The effect of COVID-19 on foreign direct investment inflows: stylised facts and some explanations

Moosa, Imad A.; Merza, Ebrahim

doi:10.1186/s43093-022-00129-5

Cited by 10 publications

(11 citation statements)

References 34 publications

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“…"Persistent unemployment represents a direct threat to the economic and social stability of any country that, in turn, hinders its human and economic development. Available literature provides strong evidence that unemployment increases the risk of poverty and contributes to inequality" [6]. According to Alkofahi [4], "reducing unemployment is essential for attaining most of the Sustainable Development Goals (SDGs) by 2030 In pursuant to the aforementioned, successive Nigerian governments have adopted various measures aimed at reducing unemployment through several policies and programmes like the National Directorate of Employment (NDE), Family Economic Advancement Programme (FEAP), Directorate of Food, Roads and Rural Infrastructure (DFRRI), Better Life for Rural Women/Family Support Programme, National Poverty Eradication Programme (NAPEP), Small and Medium Scale Enterprises (SMEs), National Economic Empowerment and Development Strategy (NEEDS) among others.…”

Section: Statement Of the Problemmentioning

confidence: 99%

Section: Conceptual Literature Reviewmentioning

confidence: 99%

“…"On the other hand, foreign direct investment (FDI) is the process whereby the residents of one country (the source country) acquire ownership of foreign assets to control the production, distribution, and other activities of a firm in another country (the host country)" [6]. This study adopts the definition provided by Moosa and Merza [6]. Similarly, the International Monetary Fund's Balance of Payments Manual defines FDI as "an investment that is made to acquire a lasting interest in an enterprise operating in an economy other than that of the investor, the investor's purpose being to have an effective voice in the management of the enterprise".…”

Section: Conceptual Literature Reviewmentioning

confidence: 99%

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Assessing the Impact of Foreign Direct Investment on Unemployment Rate in Nigeria

Chike,

Okeke

2024

AJEBA

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Recent studies have shown that high rate of unemployment as currently witnessed in Nigeria, is one of the factors that can undermine the attainment of goal eight (Decent work and Economic growth) of Sustainable Development Goals (SDGs) by year 2030. Since foreign direct investment (FDI) is an important factor in creating jobs and improving economic growth, it is considered a veritable tool for reducing the unemployment level. Although there have been studies on FDI and unemployment in literature, there is hardly any study on the impact of FDI on rural and urban unemployment. The study pursued threefold objectives which are to ascertain the impact of FDI on aggregate unemployment in Nigeria; to examine the impact of FDI on urban unemployment rate in Nigeria and to determine the impact of FDI on rural unemployment in Nigeria. The study utilized data from 1990 to 2020 as well as dynamic ordinary least squares (DOLS) which eliminates problems of endogeneity and serial correlation. The theoretical framework of the study is anchored on the Keynesian theory of unemployment. The result obtained showed that FDI has a significant impact on aggregate and urban unemployment in Nigeria. However, FDI did not impact significantly on rural unemployment in Nigeria. To effectively use FDI to reduce unemployment, the Nigerian government needs to create an enabling business environment, including favorable investment policies, streamlined regulatory procedures, and infrastructure development plans. Encouraging collaboration between foreign investors and local stakeholders, promoting technology transfer, and implementing strategies to enhance the skill levels of the local workforce are also important aspects to consider.

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Section: Statement Of the Problemmentioning

confidence: 99%

Section: Conceptual Literature Reviewmentioning

confidence: 99%

Section: Conceptual Literature Reviewmentioning

confidence: 99%

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Assessing the Impact of Foreign Direct Investment on Unemployment Rate in Nigeria

Chike,

Okeke

2024

AJEBA

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“…Supporting the recovery from the global economic crisis brought temporary economic equilibrium, which was subsequently replaced by the crisis caused by the COVID-19 pandemic. The pandemic hit the world at a time when the effects of the global financial crisis and the subsequent Great Recession were still affecting the market economy (Moosa, 2022). The new nature of the economic and social crisis due to the spread of COVID-19 caused a spiral of shocks between supply and demand.…”

Section: Introductionmentioning

confidence: 99%

Changes in real income of households in the Czech Republic due to the Russian invasion of Ukraine

Vochozka,

Škapa,

Apanovych

2023

JESI

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The objective of the paper was to assess the impact of the invasion of Ukraine by the Russian Federation on real household income in the Czech Republic. The research methods used in the study include content analysis, seasonal modification of SARIMA, and discounting method, specifically NPV. Data were collected from publicly available sources of the Czech Statistical Office. Based on a content analysis of the macroeconomic indicators under study, inflation and gross monthly household income were selected to examine further development of real household income in the Czech Republic. Based on historical data, the SARIMA model made statistically relevant forecasts of the selected variables for the "pre-war" year 2022. Comparing real and forecast data, it was confirmed that the Russian invasion of Ukraine (from 24 th February 2022 onwards) has shown how vulnerable the European financial system is to external shocks, which can be observed in significant inflationary changes. The ability of the SARIMA model to handle a larger range of data and accurately determined seasonality was demonstrated in forecasting the development of real household income. The identified economic consequences of deviations of the real and forecast figures in the "pre-war" period showed new realities in turbulent economic conditions. In order to further expand the research, combining the applied method with other analytical tools can be recommended. Moreover, it is advisable to include new relevant variables in the model. This would allow understanding better and forecasting the development of real household income in the context of current economic events.

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“…Стан і тенденції інвестування, проблеми створення сприятливого інвестиційного клімату в Україні висвітлено в працях багатьох науковців. Так, автори роблять акцент на тенденціях інвестування в Україні [1]; аналізують стан і зміни обсягів інвестування в глобальному контексті [2]; наводять результати дослідження становища й проблем залучення іноземних інвестицій у національну економіку, обґрунтовують пропозиції щодо покращення інвестиційно-підприємницького клімату [3; 4]. Для забезпечення розвитку національної економіки важливим є направлення інвестицій у інновації.…”

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Причини Інвестиційного Шахрайства І Пропозиції Щодо Його Унеможливлення

Dykha¹

2024

ЕУ

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The main causes of investment fraud are highlighted. Among them the following are named: the desire to invest and receive profits (usually, with inflated requirements for potential profits, unrealistic estimation of return on invested funds and probable profitability of any investment projects); lack of attractive and clear proposals for investing one\\\'s funds or lack or unavailability of information about objects and projects for investment; lack of knowledge about independent management of investment resources. The work algorithm of investment fraudsters is studied. It consists in step-by-step provision of information on pseudo-investments and, accordingly, step-by-step \\\"draining\\\" gullible investors of their funds according to thought-out beforehand fraud instructions. The available legal proposals for investing funds, which are implemented today and which are expedient to use in the future to preserve and increase one\\\'s financial resources, are analyzed. Among them: placement of funds on deposits in banks, purchase of bonds (including war bonds); starting, running, developing a business. It is noted that potential investors should pay attention to the Investment Passports of Territories and Communities, Subsurface User’s Investment Atlas, which contain descriptions of objects for investment. It is substantiated that for potential investors who, for various reasons, cannot independently manage business and investment projects, it is expedient, at the state and local authorities levels, to organize projects, which will both deliver positive outcomes for investors and bring about synergistic positive effects. It is noted that at the state level, it is necessary to react as quickly as possible to the emergence of illegal, criminal fraud schemes, and all citizens, so as not to fall into the fraudsters’ “snare”, should improve their financial and economic literacy and psycho-emotional stability.

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The effect of COVID-19 on foreign direct investment inflows: stylised facts and some explanations

Cited by 10 publications

References 34 publications

Assessing the Impact of Foreign Direct Investment on Unemployment Rate in Nigeria

Assessing the Impact of Foreign Direct Investment on Unemployment Rate in Nigeria

Changes in real income of households in the Czech Republic due to the Russian invasion of Ukraine

Причини Інвестиційного Шахрайства І Пропозиції Щодо Його Унеможливлення

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