FDI and its Relation with Exports in India, Status and Prospect in North East Region

Goswami, Chandrama; Saikia, Karuna

doi:10.1016/j.sbspro.2012.03.280

Cited by 23 publications

(13 citation statements)

References 17 publications

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“…Foreign investments may improve R&D opportunities, innovation and the export activities of Indian manufacturing firms. One such catalytic effect was corroborated by Goswami and Saikia's (2012) finding of bi-directional causality between FDI and exporting activities, especially during the reform period. Openness and the FDI environment have been further bolstered by favourable business policies including tax cuts, a broadened tax base and reduced interest rates.…”

Section: Introductionmentioning

confidence: 78%

Spillover Effects of Research and Development, Exports and Foreign Investment on Productivity

Pradeep

Bhattacharya

Chen

2017

Journal of South Asian Development

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The economic reforms in India since the early 1990s have aimed to improve the productivity and competitiveness of major industries. This article examines direct and indirect (spillover) effects from research and development (R&D), exporting activities and foreign direct investment (FDI) on the productivity of foreign and domestic manufacturing firms. Our empirical model employs data from over 1,000 Indian manufacturing firms between 1994 and 2008. With a balanced panel, robust estimation techniques including generalized method of moment (GMM) and system-GMM (sys-GMM) are employed for our empirical analysis. In most cases, our findings indicate that foreign presence has a significant positive spillover effect on the productivity of Indian manufacturing firms when compared to alternative spillovers from R&D and export initiatives. The spillover effects may vary due to R&D efforts and exporting activities. We also find that spillovers may vary between FDI and non-FDI firms and with the technological advances of industries.

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Section: Introductionmentioning

confidence: 78%

Spillover Effects of Research and Development, Exports and Foreign Investment on Productivity

Pradeep

Bhattacharya

Chen

2017

Journal of South Asian Development

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“…The upsurge of FDI leads to high ( financial) growth and capital formation in host countries. FDI has witnessed dramatic growth in developed and developing countries since the 1990s measure of country-level efficiency and positioned efficiency either under resource-seeking (Bilgili et al, 2012;Goswami and Saikia, 2012;Alam and Zulfiqar Ali Shah, 2013) or efficiency-seeking (De Vita and Kyaw, 2008;Freckleton et al, 2012) FDI. It may also be sited as strategic consideration for lifting FDI inflow.…”

Section: Introductionmentioning

confidence: 99%

Determinants of FDI in developed and developing countries: a quantitative analysis using GMM

Saini

Singhania

2018

JES

165

116

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Purpose The purpose of this paper is to investigate the potential determinants of FDI, in developed and developing countries. Design/methodology/approach This paper investigates FDI determinants based on panel data analysis using static and dynamic modeling for 20 countries (11 developed and 9 developing), over the period 2004-2013. For static model estimations, Hausman (1978) test indicates the applicability of fixed effect/random effect, while generalized moments of methods (GMM) (dynamic model) is used to capture endogeneity and unobserved heterogeneity. Findings The outcome across different countries depicts diverse results. In developed countries, FDI seeks policy-related determinants (GDP growth, trade openness, and freedom index), and in developing country FDI showed positive association for economic determinants (gross fixed capital formulation (GFCF), trade openness, and efficiency variables). Research limitations/implications The destination of FDI is limited to 20 countries in the present paper. The indicator of the institutional environment, namely economic freedom index, used in this paper has received some criticism in calculations. Practical implications The paper enlists recommendations for future FDI policies and may assist government in providing a tactical framework for skill development, thereby increasing manufacturing growth rate. The paper also throws light on vertical and horizontal capital inflows considering resource, strategy, and market-seeking FDI. Social implications FDI may bring significant benefits by creating high-quality jobs, introducing modern production and management practices. It highlights how multinational corporations and government contribute to better working conditions in host countries. Originality/value The paper uncovers important features like macroeconomic variables, especially country-wise efficiency scores, policy variables, GFCF, and freedom index, for determining FDI inflows in 20 countries using panel data methods and provides a roadmap for developed and developing countries. The study highlights endogeneity and unobserved heteroscedasticity by applying GMM one- and two-step procedure.

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“…However, the procedure was intermitted, uneven, and loath. The major departure from the pre-liberalization model of state controls was marked by New Economic Policy (NEP), which was adopted by India in 1991 to remove all sorts of restrictions in the areas of international trade and investments (Goswami & Saikia, 2012; Prakash, Nauriyal, & Kaur, 2017; Sarkar, 1997). The government also plunge a cautious and balk privatization process.…”

Section: Introductionmentioning

confidence: 99%

Technological Intensity of Indian Exports and the Performance of Emerging Asian Economies

Bhatia

2018

Emerging Economy Studies

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The increasing share of technological-intensive products in the world trade has recognized technology and technological capabilities as a major factor for competitiveness and growth. Notably, the emerging countries are progressively becoming the exporters of the products that are technologically more intensive. Thus, the current study presents an analysis of Indian exports and the performance of emerging Asian economies in terms of technological intensity over the period 1980–2016. The study shows that the exports of all the said emerging economies have a large technological base owing to their significant investments in R&D and open-door policies. While the figures of India also show a steady though slow technological upgradation from low-tech to medium-tech and high-tech exports but when compared to the standards of these emerging economies, they are low. Thus, in order to increase the technological intensity of its exports, there is a need to invest more in high-tech and medium-tech R&D activities and overcome the technological barriers. There is also a need to devise the policies that would make a favorable environment for attracting more outward-oriented foreign direct investment (FDI).

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FDI and its Relation with Exports in India, Status and Prospect in North East Region

Cited by 23 publications

References 17 publications

Spillover Effects of Research and Development, Exports and Foreign Investment on Productivity

Spillover Effects of Research and Development, Exports and Foreign Investment on Productivity

Determinants of FDI in developed and developing countries: a quantitative analysis using GMM

Technological Intensity of Indian Exports and the Performance of Emerging Asian Economies

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