Exports, Inward Foreign Direct Investment (FDI) and Regional Economic Growth in China

Sun, Haishun; Parikh, Ashok

doi:10.1080/00343400120039597

Cited by 29 publications

(37 citation statements)

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“…First of all in the panel data analyses we do not encounter the problem of observation number deficiency which is common in time series and cross section analysis. That's because, the cross observations collected throughout a period are combined, thus, the number of observations increases (Sun and Parikh, 2001). Secondly, since panel data analysis diminishes the interaction between the variables the parameters will be more reliable (Hsiao, 1999).…”

Section: Panel Data Analysismentioning

confidence: 99%

A Panel Data Analysis of Capital Structure Determinants: Empirical Results from Turkish Capital Market

Bayrakdaroğlu¹,

Ege²,

Yazici³

2013

IJEF

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The determinants of capital structure have been a widely discussed subject in the finance literature. The purpose of this paper is to determine whether firm-specific capital structure determinants in the emerging market of Turkey support the capital structure theories which were developed to explain the company structure in developed economies. Specifically, we try to answer the following questions: Firstly, are determinants of capital structure correlated with the leverage that has been declared in the developed economies setting correlated in Turkey as emerging market as well? And secondly are the modern capital structure theories (e.g. trade-off and pecking-order hypothesis) valid in explaining capital structure of the Turkish companies? In this paper, we apply econometric techniques and panel data analyses. We empirically examine the capital structure of 242 companies of different sectors that are traded in Istanbul Stock Exchange (ISE). In the period of 2000-2009 depending on the findings of the panel data analysis, we can conclude that Turkish companies do not have debt ratio targets. We suggest that Turkish companies follow a hierarchical company structure. More specifically, we claim that trade-off theory is less successful than the pecking order hypothesis in explaining the capital structure of the Turkish companies. Therefore, Turkish companies are following pecking-order hypothesis in their debt behaviors.

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Section: Panel Data Analysismentioning

confidence: 99%

A Panel Data Analysis of Capital Structure Determinants: Empirical Results from Turkish Capital Market

Bayrakdaroğlu¹,

Ege²,

Yazici³

2013

IJEF

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“…Examples include, but are not limited to, Tsai (1991); Wang and Swain (1997); Liu et al (1997); Borensztein Eduardo and Lee (1998); Zhang (2001); Sun and Parikh (2001); Bende-Nabende et al (2001); Liu et al (2002); Shan (2002); Hansen and Rand (2005); Yao (2006);and Chang (2007). They generally report a beneficial effect of FDI on economic growth.…”

Section: Introductionmentioning

confidence: 99%

Does FDI Really Matter to Economic Growth in India?

Baek

2017

Economies

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Abstract:The main contribution of this article is to examine the productivity spillover effects from India's inward foreign direct investment (FDI), controlling for trade, in the framework of the cointegrated vector autoregression (CVAR). For this purpose, using the Solow residual approach the aggregate total factor productivity (TFP) in India is estimated to measure FDI-induced spillovers. The results show that the inflow of FDI to India indeed improves TFP growth through positive spillover effects. We also find that trade appears to have a detrimental effect on TFP growth in India.

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“…As observed by many authors (Wu 1999, Sun 2000, Sun and Parikh 2001, the income gap between China's coastal and inland regions has widened since economic reforms began in 1978. The literature on regional income disparity in China has concentrated on two aspects: the measurement and pattern of regional disparity (Wu 1999) and its sources (Sun 2000).…”

Section: Tingsong Jiangmentioning

confidence: 87%

China 2002: WTO entry and world recession

Garnaut¹,

Song²

2012

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Exports, Inward Foreign Direct Investment (FDI) and Regional Economic Growth in China

Cited by 29 publications

References 0 publications

A Panel Data Analysis of Capital Structure Determinants: Empirical Results from Turkish Capital Market

A Panel Data Analysis of Capital Structure Determinants: Empirical Results from Turkish Capital Market

Does FDI Really Matter to Economic Growth in India?

China 2002: WTO entry and world recession

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