Implications of Financial Development of the South for Trade and Foreign Direct Investment from the North PDF Download
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Author: Larry D. Qiu
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Using a North-South model of heterogeneous firms, the paper investigates the effects of the financial development of the South on the choice of international entry mode (export vs foreign direct investment [FDI]) of Northern firms. Such development facilitates the entry of local firms and thus intensifies product market competition. As a result, the intensive margins, extensive margins and total sales from export or FDI of Northern firms are all reduced. The paper provides conditions that determine whether export or FDI is affected more significantly. The results generate empirically testable hypotheses.
Author: Larry D. Qiu
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Using a North-South model of heterogeneous firms, the paper investigates the effects of the financial development of the South on the choice of international entry mode (export vs foreign direct investment [FDI]) of Northern firms. Such development facilitates the entry of local firms and thus intensifies product market competition. As a result, the intensive margins, extensive margins and total sales from export or FDI of Northern firms are all reduced. The paper provides conditions that determine whether export or FDI is affected more significantly. The results generate empirically testable hypotheses.
Author: Denis Medvedev
Publisher: World Bank Publications
ISBN:
Category : Barriers
Languages : en
Pages : 66
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Book Description
Abstract: The author investigates the effects of preferential trade agreements (PTAs) on the net foreign direct investment (FDI) inflows of member countries using a comprehensive database of PTAs in a panel setting. He finds that PTA membership is associated with a positive change in net FDI inflows, and the FDI gains are increasing in the market size of the PTA partners and their proximity to the host country. The author identifies several different channels through which preferential trade liberalization may affect FDI, and confirms that both threshold effects (signing the agreement) and market size effects (joining a larger and faster-growing common market) are important determinants of net FDI inflows, although the latter seem to dominate. The estimated relationship is largely driven by North-South PTAs, and is most pronounced in the late 1990s and early 2000s, the period when the majority of "deep integration" PTAs had been advanced.
Author: Hugh Dang
Publisher: Cambridge Scholars Publishing
ISBN: 1527525988
Category : Business & Economics
Languages : en
Pages : 489
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Book Description
This book explores several aspects of foreign direct investment (FDI) and their linkages to African economies. It will appeal to policy makers, development agency professionals and researchers, based as it is on stylized facts and rigorous analytical studies. The reader will find state-of-the-art analyses on FDI-related topics throughout the chapters. Policy makers and development professionals will find in this book a useful guide to draw sound policies based on facts and rigorous analyses.
Author: Jakob Schwab
Publisher: Springer
ISBN: 3658228113
Category : Business & Economics
Languages : en
Pages : 150
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Book Description
Jakob Schwab analyzes central mechanisms in the systematic economic interaction between rich and poor countries. He focuses on the drivers and effects of investment in developing countries and shows that predictions of standard economic analysis may turn around when accounting for peculiarities of North-South globalization. The author shows how endowments with educational skill levels may lead to complementarity between trade and capital inflows, how inflows of direct investment capital may hinder income growth in poor countries, and how the distributional effects of the presence of multinational enterprises are perceived differently in countries of different development structures.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264679731
Category :
Languages : en
Pages : 187
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Book Description
This Review assesses Ukraine’s investment climate vis-à-vis the country’s energy sector reforms and discusses challenges and opportunities in this context. Capitalising on the OECD Policy Framework for Investment and other relevant instruments and guidance, the Review takes a broad approach to investment climate challenges facing Ukraine’s energy sector.
Author:
Publisher:
ISBN:
Category : Electronic dissertations
Languages : en
Pages : 140
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Book Description
This study examines the economic sense in policies that promote or aim to attract more Foreign Direct Investment (FDI) by specifically focusing on the determinant of FDI and how they impact the economic growth of South Africa. The study empirically identifies and investigates the determinants of FDI on South African economic growth as well as FDI attraction and its correlation with economic growth over the period 1994 to 2010 through the utilization of Cointegration and Error-Correction Model to identify the variables in explaining FDI in South Africa. This study analysis trends and the determinants of FDI as well as their impact on the South African economy. FDI is seen as the means of providing the needed capital injection to stimulate growth in the host economy. FDI can as well result in increased employment rate, managerial skills and technological increase. Multinational Corporation (MNC) should agglomerate in such a way that is consistent with country specific externalities. There is somewhat weak evidence that FDI generates positive spillover effects to the host country. In instances where FDI generates positive productivity spillovers for domestic market economy, FDI subsidies and incentives should be warranted particularly where they have been proven to have a catalytic role in FDI attraction. The study also indicates a positive and significant impact of reform on FDI in South Africa. The study considers trade Openness, GOP per capita as well as the Cost of labour variables on explaining FDI inflows. All variables indicate correct signs and are statistically significant except for cost of labour. There is some mild evidence that labour cost impedes FD I inflows. The infrastructure levels as well as other variables are directly related to FDI. In its endeavour to attract FDI , the host country undertakes various policy incentives to attract foreign investors. All these outcomes have important implications for improving the national economy which can be helpful in the allocation of funds and resources much needed for FDI attraction. This study clearly emphasizes the role of policy in FDI attraction as well determining short-run and long-run growth in South Africa by firstly providing the macroeconomic background. Secondly, it reviews FDI literature on its determinants and related policies undertaken in South Africa. It further establishes a linear empirical relationship between these determinants, and variables to determine the direction of the causality as well as contribute to the debate on the relationship between FDI and growth through regression analysis. It assesses the growth implications of FDI in South Africa and the regional economic implications by subjecting FDI to Granger causality tests within the cointegration framework. The results suggest that in the host country, there exist a positive correlation between FDI and economic growth. In relation to other developing countries as well as the size of the economy, South Africa still receives low levels of FDI inflows with exception of 1997, 2001 and 2005. The major contributors are financial sector, mining and manufacturing sectors. One can conclude that the South African government should consider encouraging capital-intensive FDI through capacity building and further development of skilled labour force. The empirical analysis indicates that openness, the rate of exchange as well as the financial development and improved labour costs are important long run determinants of FDI . The study sets up further research that may be helpful in exposing the South African economy with greater FDI potential as well as indentify regional specific interventions needed to improve certain conditions to receive more FDI. The effects of trade liberalization imply that African countries require African specific solution. Policies that have been successful in other countries may not suggest that they equally successful in African countries.
Author: Justin van der Merwe
Publisher: Springer
ISBN: 3030050963
Category : Political Science
Languages : en
Pages : 216
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Book Description
This book presents a new theory explaining underdevelopment in the global South and tests whether financial inputs, the government-business-media (GBM) complex and spatiotemporal influences drive human development. Despite the entrance of emerging powers and new forms of aid, trade and investment, international political-economic practices still support well-established systems of capital accumulation, to the detriment of the global South. Global asymmetrical accumulation is maintained by ‘affective’ (consent-forming hegemonic practices) and ‘infrastructural’ (uneven economic exchanges) labours and by power networks. The message for developing countries is that ‘robust’ GBMs can facilitate human development and development is constrained by spatiotemporal limitations. This work theorizes that aid and foreign direct investment should be viewed with caution and that in the global South these investments should not automatically be assumed to be drivers of development.
Author: Omar Dahi
Publisher: Anthem Press
ISBN: 1783085878
Category : Political Science
Languages : en
Pages : 255
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Book Description
This book is a contribution to the international trade and economic development literature and is based on a decade of joint research and collaboration on South–South economic relations. Given the increasing focus on the economic power of some developing countries, for example the 2013 Human Development Report’s “Rise of the South”, it is particularly appropriate and timely. [NP] The book’s findings are based on rigorous empirical examination of South–South trade and finance and it provides an even-handed assessment from the perspective of long-term development goals rather than mainstream welfare approaches or ideological/theoretical worldview. [NP] This work directly engages with the ‘new developmentalism’ literature that has challenged the neoliberal orthodoxy and its policy approach, which focuses on liberalization, privatization, and deregulation. It also engages with literature by examining whether the increase in South–South trade facilitates or inhibits the possibilities for developmentalist economic policy in developing countries. The book shows concrete and positive results from South–South trade particularly related to industrial development and also documents how South–South trade is dominated by large developing countries and that South–South trade liberalization may be counterproductive.
Author: Chang-h?i Yu
Publisher: Ewha Womans University Press
ISBN: 9788973003389
Category : Business & Economics
Languages : en
Pages : 394
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Book Description
Author: OECD
Publisher: OECD Publishing
ISBN: 9264018476
Category :
Languages : en
Pages : 72
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Book Description
Drawing on good practices from OECD and non-OECD countries, the Framework proposes a set of questions for governments to consider in ten policy fields as critically important for the quality of a country’s environment for investment.
