001.
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Rasiah, Rajah. Foreign direct investment and technology diffusion: Impact on economic growth and development in South Africa. Chambers of Commerce and Industry South Africia, 2005.
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Foreign Direct Investment, Trade and Economic Growth: Challenges and Opportunities. Routledge India, 2013.
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Ahmed, Shahid. Foreign Direct Investment, Trade and Economic Growth: Challenges and Opportunities. Taylor & Francis Group, 2014.
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Ahmed, Shahid. Foreign Direct Investment, Trade and Economic Growth: Challenges and Opportunities. Taylor & Francis Group, 2014.
Find full textBook chapters on the topic "Foreign direct investment economic growth Russian economic development"
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McCartney, Matthew. "Domestic and Foreign Direct Investment." In Economic Growth and Development. Macmillan Education UK, 2015. http://dx.doi.org/10.1007/978-1-137-29031-1_4.
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Antwi, James. "Foreign Direct Investment, Tourism Development, and Economic Growth." In Tourism and Foreign Direct Investment. Routledge, 2022. http://dx.doi.org/10.4324/9781003155492-11.
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Balasubramanyam, V. N., M. A. Salisu, and David Sapsford. "Foreign Direct Investment, Trade Policy and Economic Growth." In Trade and Development. Palgrave Macmillan UK, 1996. http://dx.doi.org/10.1007/978-1-349-25040-0_1.
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Agrawal, Pradeep. "Foreign Direct Investment in South Asia: Impact on Economic Growth and Local Investment." In Multinationals and Foreign Investment in Economic Development. Palgrave Macmillan UK, 2005. http://dx.doi.org/10.1057/9780230522954_5.
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Kumar, Nagesh, and Jaya Prakash Pradhan. "Foreign Direct Investment, Externalities and Economic Growth in Developing Countries: Some Empirical Explorations." In Multinationals and Foreign Investment in Economic Development. Palgrave Macmillan UK, 2005. http://dx.doi.org/10.1057/9780230522954_3.
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Fu, Xiaolan. "Exports, FDI and Employment Growth in China." In Exports, Foreign Direct Investment and Economic Development in China. Palgrave Macmillan UK, 2004. http://dx.doi.org/10.1057/9780230514836_5.
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Fu, Xiaolan. "Exports, Technical Progress and Productivity Growth in Chinese Manufacturing Industries." In Exports, Foreign Direct Investment and Economic Development in China. Palgrave Macmillan UK, 2004. http://dx.doi.org/10.1057/9780230514836_6.
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Diwambuena, Josué Mabulango, Amon Magwiro, Heinz Eckart Klingelhöfer, and Martin Kaggwa. "Foreign Direct Investment and Economic Growth: The Structural Vector Autoregressive Approach for South Africa." In Development Finance. Springer International Publishing, 2017. http://dx.doi.org/10.1007/978-3-319-54166-2_7.
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Urata, Shujiro. "Trade-Investment Nexus and Economic Growth in East Asia." In Sustainable Development Disciplines for Society. Springer Nature Singapore, 2022. http://dx.doi.org/10.1007/978-981-19-5145-9_11.
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AbstractSDG 8’s goal is to promote sustained, inclusive, and sustainable economic growth; full and productive employment; and decent work for all. This chapter examines the experiences of East Asian developing countries in achieving rapid and inclusive economic growth by focusing on the role of international tradeand foreign direct investmentnexus created through global value chains (GVCs)by multinational corporations (MNCs). GVCs enabled participating companies and countries to improve productivity, contributing to economic growth. The factors attributable to the participation in GVCs include high competitiveness of local companies and open business environment created by the Asian government. Moreover, construction and maintaining well-functioning soft (e.g., education and legal systems) and hard (e.g., transportation and communication systems) infrastructure by the government and international donors contributed to the creation of business-friendly environment. Faced with growing protectionism and the threats of growing US-China rivalry, infectious diseases, climate change, etc., maintaining an open and transparent rules-based business environment is crucially important to further achieving sustained, inclusive, and sustainable economic growth. In the light of absence of effective global economic order, exemplified by ineffectiveness of the World Trade Organizationin trade liberalization as well as dispute settlement, regional economic frameworks such as the CPTPP and RCEP in the Asia and Pacific region would be proven to be effective to achieve the goal.
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Vu, Thi Hanh, Xuan-Hoa Nghiem, Xuan Hoan Pham, and Vu Duy Do. "The Relationship Amongst Financial Development, Economic Growth, And Foreign Direct Investment In Vietnam." In Advances in Economics, Business and Management Research. Atlantis Press International BV, 2025. https://doi.org/10.2991/978-94-6463-694-9_6.
Full textConference papers on the topic "Foreign direct investment economic growth Russian economic development"
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Tsinaridze, Ramin, George Abuselidze, and Lasha Beridze. "Methodological Issues of Assessment of the Investment Environment as a Factor of Economic Growth." In Human Capital, Institutions, Economic Growth. Kutaisi University, 2023. http://dx.doi.org/10.52244/c.2023.11.3.
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In order to optimize the country's investment relations, it is necessary to introduce a system of correct assessment of investment activities, planning and implementation of such effective measures by the state, which will contribute to the elimination of existing gaps in the investment environment, its improvement and economic growth of the country. A foreign investor invests capital resources only in countries with a stable investment environment, which in turn is characterized by the confidence of the local investor. A healthy investment environment is vital for the economic growth of the country, which has become especially relevant in the light of modern global challenges, therefore, FDI is a form of global business relationship that is an integral part of the stimulating factor of an open market economy. Despite the extensive discussion of the essence of the investment environment and the methodological issues of its assessment in foreign and Georgian scientific literature, it became especially relevant after the Covid-pandemic crisis and then the Russian-Ukraine war conflict. According to the trend established in recent years, the national economic system of the world countries, especially in developing countries, is directed towards the growth of investment flows. This trend has become vital for the rehabilitation and development of the post-Covid economy. For the development and modernization of the economy of Georgia, it is necessary to make the maximum use of the opportunities of direct foreign investments and to create an appropriate environment, which determines the effectiveness of this process. The task of the research is to reveal both theoretical-methodological and pragmatic aspects of the current investment environment in Georgia. Based on the results of the research, the formation of suggestions and recommendations about the role of the investment climate in the country's economic growth. The subject of the research is direct foreign investment on the example of Georgia and its importance for the economic growth of the host country. The object of the research is the investment climate and the role of foreign investments in the process of its improvement. Article in Georgian.
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Ürüt Kelleci, Serap, and Emine Fırat. "Relationship Between Foreign Direct Investments and Economic Growth: The Azerbaijan Sample." In International Conference on Eurasian Economies. Eurasian Economists Association, 2017. http://dx.doi.org/10.36880/c08.01929.
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Today, foreign direct investment is very important for both developed and developing countries. It is seen as an opportunity to overcome the inadequacy of capital, especially in developing countries. It is expected that these investments will make a serious contribution in solving the problems related to the balance of payments, in the realization of the investments that will enable the growth of the economies, in increasing the employment. 
 The study will examine the size, development and effects of foreign capital in Azerbaijan economy. Azerbaijan, which is also known as transition economies, has gone from the Soviet Union in 1991 to regulating its economic structure from the beginning. At this point, they have undertaken various reforms to improve their inadequate investment capabilities and to attract foreign direct investment into the country. In this respect, they tried to have a share of this great pasty shared by the developed countries in the world.
 In this study, firstly foreign direct investments and economic effects will be examined. Then, general information about Azerbaijani economy will be given and the dimensions and effects of foreign direct investments in Azerbaijan will be revealed. After the literature review on the subject has been made, the relationship between economic growth and foreign direct investment in Azerbaijan will be empirically analyzed. The figures for Azerbaijan during the period 1995-2015 were obtained from the World Bank.
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Čolaković-Prguda, Nerma. "Foreign Direct Investment – State and Performance." In 7th International Scientific Conference – EMAN 2023 – Economics and Management: How to Cope With Disrupted Times. Association of Economists and Managers of the Balkans, Belgrade, Serbia, 2023. http://dx.doi.org/10.31410/eman.2023.45.
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The paper deals with foreign direct investments (FDI) with a special focus on Bosnia and Herzegovina. Most of the world’s economies are interested in FDI, especially today in a globalized society. They can generate new jobs, and contribute to the development of new technology, and their special contribution is reflected in the stimulation of economic growth, development and employment. In recent years, Bosnia and Herzegovina made a lot of effort to attract foreign direct investments as one of the important ways to stimulate economic development and solve the problem of unemployment Considerable progress in this field has been achieved by adjusting the legislation and institutional framework. The costs, procedures and time of registration of craft-entrepreneurial activities have been reduced, and various benefits in the field of customs and taxes have been provided, which will be presented in the paper
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Ganiev, Junus, Tezcan Abasız, and Damira Baigonushova. "Foreign Capital Inflows and Economic Growth in the Eurasian Economic Union Countries." In International Conference on Eurasian Economies. Eurasian Economists Association, 2022. http://dx.doi.org/10.36880/c14.02615.
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The theoretical foundation for foreign capital-led growth hypothesis could be traced back to the neoclassical and endogenous growth theories, which see capital as the main source of growth. Foreign capital inflows are important because they close the savings-investment gap in developing countries. After independence, the Eurasian Economic Union countries, which were faced with the problem of inadequacy of domestic resources for economic development, became highly dependent on foreign sources and gave great importance to foreign aid and foreign debt, as well as to foreign investments. When viewed proportionally, the share of foreign aid is naturally low, and infrastructure investments constantly increase the external debt burden of future generations. On the other hand, although foreign direct investments contribute to the country’s economy, they do not directly increase the country’s debt burden. Therefore, it is considered as a more preferred foreign source. In this study, the effects of foreign investments and total external debt on economic growth in the EAEU countries were investigated. The quarterly data of five countries for the period of 2010-2021 were analyzed by panel data analysis. According to the panel ARDL cointegration approach, it has been revealed that there is a cointegration relationship between external resources and GDP in the EAEU countries. It has been determined that only foreign direct investments and total foreign debt have a statistically significant effect on GDP in the long run. In accordance with the general literature and theory, both coefficients were positive.
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Ibrahim, Mohamed Isse. "Foreign Direct Investment as an Important Source of External Development Financing: New Evidence in Turkey." In International Conference on Eurasian Economies. Eurasian Economists Association, 2019. http://dx.doi.org/10.36880/c11.02247.
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Foreign direct investment is a critical source of external instruments for financing development for Turkey, FDI can contribute to technology diffusion, Economic growth, Employment generation and Sustainable development. However; the Objective of this research is to examine whether foreign direct investment as an external source of financing effects economic growth in Turkey, based on time series data from 2003 to 2016 during the Erdoğan administration. This study employed Harrod-domar growth model using under OLS method. The paper considerate main variables foreign direct investment, Exchange rate and labor force. Based on empirically investigated the study confirmed that foreign direct investment and Labor force has a positive significant relationship to economic growth in Turkey while exchange rate has a negative significant relationship to economic growth in Turkey. So this paper recommends that movement of Turkey should promote policies encourage and creation of a good microeconomic and macroeconomic a friendly environment and utilization of the careful of loose monetary policy to economic performance.
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Bildirici, Melike, Elçin Aykaç Alp, and Fazıl Kayıkçı. "Effects of Foreign Direct Investment on Growth in Turkey." In International Conference on Eurasian Economies. Eurasian Economists Association, 2010. http://dx.doi.org/10.36880/c01.00149.
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This study aims at analyzing the relationship between Foreign Direct Investment and Growth in Turkey by using Threshold Cointegration. As the studies about the impact of Foreign Direct Investment on growth are surveyed, it is seen that all of them uses liner methods except two. Starting point of these studies that use liner methods are the positive relationship between Growth and Foreign Direct Investment. As such, Yılmaz and Barbaros (2006) find positive relationship between Foreign Direct Investment and market size in Turkey between 1980 and 2001. Erdal and Tatoğlu (2002) reach the same conclusion for the period of 1980-1998 by using real Gross Domestic Product as a proxy for market size. Deichmann, Karidis and Sayek (2003) find positive linkage between Foreign Direct Investment and Gross Domestic Product in Turkey by using Conditional Logit Model. Bildirici and Bozoklu (2008) find positive relationship between growth and Foreign Direct Investment by using Markov Switching Vector Auto Regression method. Katırcıoğlu (2009) analyses the connection between Foreign Direct Investment and economic development by using Auto Regressive Distributed Lag and indicates that economic development causes net Foreign Direct Investment. Darrat and Sarkar (2009) state the affirmative effects of the Foreign Direct Investment on growth as expected theoretically. Bildirici, Bozoklu (2008) find positive relationship between growth and Foreign Direct Investment in Turkey. Bildirici, Alp and Kayıkçı (2010) state the existence of threshold effect for these variables. This study intends to research this effect in historical perspective, using Threshold Cointegration Analysis.
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Han, Tiankuo. "Does Foreign Direct Investment Affect Economic Growth in Hainan Province--Equilibrium Analysis Based on Time Series." In Proceedings of the 4th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2022, December 9-11, 2022, Chongqing, China. EAI, 2023. http://dx.doi.org/10.4108/eai.9-12-2022.2327742.
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Mujačević, Elvis. "An Overview of Foreign Direct Investments in Tourism and Hospitality Industry." In 9th International Scientific Conference ERAZ - Knowledge Based Sustainable Development. Association of Economists and Managers of the Balkans, Belgrade, Serbia, 2023. http://dx.doi.org/10.31410/eraz.2023.335.
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Tourism is one of the leading economic sectors of our time. The Tourism Investment report by fDi Intelligence of the Financial Times shows the link between foreign direct investment in tourism as a driver of job creation and economic growth worldwide. In an increasingly interconnected global economy, foreign direct investments (FDI) play a pivotal role in shaping the growth trajectory of various sectors. One such sector that has witnessed a substantial impact from FDI is tourism, a thriving industry that not only contributes significantly to a nation’s GDP but also plays a pivotal role in job creation. This article delves into the symbiotic relationship between foreign direct investments in tourism and the generation of employment opportunities, shedding light on the mutual benefits that arise when nations open their doors to international investors. It also explores the significance of foreign direct investments in tourism, examining the positive effects on economic development, job creation, and the overall sustainability of the sector.
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Garvanlieva Andonova, Vesna. "PUBLIC, PRIVATE AND FOREIGN INVESTMENT NEXUS IN THE REPUBLIC OF NORTH MACEDONIA: CROWDING-IN OR OUT EFFECT?" In Economic and Business Trends Shaping the Future. Ss Cyril and Methodius University, Faculty of Economics-Skopje, 2021. http://dx.doi.org/10.47063/ebtsf.2021.0019.
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In the last two decades the economic growth of North Macedonia can be qualified as sluggish and volatile. In this period, the government has been proclaiming a narrative of fiscal and economic policies focused on public investment driven development and growth, yet the capital budget bias, has been significant with regularly overestimated plans vs. the outturn. The public investment-to-GDP ratio, has been an average 5.47%, ranging from minimum 4.0% (Y2007) to maximum 6.7% (Y2010). Simultaneously, the private investment-to-GDP ratio has been an average 17.1%, with minimum of 15% (in Y2005) and a maximum value of 20.6% (in Y2008). The FDI inflows, have been ranging from minimal below 1% in 2014 to maximum 12.7% in 2001, with average of 4.6% per annum. The trends of the variables straightforwardly do not suggest a nexus between public and private investments i.e. causing crowding-in or crowding out effect. In this paper it is investigated whether public investment and foreign direct investments crowd-out or crowd-in the private investment in North Macedonia. To test this hypothesis, we use the available annual data on private investment, public investment, foreign direct investments and GDP for the period of 2000-2017 (in real terms). A model of autoregressive distributed lag bound testing is used for the variables private investment, public investment, GDP and foreign direct investment. The results indicate a crowding-out effect of public over private investments with significance of the foreign direct investments are expected to show whether there is crowding-in or -out effect of the public over private investment and crowding-in effect of the foreign direct investments. The crowding-out effect is immediate and short run.
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Korbi, Alban, and Blisard Zani. "Foreign Direct Investment (FDI) or Remittances? Which Contributes the Most to the Albanian Economy?" In 7th International Scientific Conference ERAZ - Knowledge Based Sustainable Development. Association of Economists and Managers of the Balkans, Belgrade, Serbia, 2021. http://dx.doi.org/10.31410/eraz.s.p.2021.47.
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Foreign direct investment (FDI) and remittances entering an economy often play a very important role in the development and growth of economies year after year. Especially for economies with similar typologies and characteristics like that of Albania, both of these elements promote economic development and serve as financial incentives. This paper aims to assess the contribution of remittances and foreign direct investment in the Albanian economy in the last three decades, through a multifactorial econometric model. The model uses three endogenous variables, the value of remittances, the value of a foreign direct investment and the value of gross domestic product for the time series 1992 - 2019. As it results from the analysis of the econometric model, both remittances and foreign direct investment payments have a positive impact on economic growth and the value of gross domestic product. It is also evident that remittances are the ones that affect the gross domestic product more compared to foreign direct investment.
Reports on the topic "Foreign direct investment economic growth Russian economic development"
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Panadeiros, Monica, and Warren Benfield. Productive Development Policies in Jamaica. Inter-American Development Bank, 2010. http://dx.doi.org/10.18235/0010823.
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Jamaica seems to be a puzzling case for economic growth: despite the structural reforms implemented in the last three decades and adequate investment levels, real GDP per capita is roughly the same as in 1970. The disappointing performance of this economy suggests that productive development policies (PDPs), including first-generation reforms, have not been enough to create a better environment for productivity growth. This paper examines the PDPs in Jamaica and concludes that behind the paradox of high investment and low growth of this economy are the "public debt trap" and a highly distortive tax incentive structure to attract foreign direct investment (FDI) and promote exports. Although industrial policy is moving towards a more modern conceptual design, the old schemes seem politically difficult to dismantle.
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Rivera, John Paolo, and Tereso Jr Tullao. Leveraging Labor Emigration and FDIs for Inclusive Growth in the Philippines. Philippine Institute for Development Studies, 2024. http://dx.doi.org/10.62986/pn2024.04.
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This Policy Note examines the intricate dynamics between international labor deployment, remittances, foreign direct investment (FDI) flows, and inclusive growth in the Philippines. Empirical evidence suggests that these factors do not necessarily bolster inclusive growth, as they often worsen problems within the labor-intensive agricultural sector. However, the Philippines can still pursue inclusivity by addressing critical economic constraints such as inadequate infrastructure, limited access to financing, and regulatory hurdles. Strategic investments in human capital development and targeted support for the agricultural sector are important strategies that the government must consider. Redirecting remittances toward savings, investment, and entrepreneurial ventures can amplify their positive economic impact. Additionally, mitigating the insufficient capital in capital-intensive industries is essential to enhance their capacity to absorb labor from labor-intensive sectors. Through the right interventions and complementary policy frameworks, this Note concludes that remittance and FDI inflows can be leveraged to promote inclusive growth in the Philippines.
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Zhuawu, Collin. PACER Plus Implementation: A Development Opportunity for Commonwealth FICs. Commonwealth Secretariat, 2021. https://doi.org/10.14217/comsec.992.
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The potential for trade-led sustainable development in most Forum Island Countries (FICs) in the Pacific remains largely untapped. These countries experience several challenges to trade, such as a lack of economies of scale, low levels of foreign direct investment (FDI), inadequate and under developed infrastructure, high costs of doing business and a host of other supply-side contraints. Recent changes in the global economic and trading landscape, including growing trade tensions and protectionism, growth in mega regional trade arrangements, and the rapid advancement in technology have created an additional layer of challenges, producing further impediments for these countries to trade. This paper provides an analysis of the possible opportunities for FICs presented by the PACER Plus Agreement and argues for the implementation of the Agreement for FICs to take advantage of these benefits.
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Zhuawu, Collin. PACER Plus Implementation: A Development Opportunity for Commonwealth FICs. Commonwealth Secretariat, 2022. https://doi.org/10.14217/comsec.939.
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The potential for trade-led sustainable development in most Forum Island Countries (FICs) in the Pacific remains largely untapped. These countries experience several challenges to trade, such as a lack of economies of scale, low levels of foreign direct investment (FDI), inadequate and underdeveloped infrastructure, high costs of doing business and a host of other supply-side contraints. Recent changes in the global economic and trading landscape, including growing trade tensions and protectionism, growth in mega regional trade arrangements, and the rapid advancement in technology have created an additional layer of challenges, producing further impediments for these countries to trade. In addition, the outbreak of the COVID-19 pandemic further worsed their situation, impacting on their trade-led development prospects. However, the coming into force of the Pacific Closer Economic Relation (PACER) Plus Agreement in December 2020 offers a promising opportunity for these countries to deepen regional integration in the Pacific region and expand their trade for post-COVID-19 recovery and trade-led sustainable development in general. This paper provides and analysis of the possible opportunities for FICs presented by the PACER Plus Agreement and argues for the implementation of the Agreement for FICs to take adavantage of these benefits.
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Sigurdson, Jon. People's Republic of China's Technological Capability. Inter-American Development Bank, 2004. http://dx.doi.org/10.18235/0011306.
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This paper discusses the importance of the People's Republic of China in the global economy by exemplifying industrial sectors where it has established a strong competitive advantage. The author accounts for China's growth by looking at factors such as direct foreign investment and investment in research and development. This paper discusses several economic sectors including the textile, electronics, semiconductor, and aircraft industries as cases where China has upgraded its technological profile. The role of the university system is also discussed as a resource for China's future as a knowledge-based economy. This paper was presented at the Latin America/Caribbean and Asia/Pacific Economics and Business Association (LAEBA)'s 4th Annual Conference held in Beijing, China on December 3rd-4th, 2004.
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Lenhardt, Amanda. Development Finance for Socioeconomic Programming in Response to Covid-19. Institute of Development Studies (IDS), 2021. http://dx.doi.org/10.19088/cc.2021.009.
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The Covid-19 crisis led multilateral and bilateral donors to revise their funding strategies to respond to the crisis and to adapt existing programming to the new context it created. This resulted in changes to overall allocations, with some countries increasing aid commitments and institutions like the World Bank scaling up lending to low- and middle-income countries while others have cut aid budgets due to low economic growth and demands on domestic resources at home. Changes in aid volumes and disbursal mechanisms are anticipated to have significant impacts on low- and middle-income countries’ abilities to cope with the crisis in the short term, and the targeting of these investments are likely to have a lingering effect on recoveries for years to come. Although aid makes up a small proportion of countries’ available finance to tackle the Covid-19 crisis, “other financing options such as foreign direct investment, workers’ remittances, and taxes – have fallen and are slow to recover” (Prizzon, 2021). Aid finance will therefore be critical to many countries’ short-term responses to Covid-19 and capacities to abate longer-term negative impacts on social and economic outcomes as countries begin to recover. This report gives a broad overview of trends in bilateral, multilateral, and private foundations’ funding strategies over the course of the pandemic to highlight observable shifts in practice. The review is based on a rapid search of funding announcements from a selection of bilateral donors, a selection of multilateral institutions, and overall trends reported by foundations. The report also includes evidence reported by secondary literature on finance for development over the course of the Covid-19 crisis.
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Monge-González, Ricardo, Oswald Céspedes-Torres, and Juan Carlos Vargas-Aguilar. South-South Remittances: The Costa Rica Nicaragua Corridor. Inter-American Development Bank, 2011. http://dx.doi.org/10.18235/0009004.
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Migration, while certainly not new, is on the increase all over the world. Indeed, the United Nations estimates that from 1990 to 2000 alone, the number of people who left their countries of origin rose by 14 percent, from 154 million to 175 million. The phenomenon is not only growing, but is having an impact on the economies of sending countries and receiving countries alike. The effect is visible in the labor market, income distribution, poverty, economic growth, and such areas as gender, health, education and human rights. In particular, remittances (money that immigrants send to friends or family in their countries of origin) have been growing rapidly throughout the world since the mid-1990s. Official figures in many developing countries show that these currency flows bring in more income than both foreign direct investment (FDI) and international development aid. Studies performed so far in Latin America show that remittance flows have a significant although moderate impact on economic and social development in receiving countries. However, these studies have failed to consider differences associated with the origin of remittances (i.e., North-South remittances versus South-South remittances). They implicitly assume that the impact of remittances is unaffected by the type of corridor through which they come. This document discuss that this assumption could prove to be mistaken if the socioeconomic profile of migrants is directly associated with the country to which they migrate and the kinds of opportunities they find for employment and compensation so as to send money home to families or friends.