Economic growth and welfare: How Foreign Direct Investment contributes to improving social order in less developed countries

Kennedy, Tumenta F.; Bardy, Roland; Rubens, Arthur

doi:10.1386/jots.9.2.185_1

Cited by 3 publications

(1 citation statement)

References 22 publications

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“…Gohou and Soumaré (2012) and Ranjkeshan (2021) noted that foreign direct investment has a greater impact on poverty reduction the poorer and the less developed the country is although richer countries benefit more in absolute terms. Kennedy et al (2012) noted that foreign direct investment influences spillovers that increase the threshold of human capital thereby accentuating an improved standard of living. The empirical evidence of Reiter and Steensma (2010), Gohou and Soumaré (2012), Kolster (2015), Aloui (2019), Allou et al (2020), (Agbloyor, 2019).…”

Section: Discussionmentioning

confidence: 99%

Welfare Effects of Agricultural Foreign Direct Investment in Developing Countries

Djokoto

Henaku

Badu-Prah

2022

Front. Sustain. Food Syst.

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Many developing countries have embraced policies to attract foreign direct investment into their respective economies including the agricultural sector to enhance technology transfer, employment, and trade among other benefits. On the other hand, foreign direct investment into the agricultural sector has been associated with competition with local agricultural produce from imported raw and processed products and land grabbing that has deprived farmers of land for cultivation. These could have implications for the investment and employment of indigenes in the agricultural sector and consequently welfare. This raises the question, does agricultural foreign direct investment promote or discourage welfare? In this paper, we assessed the welfare effects of agricultural foreign direct investment in developing countries. Using an unbalanced panel data of 51 developing countries from 1990 to 2019 with a fixed-effects estimator, we found that agricultural foreign direct investment promotes welfare in developing countries. Openness to trade, population growth, human capital, and infrastructure enhanced welfare. Whilst government expenditure did not promote welfare, inflation did not affect welfare. Whilst promoting foreign direct investment into agriculture, governments in developing countries must improve human capital, develop infrastructure, and pursue trade openness policies. Final government expenditure on goods and services needs to be redirected into funding projects and programmes that improve the health, education, and income of citizens, especially the poor.

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Section: Discussionmentioning

confidence: 99%

Welfare Effects of Agricultural Foreign Direct Investment in Developing Countries

Djokoto

Henaku

Badu-Prah

2022

Front. Sustain. Food Syst.

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Economic growth and welfare: How Foreign Direct Investment contributes to improving social order in less developed countries

Kennedy

Bardy

Rubens

2012

Journal of Organisational Transformation & Social Change

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Ekonomik Büyüme ve Doğrudan Yabancı Sermaye Yatırımları, Borsa İstanbul Şirketleri Üzerine Bir Araştırma

Otluoğlu

Şirin²

2021

Alanya Akademik Bakış

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Bir ülke için kamu ve özel kesim yatırımları ne kadar fazla olursa olsun dış ülke tasarruflarının ülke içerisine girmesi büyüme hedeflerini tutturmada önemlidir. Yurtdışı yatırımlar dolaylı ve doğrudan olmak üzere iki şekilde yapılmaktadır. Dolaylı yatırım fiziki yatırım yapmadan portföy yatırımlarından oluşmaktadır. Doğrudan yatırım ise, ülke sınırları içerisinde fiziki yatırımlarda bulunulmasıdır. Finans literatürü doğrudan yabancı yatırımların, portföy yatırımlarına kıyasla birtakım avantajları olduğunu göstermektedir. Bu çalışmanın amacı Borsa İstanbul'da faaliyet gösteren firmaların finansal performansının doğrudan yabancı yatırımlardan etkilenip etkilenmediğini saptamaktır. 54 Borsa İstanbul'da firmasının 2010-2015 dönemindeki çeyreklik verilerini kapsayan panel veri analizi sonucunda şu sonuçlara ulaşılmıştır. Firma performans ölçütleri olarak kabul edilen aktif karlılığı ve nakit akışı ile DDY arasında pozitif yönlü bir ilişki tespit edilmiştir. Diğer yandan PD/DD oranının DYY'ndan negatif yönlü olarak etkilendiği gözlemlenmiştir.

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Economic growth and welfare: How Foreign Direct Investment contributes to improving social order in less developed countries

Cited by 3 publications

References 22 publications

Welfare Effects of Agricultural Foreign Direct Investment in Developing Countries

Welfare Effects of Agricultural Foreign Direct Investment in Developing Countries

Economic growth and welfare: How Foreign Direct Investment contributes to improving social order in less developed countries

Ekonomik Büyüme ve Doğrudan Yabancı Sermaye Yatırımları, Borsa İstanbul Şirketleri Üzerine Bir Araştırma

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