Assessment of Foreign Direct Investment-Led Growth Argument in South Africa Amidst Urbanization and Industrialization: Evidence from Innovation Accounting Tests

Joshua, Udi; Güngör, Hasan; Bekun, Festus Vıctor

doi:10.1007/s13132-022-01015-9

Cited by 12 publications

(9 citation statements)

References 60 publications

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“…confirms the findings of the earlier studies such asDas and Pant (2006),Sharma and Kaur (2013),Sharma and Kautish (2020),Tecel et al (2020),Olorogun et al (2020),Dossu (2021) andJoshua (2022).…”

supporting

confidence: 91%

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Nexus between economic factors and FDI equity inflows: a causality analysis in ARDL approach

Kanodia,

Mohapatra,

Jena

2023

XJM

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Purpose Economic literature highlights both positive and negative impact of FDI on economic growth. The purpose of this study is to confirm the relationship between various economic factors and FDI equity inflows and find out deviations, if any. This is investigated using standard time-series econometric models. The long and short run relationship is inquired with respect to market size, inflation rate, level of infrastructure, domestic investment and openness to trade. The choice of variables for Indian economy is purely based on empirical observations obtained from scientific literature review. Design/methodology/approach The study involves application of autoregressive distributive lag (ARDL) model to investigate the relationship. The long run co-integration between FDI and economic growth is tested by Pesaran ARDL model. The stationarity of data is tested by augmented Dickey Fuller test and Phillip–Perron unit root test. Error correction model is applied to study the short run relationship using Johansen’s vector error correction model method besides other tests. Findings The results show that the domestic investment, inflation rate, level of infrastructure and trade openness influence inward FDI flows. These factors have both long and short-term relationship with FDI inflows. However, market size is insignificant in influencing the foreign investments inflows. There lies an inverse relation between FDI and inflation rate. Originality/value To the best of the authors’ knowledge, the study is original. The methodology and interpretation of results are distinct and different from other similar studies.

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supporting

confidence: 91%

“…The study established a long run relationship between FDI and economic growth in the country. Joshua et al (2022) in their research highlighted FDI led growth hypothesis for South Africa. The outcome confirms that FDI inflows have a strong, positive and unidirectional impact on economic growth.…”

Section: Domestic Investmentmentioning

confidence: 98%

Nexus between economic factors and FDI equity inflows: a causality analysis in ARDL approach

Kanodia,

Mohapatra,

Jena

2023

XJM

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“…The reason is that without countries fulfilling their Nationally Determined Commitments (NDCs) pledges on carbon emissions reduction, achieving the global target will remain an illusion. Among several countries that have shown significant commitments to substantially halt the pervasive surge in carbon emissions for environmental sustainability, the Swedish economy standouts for at least four reasons ( Erdoğan et al., 2022 ; Joshua et al., 2022 ; Mujtaba et al., 2022 ).…”

Section: Introductionmentioning

confidence: 99%

The environmental aspects of renewable energy consumption and structural change in Sweden: A new perspective from wavelet-based granger causality approach

Adebayo

Ibrahim

Agyekum

et al. 2022

Heliyon

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“…Testing the normal distribution of series involved the use of Jargue-Bera and its probability [32] . If the probability value of the Jargue-Bera is greater than 5%, we reject the null hypothesis and conclude that the series are normally distributed.…”

Section: Descriptive Statisticsmentioning

confidence: 99%

The effect of bank credits on agricultural output in Nigeria: 1981–2019

Ugbede Junior,

Nwankwo

2023

Sustain. Econ.

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The agriculture sector of the Nigerian economy has suffered a severe setback, particularly after the advent of oil in mass production. The government shifted attention completely to the oil sector at the detriment of the agriculture sector, resulting in a practice of mono-economy. However, in recent times, the government has seen the need to diversify the economy to reduce over-dependent on the oil sector. Thus, both the bank and the government have been channeling resources to the sector to boast its productive capacity. Thus, this study seeks to investigate the impact of bank credit on the agriculture sector from 1981 to 2019. The data was subjected to a preliminary test—unit root test—to ascertain the order of integration and subsequently the method of estimation. The unit root outcome shows a mixed order, which informed the adoption of the dynamic ARDL method. The finding from the estimation proved that the impact of bank credit on agriculture productivity in the long run is positive but weak. This suggests that bank credit to agriculture could not explain the variation in the performance of sectoral output. In contrast, the impact of government expenditure on the agriculture sector is strong and positive. This validates the significant contribution of government involvement in the revival of the sector. Thus, a recommendation is made of the need for banks to increase their credit and loan advances to the agriculture sector by lowering the interest charged on loans to the sector. Secondly, banks should give close monitoring to the funds loaned out to the agriculture sector to ensure the funds are truly channeled to the sector and not diverted. Moreso, the government can still do more for the sector to fully revive. More productivity-enhancing strategies, such as subsidizing modern farm equipment, seeds, and so on, can still be put in place by the government to assist the sector regain its lost glory.

show abstract

Assessment of Foreign Direct Investment-Led Growth Argument in South Africa Amidst Urbanization and Industrialization: Evidence from Innovation Accounting Tests

Cited by 12 publications

References 60 publications

Nexus between economic factors and FDI equity inflows: a causality analysis in ARDL approach

Nexus between economic factors and FDI equity inflows: a causality analysis in ARDL approach

The environmental aspects of renewable energy consumption and structural change in Sweden: A new perspective from wavelet-based granger causality approach

The effect of bank credits on agricultural output in Nigeria: 1981–2019

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