Sectoral FDI, absorptive capacity and economic growth – empirical evidence from Egyptian governorates

Hanafy, Shimaa; Marktanner, Marcus

doi:10.1080/09638199.2018.1489881

Cited by 24 publications

(43 citation statements)

References 75 publications

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“…Thus, considering the above, the effects of these activities on GDP have been adverse. The negative impact of the primary sector FDIs on growth was also found by Alfaro (2003), Aykut & Sayek (2005), and Hanafy (2015). Manufacturing is thought to be an engine for a country's economic and social development, which boosts efficiency, generates new jobs, and improves the living standard.…”

Section: Resultsmentioning

confidence: 80%

The Impact of Foreign Direct Investment by Economic Activity on Gross Domestic Product Growth in Kosovo

Govori¹,

Fejzullahu²

2020

AJIS

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The effects of the foreign direct investment (FDI) on economic growth, both in developed and non-developed countries, have been investigated for decades. In Kosovo's new economy, the FDI's presence is essential for economic and social development. This study aims to examine the impact of FDI by economic activities, known as "high-level aggregation," on the gross domestic product (GDP) growth for the period 2010-2019. The multiple regression is used to analyze the strength and direction of the FDI's impact on the GDP. The results show that FDI in the activities belonging to the primary sector has negatively impacted the GDP. In contrast, the FDI in activities of the secondary sector indicates a positive impact. Concerning the tertiary sector, the result differs among the types of activities. The FDI in real estate, renting, and business activities have a positive impact on GDP. Also, the FDI in public administration, education, human health, and social work activities has a substantial impact on GDP growth. The other FDIs belonging to the tertiary sector showed adverse impacts. So, the findings suggest that in a new economy, the FDI in activities that are more apt to induce positive externalities has more potential to increase the GDP in the long run. Otherwise, the impact may be low or adverse.

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Section: Resultsmentioning

confidence: 80%

The Impact of Foreign Direct Investment by Economic Activity on Gross Domestic Product Growth in Kosovo

Govori¹,

Fejzullahu²

2020

AJIS

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“…It would indicate that the gap closes in a convergence mechanism similar to the one discussed in Wang and Blomstrom (1992) and it confirms some of the findings in Bijsterbosch and Kolasa (2010) and Mastromarco and Simar (2014) in this regard. Also, contrary to Bijsterbosch and Kolasa (2010) or Hanafy and Marktanner (2019), the general positive effect of FDI is unconditional in the V4. This could suggest that the required stage of development, outlined in Fillat and Woerz (2011) or Barrios et al (2005), is met in V4.…”

Section: Main Results and Findingsmentioning

confidence: 75%

“…They concluded that the stage of development is crucial for FDI to impact growth. Hanafy and Marktanner (2019) studied Egyptian industries (thus the study only involved one country). They also found that FDI does not have an unconditional effect on growth.…”

Section: Prior Studies and Hypotheses Developmentmentioning

confidence: 99%

Effectiveness of Fdi, Technological Gap and Sectoral Level Productivity in the Visegrad Group

Makieła

Wojciechowski

Wach

2020

Technological and Economic Development of Economy

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The objective of this paper is to investigate the impact of foreign direct investment (FDI) on economic growth and productivity in sectors of the Visegrad Group one decade after their accession to the EU. In order to account for sample heterogeneity, as well as productivity differences, we construct a generalized true random-effects model with varying efficiency distribution. We find that FDI has a positive impact on the Visegrad Group’s sectors and that its effectiveness depends upon the technological gap between the host and home economy. There are three sources of this positive impact: (i) sectoral output and labour productivity growth, (ii) more effective use of input factors, and via (iii) higher efficiency component of the total factor productivity (TFP). These sources form a three-way transmission mechanism through which FDI can impact economic growth conditioned upon FDI effectiveness due to the technological gap.

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“…For example, FDI contributes positively to the economic development of a state when levels of human capital are adequately high, whereas in cases to the contrary, a state can even endure negative effects (Borensztein et al, 1998, p. 134). The impact of FDI is also dependent on the structure of the FDI (Mecinger, 2003, p. 500) 27 and the FDI's economic sector of entry (Hanafy, 2015). Moreover, some studies could find no link between FDI and economic development (Mecinger, 2003, pp.…”

Section: International Ip Law and Economic Developmentmentioning

confidence: 99%

“…3 However, the actual state of economic and legal affairs might not reflect what is posited in economic theory or inscribed in international treaties. At the empirical level studies show the ambiguous effects of IP and FDI on economic development (Hanafy, 2015;Hudson & Minea, 2013, pp.73-74). 4 Moreover, in international adjudication, arguably clear legal provisions addressing economic development might be sidelined or downplayed.…”

Section: Introductionmentioning

confidence: 99%

Economic development dimension of intellectual property as investment in international investment law

Stepanov

2020

World Intellectual Property

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Intellectual property (IP) and foreign direct investment (FDI) are seen as important contributors to economic development. However, once given a closer look, a complex economic landscape emerges. Although, both IP and FDI can be beneficial to the economic development of a country their presence does not automatically guarantee it. From a legal perspective, the treaties governing the two international legal regimes, international IP law and international investment law (IIL), reflect the positive developmental aspirations ascribed to IP and FDI. Nevertheless, once these international treaties are put to the test in international adjudication, economic development becomes a contested notion. In particular, investor-state dispute settlement (ISDS) tribunals are often confronted with economic development as a legal concept and the way they treat it can vastly differ. By relying on the Salini test in ISDS cases dealing with IP, the Tribunals had the chance to address the developmental dimension of IP as FDI. Philip Morris v. Uruguay and Bridgestone v. Panama give a detailed outlook on the different outcomes such considerations might result in.

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Sectoral FDI, absorptive capacity and economic growth – empirical evidence from Egyptian governorates

Cited by 24 publications

References 75 publications

The Impact of Foreign Direct Investment by Economic Activity on Gross Domestic Product Growth in Kosovo

The Impact of Foreign Direct Investment by Economic Activity on Gross Domestic Product Growth in Kosovo

Effectiveness of Fdi, Technological Gap and Sectoral Level Productivity in the Visegrad Group

Economic development dimension of intellectual property as investment in international investment law

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