Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
- Publication
Articles 1 - 2 of 2
Full-Text Articles in Social and Behavioral Sciences
Foreign Capital Flows And Economic Growth In Pakistan: An Empirical Analysis, Sharafat Ali
Foreign Capital Flows And Economic Growth In Pakistan: An Empirical Analysis, Sharafat Ali
Sharafat Ali
Pakistan economy has received large inflows of foreign capital, in shape of foreign debt, FDI and worker’s remittances, over the years. The present study is focused on the examination of effects of these flows on economic growth in Pakistan. Johansen cointegration technique and Granger causality test has been used for the analysis for the sample period of 1972-2013. The results reveal negative impacts of these flows on economic growth of the economy in long run. Short run analysis confirmed unidirectional causality running from debt service, FDI, inflation and literacy rate to growth. Causality from domestic investment is not concluded but …
Do Foreign Direct Investment And Foreign Aid Promote Good Governance In Africa?, Adugna Lemi, Blen Solomon, Sisay Asefa
Do Foreign Direct Investment And Foreign Aid Promote Good Governance In Africa?, Adugna Lemi, Blen Solomon, Sisay Asefa
Adugna Lemi
The literature on the roles that governance/political and economic stability play to attract capital flows into African economies has been burgeoning. Good governance, liberalization, infrastructure, incentive packages have been regarded as cures to break the deadlock to reverse the economic plight, to attract inflow of capital and, in some cases, to reverse outflows of African economies. The flow of capital, however, has undesirable side effects on host economies’ working conditions, environmental standard, inequality, and culture, among others. These economic and social external or negative spillover effects are due to the phenomenon of “race-to-the-bottom” where companies invest in economies with lax …