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Full-Text Articles in Social and Behavioral Sciences
Provincial Development In China: Lessons From Eu Regional Policy Experience, Phillip J. Bryson, Keren Sun
Provincial Development In China: Lessons From Eu Regional Policy Experience, Phillip J. Bryson, Keren Sun
Faculty Publications
Regional development in the Chinese provinces and in the regions of the EU countries are evaluated and compared. Development efforts in southern Italy, northeast England and eastern Germany are reviewed along with EU, Community-wide regional development programs. Equity concerns suggest promotion of regional policy, but the pursuit of maximum national economic growth would avoid it, since it sacrifices some economic growth. The impact of FDI and domestic investments on individual Chinese provinces is compared with their impact in Europe. There is an implicit contrast between public sector regional development programs and more effective private foreign direct investments.
The Role Of Exchange Rate Uncertainty And Political Risk On Foreign Direct Investment Into Africa, Blen Solomon
The Role Of Exchange Rate Uncertainty And Political Risk On Foreign Direct Investment Into Africa, Blen Solomon
International Conference on African Development Archives
This study, examines the roles of macroeconomic uncertainty, political risk, as well as host country institutions, in affecting FDI inflows into African economies. The past few decades have witnessed a surge of FDI inflows to developing regions. However, FDI inflows to Africa still remain small when compared to other developing regions. What characteristics does Africa exhibit that deter FDI inflows into the region? Investor surveys show political instability, corruption and macroeconomic uncertainty to be strong deterrents of FDI inflows to Africa. However, there are very few studies in the literature that investigate rigorously the impact of macroeconomic uncertainty and political …
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
International Conference on African Development Archives
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 …
Foreign Direct Investment And Transition Economies: Empirical Evidence From A Panel Data Estimator, Kamal Upadhyaya
Foreign Direct Investment And Transition Economies: Empirical Evidence From A Panel Data Estimator, Kamal Upadhyaya
Economics & Business Analytics Faculty Publications
This paper identifies the factors that determine FDI inflows in the former socialist countries of Eastern and Central Europe. In our analysis, FDI inflows are modeled as a function of the market size (i.e., real GDP), inflation, the current account balance, the real exchange rate, openness and government regulation -- for the host country. Using data from 1995 to 2004, a panel data estimator suggests that the real exchange rate, openness of the economy and deregulation are the primary factors determining FDI inflows in these countries.
Foreign Aid, Fdi And Economic Growth In East European Countries, Kamal P. Upadhyaya, Gyan Pradhal, Dharmendra Dhakal, Rabindra Bhandari
Foreign Aid, Fdi And Economic Growth In East European Countries, Kamal P. Upadhyaya, Gyan Pradhal, Dharmendra Dhakal, Rabindra Bhandari
Economics & Business Analytics Faculty Publications
This paper examines the effectiveness of foreign aid and foreign direct investment in the Czech Republic, Estonia, Hungary, Latvia, Lithuania and Poland. The model includes the labor force, capital stock, foreign aid and foreign direct investment, and is estimated using pooled annual time series data from 1993 to 2002. Before carrying out the estimation, the time series properties of the data are diagnosed and an error-correction model is developed and estimated using a fixed-effects estimator. The results indicate that an increase in the stock of domestic capital and inflow of foreign direct investment are significant factors that positively affect economic …
Wage Share, Globalization, And Crisis: The Case Of The Manufacturing Industry In Korea, Mexico, And Turkey, Özlem Onaran
Wage Share, Globalization, And Crisis: The Case Of The Manufacturing Industry In Korea, Mexico, And Turkey, Özlem Onaran
PERI Working Papers
The aim of this paper is to analyze the changes in the wage share in manufacturing industry in Mexico, Turkey, and Korea in the era of globalization. The focus is on the one hand over the effects of globalization on the wage share , which are measured by the effects of international trade and FDI intensity of the economy. On the other hand, the process of opening up has been accompanied by major currency crises in most developing countries in the last decade, which has affected the wage share through exchange rate depreciation and economic recession. The paper develops a …