Foreign Direct Investment, International Trade and Financial Development in BRICS-T Countries: A Bootstrap Panel Causality Analysis

Şahin, Serkan

doi:10.20409/berj.2018.106

Cited by 3 publications

(1 citation statement)

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“…However, there is single track causality between the progress of the financial sector and the inflow of foreign direct investment, and its impact is significant [11]. Through the research on studied the interaction between FDI, national trade and financial progress in the BRIC countries (Russia, China, Brazil, India, South Africa, and Turkey), Sahin concluded that FDI promotes financial progress in Brazil, Russia and China and there is no causal relationship between FDI and financial development in India, South Africa, and Turkey, but financial development promotes FDI in these countries [12]. Based on India's FDI and financial development data from 1980 to 2017, Mishra found that the progress of India's financial sector (especially the banking industry and capital market) has played an important role in attracting FDI, and the substantial growth of FDI will have a significant positive impact on economic growth [13].…”

Section: Literature Reviewmentioning

confidence: 99%

An Empirical Study on the Relationship between Foreign Direct Investment and Economic Growth in Eastern China—Based on the PVAR Model

2022

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

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Over the years, the research on foreign direct investment, economic growth, and financial development has attracted a lot of attention in business studies at home and abroad. Foreign direct investment is widely considered to have an important impact on economic development. The introduction of foreign direct investment not only directly or indirectly affects the regional economic development, but also has a comprehensive impact on the regional export trade, employment, international payments and other aspects of the national economy. Taking the eastern region of China as the research object, this paper studies the relationship between foreign direct investment and regional economic growth by establishing PVAR model, in order to contribute to regional economic development.

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Section: Literature Reviewmentioning

confidence: 99%

An Empirical Study on the Relationship between Foreign Direct Investment and Economic Growth in Eastern China—Based on the PVAR Model

2022

Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

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Exploring the interplay between foreign capital, institutional quality and financial development: a comprehensive bibliometric analysis and systematic review

Farzam,

Dhume Shinkre,

Borde

et al. 2024

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PurposeThis study conducts a systematic literature review and bibliometric analysis to explore the overarching trends, growth trajectories, key themes, significant contributors and scope of research concerning the interplay between foreign capital inflows, institutional quality and the dynamics of financial development.Design/methodology/approachPreferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines have been followed to identify the articles. A thorough literature review was then conducted, supplemented by a bibliometric analysis using the Biblioshiny software within the RStudio platform.FindingsEmpirical research consistently demonstrates a strong correlation between foreign capital inflows, institutional quality and financial development. The bibliometric analysis indicates a 5.56% annual growth rate in this area, alongside a steady increase in scientific output. Regarding country-specific scientific production, China, Malaysia and the United States rank among the world’s top 10 most prolific nations. Thematic map analysis further reveals that the keywords “institutional quality,” “financial development” and “foreign direct investment” are categorized as “basic themes,” highlighting their significant potential for future research.Research limitations/implicationsThe analysis relies on Biblioshiny software; future studies could incorporate other methods such as cluster analysis, citation and co-citation analysis using VOSviewer. Additionally, a more comprehensive meta-analysis covering a longer time span can be considered for future research.Practical implicationsThis study shall assist researchers in identifying recent advancements in the components of foreign capital and their direct and indirect effects on financial development through the lens of institutional quality. It provides valuable insights for scholars, aiding in recognizing emerging trends and patterns in the field. Additionally, it highlights key contributors, including leading authors, journals and countries, thereby fostering global academic collaboration.Social implicationsThis research offers policymakers a clear framework for formulating policies to effectively leverage foreign capital inflows for financial development. It also emphasizes the importance of a strong institutional environment in the relationship between foreign capital inflow and financial market development.Originality/valueThe study uncovers key gaps in the multidimensional aspects of financial development and the heterogeneity of foreign direct investment (FDI), thereby deepening scholars' understanding of trends, growth rates and potential future directions in the field.

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Fi̇nansal Geli̇şmi̇şli̇k Sevi̇yesi̇ni̇n Doğrudan Yabanci Yatirimlar Üzeri̇ndeki̇ Rolü: Kirilgan Beşli̇ Ülkeleri̇ Açisindan Bi̇r Değerlendi̇rme

Çelik¹

2019

M U Iktisadi Ve Idari Bilimler Dergisi

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Çalışmanın amacı kırılgan beşli ülkelerinde finansal gelişmişlik düzeyinin doğrudan yabancı yatırım girişleri üzerindeki etkisini araştırmaktır. Bu bağlamda, kırılgan beşli ülkeleri olan Brezilya, Endonezya, G. Afrika, Hindistan ve Türkiye 1981-2016 dönemi için panel veri yöntemiyle analiz edilmiştir. Modelde yer alan doğrudan yabancı yatırım girişleri (DYY) bağımlı, finansal gelişme (FG), gayri safi yurtiçi hasıla (GSYH) ve tüketici fiyat endeksi (ENF) ise bağımsız değişkenlerdir. Çalışmada, öncelikle değişkenlerin durağanlığını sınamak amacıyla hem birinci hem de ikinci nesil panel birim kök testleri uygulanmıştır. Ardından, değişkenler arasındaki uzun dönem ilişkilerini tahmin etmek amacıyla Pedroni ve Westerlund panel eşbütünleşme testleri uygulanmış ve değişkenler arasında uzun dönem ilişkisinin mevcut olduğu anlaşılmıştır. Uzun dönem katsayıları tam değiştirilmiş en küçük kareler (FMOLS) modeli kullanılarak tahmin edilmiş ve finansal gelişme ile doğrudan yabancı yatırım girişleri arasında ilişki olduğu görülmüştür.

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Foreign Direct Investment, International Trade and Financial Development in BRICS-T Countries: A Bootstrap Panel Causality Analysis

Abstract: The aim of this paper is to investigate, within a Bootstrap panel causality approach, the interactions among foreign direct investment (FDI), international trade and financial development in BRICS-T countries (Brazil, Russia, India, China South Africa and Turkey)

Cited by 3 publications

References 20 publications

An Empirical Study on the Relationship between Foreign Direct Investment and Economic Growth in Eastern China—Based on the PVAR Model

An Empirical Study on the Relationship between Foreign Direct Investment and Economic Growth in Eastern China—Based on the PVAR Model

Exploring the interplay between foreign capital, institutional quality and financial development: a comprehensive bibliometric analysis and systematic review

Fi̇nansal Geli̇şmi̇şli̇k Sevi̇yesi̇ni̇n Doğrudan Yabanci Yatirimlar Üzeri̇ndeki̇ Rolü: Kirilgan Beşli̇ Ülkeleri̇ Açisindan Bi̇r Değerlendi̇rme

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