Accounting for the symmetric and asymmetric effects of FDI-growth nexus amidst financial crises, economic crises and COVID-19 pandemic: application of hidden co-integration

Obiakor, Rowland Tochukwu; Okere, Kingsley Ikechukwu; Muoneke, Obumneke Bob; Nwaeze, Nnamdi Chinwendu

doi:10.1186/s43093-022-00131-x

Cited by 2 publications

(1 citation statement)

References 43 publications

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“…In truth, it is impossible to deny the role that the Chinese government's advocacy of large-scale investment has played in the miracle of economic growth. Both domestic and international investment are vital sources of funding for local governments, as well as a key tool for my nation's local economic development to overcome some fiscal challenges [5][6][7][8]. The Yangtze River Delta region benefits greatly from FDI.…”

Section: Introductionmentioning

confidence: 99%

Impact of Technological Innovation and Covid-19 on the Yangtze River Delta Region’s FDI

2023

SHS Web Conf.

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The Yangtze River Delta is an area in China’s lower portions of the Yangtze River that borders both the Yellow Sea and the East China Sea and contains a large number of coastal ports. Foreign direct investment (FDI) has driven the rapid development of the local economy. However, there are few studies on the impact of local technological innovation on the attractiveness of FDI. This paper examines how technical innovation affects FDI and considers if FDI might be encouraged by technological advancements made during Covid-19. This paper uses the principal component analysis method to establish the technological innovation index. The regression model is established to evaluate the impact of technological innovation and Covid-19 on Foreign direct investment (FDI). We found that technological innovation has a positive effect on FDI. At the same time, under the background of Covid-19, technological innovation is not conducive to attracting FDI. We also provide some recommendations to assist the government in fostering technological innovation. (1) The local government ought to support both homegrown and international innovation. (2) The government should also promote the development of creative talent teams and inspire scientists and technicians to work for regional businesses or launch their own ventures.

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Section: Introductionmentioning

confidence: 99%

Impact of Technological Innovation and Covid-19 on the Yangtze River Delta Region’s FDI

2023

SHS Web Conf.

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The impact of location tax incentives on the growth of rural economy: evidence from Ghana

Amankwaah

Mensah²,

baidoo

2022

Futur Bus J

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Over the last two decades, location tax incentives programs serving as a motivating force have been progressively well known as activities to draw in and/or hold foreign direct investments (FDIs) in economically blighted areas. The study examined the impact of location tax incentives on the growth of the rural economy of Ghana from the period of 1994 to 2018. The data were sourced from Ghana Investment Promotion, UNCTAD, and the World Tax Database. Using ARDL Cointegration and Error Correction Models were estimated to examine the static and dynamic long-run effects as well as the short-run dynamics of the system and the speed of adjustment to the long-run equilibrium. However, FDI is skewed towards the Greater Accra region, Ashanti region, Central region, and Eastern and Western regions notwithstanding the location tax incentives the government has been given since the 1990s. The study shows that there is a positive and statistically significant effect of tax incentives on employment creation and rural development in the long run. It revealed that trade openness and market size have a significant effect on employment creation and rural development. It emerged that there is no correlation between location tax incentives and the regional distribution of FDI in Ghana. It has become a well-established fact that adequate tax holidays are beneficial to businesses and encourage them to make investment decisions. It is therefore recommended that a more extensive mindfulness crusade through workshops, courses, and advertisements is necessary to empower the investors about the accessible business opportunities.

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Accounting for the symmetric and asymmetric effects of FDI-growth nexus amidst financial crises, economic crises and COVID-19 pandemic: application of hidden co-integration

Cited by 2 publications

References 43 publications

Impact of Technological Innovation and Covid-19 on the Yangtze River Delta Region’s FDI

Impact of Technological Innovation and Covid-19 on the Yangtze River Delta Region’s FDI

The impact of location tax incentives on the growth of rural economy: evidence from Ghana

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