An Empirical Study in Albania of Foreign Direct Investments and Economic Growth Relationship

Çakërri, Lorena; Muharremi, Oltiana; Madani, Filloreta

doi:10.32479/ijefi.9294

Cited by 11 publications

(11 citation statements)

References 13 publications

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“…Hansen and Rand (2006) assessed the FDI–growth nexus in a set of 31 developing economies, and the results revealed a long-run impact of FDI inflows on the economic growth of host country. Cakerri et al. (2020) also found a long-run relationship between FDI and economic growth.…”

Section: Review Of Literaturementioning

confidence: 84%

“…Hansen and Rand (2006) assessed the FDIgrowth nexus in a set of 31 developing economies, and the results revealed a long-run impact of FDI inflows on the economic growth of host country. Cakerri et al (2020) also found a long-run relationship between FDI and economic growth. Mowlaei and Intezar (2021) studied the FDIgrowth relationship in a set of 30 Islamic countries and found a positive impact of FDI on economic growth.…”

Section: Review Of Literaturementioning

confidence: 84%

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The interaction between FDI, host country characteristics and economic growth? A new panel evidence from BRICS

Joo

Shawl

Makina

2022

JED

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PurposeThis study aims to assess the impact of foreign direct investment (FDI) on growth in presence of host country characteristics, namely, economic stability, human capital, financial development and trade openness, in the fastest emerging Brazil, Russia, India, China, South Africa (BRICS) economies, considered to be significant FDI destinations.Design/methodology/approachThe panel data for the variables under study, collected from World Investment Reports published by World Bank, are analyzed using feasible generalized least squares method to examine the relationship between the dependent and explanatory variables over the period 1987–2018. The interaction effect has been studied to examine the growth impact of FDI in presence of host country characteristics.FindingsThe findings revealed that FDI does not exert a significant impact on the economic growth of BRICS individually but has a significant growth impact only in presence of host country characteristics. FDI on interacting with financial development, trade openness and human capital exerts a positive impact on the economic growth of BRICS economies, and on interacting with economic instability (inflation), FDI has a negative impact on growth.Practical implicationsThe study has implications for policy makers of BRICS countries who are suggested to work toward the development of financial markets, trade liberalization and human capital development to realize the positive growth impact of FDI.Originality/valueVery few studies have been conducted to examine the growth effect of FDI in BRICS economies, which are considered to be the fastest-growing economies and dominant players in the global investment landscape. Assessing the interaction of FDI with absorptive capacities/host country characteristics to study its growth impact in BRICS using long data and robust panel data methodology is an original contribution of this paper toward the existing body of knowledge.

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Section: Review Of Literaturementioning

confidence: 84%

Section: Review Of Literaturementioning

confidence: 84%

The interaction between FDI, host country characteristics and economic growth? A new panel evidence from BRICS

Joo

Shawl

Makina

2022

JED

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“…In the long term, technology implementation has an insignificant and positive relationship with economic growth. This means that technological developments are not sufficient to affect long-term economic growth (Lorena Cakerri, et al, 2020). Meanwhile (Robert Solow, 1970) proves that advances in technology, skills and skills of the workforce can affect economic growth.…”

Section: Technology Implementation and Economic Growthmentioning

confidence: 99%

Determinant of Economic Factors on Economic Growth in West Kalimantan Province 2011-2019

Saputro¹,

Hubeis²,

Sidik³

et al. 2022

Proceedings of the 2nd International Conference on Law, Social Science, Economics, and Education, ICLSSEE 2022, 16 April 2022,

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This study aims to prove the opinion of classical economists about the effect of investment, population as proxied by the number of workers who work and the development of technological advances on economic growth. The method used in this study is a quantitative method using panel data regression analysis techniques, namely a combination of cross-sectional and time series data. The results of the study simultaneously state that investment, labor absorption and technology implementation have a positive and significant impact on economic growth in the province of West Kalimantan. The results of the study prove that investment has a positive and insignificant effect on economic growth, labor absorption has a positive and significant effect on economic growth, while technology implementation has a negative and insignificant effect on economic growth in the province of West Kalimantan.

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“…In an attempt to overcome non‐stationarity in data series, a unit root test coupled with co‐integration regression following Engle and Granger (1987) and vector error correction models (VECM) following Johansen and Juselius (1990) have been widely used (see, e.g., Alexander & Johnson, 1992; Barkoulas et al, 2003; MacDonald & Taylor, 1991; McFarland et al, 1994). Recent applications of VECM models include Ali and Mingque (2018), Camba (2020), Cakerri et al(2020), Kuo (2016, 2018), and Teniwut et al (2019). Results from these studies, however, are mixed.…”

Section: Literature Reviewmentioning

confidence: 99%

Efficiency of Tanzania's foreign exchange market

Epaphra

Kazungu

2021

African Development Review

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This paper examines market efficiency in the foreign exchange market in Tanzania. A nonlinear Markov switching model was used to analyse the Tanzanian shilling against the US dollar spanning from 2 January 2009 to 30 April 2020. The estimation period was 2 January 2009–28 May 2019, and the post‐sample forecast period was 28 May 2019–30 April 2020. From the results of the two‐state Markov switching model, we define State 1, which is more volatile, as the inefficient state and State 2, which is less volatile, as the efficient one. In the unconditional probabilities from the Markov switching model, the exchange rate has a 94% probability in the inefficient state, which indicates that 94% of all speculators fully extract information when predicting future exchange rates, while 30% of all investors do not; suggesting that the foreign exchange market undergoes conditions of efficiency and inefficiency. In addition, findings showed that the exchange rate is expected to spend approximately 18 days in regime 1 and 8 days in regime 2. The policy implication of these findings is that foreign exchange market participants should pay attention to regimes and underlying market conditions when designing and applying their investment strategies.

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An Empirical Study in Albania of Foreign Direct Investments and Economic Growth Relationship

Cited by 11 publications

References 13 publications

The interaction between FDI, host country characteristics and economic growth? A new panel evidence from BRICS

The interaction between FDI, host country characteristics and economic growth? A new panel evidence from BRICS

Determinant of Economic Factors on Economic Growth in West Kalimantan Province 2011-2019

Efficiency of Tanzania's foreign exchange market

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