Africa: an emerging markets frontier

Vadra, Ratna

doi:10.1504/ajesd.2012.046971

Cited by 5 publications

(5 citation statements)

References 12 publications

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“…This empirical result is consistent with previous studies in developed countries such as Griffith et al (2006b), Falk (2007), Aiello and Cardamone (2008). The evidence is quite suitable with the comments regarding the potential opportunities in the domestic markets of emerging economies (Vadra, 2018). Obviously, in emerging markets, the investment flows always receive higher marginal profit and higher efficiency performance of businesses than in other countries (Vadra, 2018; Anand et al , 2021).…”

Section: Resultssupporting

confidence: 92%

“…The evidence is quite suitable with the comments regarding the potential opportunities in the domestic markets of emerging economies (Vadra, 2018). Obviously, in emerging markets, the investment flows always receive higher marginal profit and higher efficiency performance of businesses than in other countries (Vadra, 2018; Anand et al , 2021). Besides, there is a positive and significant impact of education on economic growth in the sample of emerging economies.…”

Section: Resultsmentioning

confidence: 92%

“…Emerging economies are expected to play a crucial role in improving the global economy, international investment, cross-national supply chain and global finance which contribute significantly to sustainable growth worldwide (Ward, 2009;Vadra, 2018;Dabrowski, 2020). Even though this group of countries has achieved robust growth momentum in recent decades, many countries have encountered challenges in maintaining a high rate of JSTPM 15,3 economic growth.…”

Section: Kao Statistic Test P-value Conclusionmentioning

confidence: 99%

“…with a huge expenditure in R&D and strong R&D activities). Therefore, studies related to these topics are highly necessary in the situation that emerging groups are expected as a new growth source of the world economy in this century (Falk, 2007; Vadra, 2018). Moreover, to the best of our knowledge, there is no research going into the emerging group of countries.…”

Section: Introductionmentioning

confidence: 99%

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Impact of R&D expenditure on economic growth: evidence from emerging economies

Tùng

Hoang

2023

JSTPM

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Purpose Emerging economies have been highlighted as an important growth source of the global economy. However, this group of countries has not received enough academic attention yet. Therefore, this study aims to identify the impact of research and development (R&D) expenditure on economic growth in emerging economies. Design/methodology/approach The theoretical framework of the production function is applied to quantitatively analyse the impact of R&D expenditure on economic growth with a sample of 29 emerging economies in the period between 1996 and 2019. Findings The panel cointegration test confirms the existence of long-run cointegration relationships between economic growth and independent variables in these emerging economies. Besides, the estimated results show that the national R&D expenditure has positive effects on economic growth from both direct and interaction dimensions. This evidence has filled the empirical research gap in the R&D-growth nexus in the case of emerging economies. Finally, while gross capital and education have positive impacts on growth, corruption has a harmful effect on economic growth in these countries. Practical implications The results highlight that policymakers should enhance R&D expenditure and R&D activities as the key national development strategy. The investment in R&D not only helps emerging economies avoid the middle-income trap but also pushes these countries to successfully join the group of developed countries. Originality/value To the best of the authors’ knowledge, this research is among the first to examine the impact of R&D expenditure on economic growth with a homogeneous sample of emerging economies. The results are obviously helpful for policymakers to use R&D as the key development strategy for supporting economic growth in emerging economies in the future.

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Section: Resultssupporting

confidence: 92%

Section: Resultsmentioning

confidence: 92%

Section: Kao Statistic Test P-value Conclusionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Impact of R&D expenditure on economic growth: evidence from emerging economies

Tùng

Hoang

2023

JSTPM

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“…FDI and sustainable development in Africa 1An analysis of foreign direct investment (FDI) projects indicates that, over the past 10 years, Africa has witnessed an increase of 87% in inward FDI (Ernst & Young 2012). Africa per se has remained an attractive investment destination throughout the global downturn and has managed to maintain its relative share of global investment flows as a result (Pickworth 2011;Vadra 2012). When it comes to investment strategies, Africa is high on the agenda of global investors, with 42% of businesses considering investing further in the continent and an additional 19% of executives confirming that they will maintain their operations on the continent (Amadasun & Ojeifo 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

Incorporating the dimensions of sustainability into information systems projects

Joseph

Marnewick

2019

SABR

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Although research has been done on sustainability in project management, little or no research has been conducted on sustainability within the domain of information system (IS) projects. This article reports on whether IS projects are executed sustainably and whether they contribute to organisational sustainability. A questionnaire, completed by 650 IS project managers, was used to determine the state of IS project sustainability. The results highlight that sustainability is not integrated into IS projects and IS project managers do not consider organisational sustainability. IS projects tend to focus on the economic dimension, i.e. increasing productivity and profits, with no thought being given to the social and environmental dimensions. This article recommends that sustainability should be incorporated into project management and IS best practices. Accordingly, the way IS projects are executed should be re-evaluated in terms of their sustainability.

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Does the Political Environment Affect Inflows of Foreign Direct Investment? Evidence from Emerging Markets

Mádr¹,

Kouba²

2015

Acta Univ. Agric. Silvic. Mendelianae Brun.

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The main aim of the paper is to identify and quantify the infl uence of the political environment on the infl ows of foreign direct investment in emerging markets. The paper defi nes emerging markets as Middle Income Countries according to the evaluation of the World Bank. Our sample of countries contains 78 states. The reference period focuses on the period of 1996-2012 due to data availability. The evaluation of the political environment is based on three dimensions: the quality of democracy, political instability and the level of corruption, which are related to three subcomponents of the concept, Governance Matters, provided by the World Bank. The paper distinguishes between two types of political instability omitted in thematic literature, elite and non-elite. The former represents non-violent instability (minority governments, tension related to the holding of elections) while the latter deals with violent forms of instability (civil wars, coups, ethnic and religious riots). The paper uses panel data regression analysis for the purpose of identifi cation and quantifi cation. The research uses fi xed eff ects model with a cluster option. According to the results, the infl uence of the political environment on FDI is not entirely unequivocal in emerging markets; nevertheless, there is a statistically signifi cant dimension -political instability (both parts). The quality of democracy and the level of corruption are signifi cant only in some cases. The paper combines indicators frequently occurring in empirical literature (the Corruption Perception Index, Freedom in the World, Governance Matters) with alternative proxies (the Herfi ndahl Index Government, the Political Terror Scale, the State Fragility Index), which seem to be a perspective for a future research.

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Africa: an emerging markets frontier

Cited by 5 publications

References 12 publications

Impact of R&D expenditure on economic growth: evidence from emerging economies

Impact of R&D expenditure on economic growth: evidence from emerging economies

Incorporating the dimensions of sustainability into information systems projects

Does the Political Environment Affect Inflows of Foreign Direct Investment? Evidence from Emerging Markets

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