The welfare effects of FDI: A quantitative analysis

Zelity, Balazs

doi:10.1016/j.jce.2021.09.007

Cited by 10 publications

(3 citation statements)

References 35 publications

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“…(5) Foreign direct investment (FDI). The relationship between the degree of foreign economic engagement and urban welfare encompasses both a "pollution haven" effect and technology spillover [63,64]. While foreign direct investment can relocate pollution to host countries, it also facilitates the dissemination of new technologies and concepts from abroad.…”

Section: Selection Of Model Variablesmentioning

confidence: 99%

The Impact and Spatial Spillover Effects of Tourism Development on Urban Welfare: Empirical Evidence from the Yangtze River Delta in China

Chen,

Hu,

et al. 2024

Systems

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The ultimate goal of China’s tourism industry is to create a flourishing sector that brings happiness. It is of immense theoretical and practical importance to investigate the impact of tourism development (TD) on urban welfare (UW) and uncover its spatial spillover characteristics from a macro perspective. Utilizing panel data from 41 cities in the Yangtze River Delta region from 2000 to 2021, this study applies the spatial panel Durbin model to explore the direct and spillover effects of TD on UW. The results show that TD significantly boosts UW in both local and neighboring areas, with the spillover effects taking a dominant position in the total effects. Examining the sub-dimensions of UW, the local welfare effects of TD primarily stem from economic welfare, whereas the spillover effects are characterized by the “three-wheel drive” of economic, social, and environmental welfare. This study can provide practical insights into the coordinated and sustainable development of the regional tourism industry.

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Section: Selection Of Model Variablesmentioning

confidence: 99%

The Impact and Spatial Spillover Effects of Tourism Development on Urban Welfare: Empirical Evidence from the Yangtze River Delta in China

Chen,

Hu,

et al. 2024

Systems

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“…Tian [59] compares the efficiency of tax rate reduction policy and investment cost subsidy policy for the host government to attract FDI. Some literature focus on the impacts of the inflow of FDI, such as entrepreneurial activities [60], country welfare [61], regional economic growth [62], pollution [63], et al However, a lack of research studies on the reasons why local governments change their preference for investment attraction. We provide the extension to motivate and guide future research on the channels linking fiscal decentralization and local governments' investment attraction action.…”

Section: Literature Reviewmentioning

confidence: 99%

Like the new and hate the old: The impact of fiscal decentralization on regional development strategy

2022

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This paper evaluates the impact of China’s fiscal decentralization reform, namely the “Province-Managing-County” (PMC) fiscal reform, on local governments’ regional development strategy using county-level data in China covering 2000 to 2013. Surprisingly, after implementing the PMC fiscal reform, local governments will adjust their strategy of supporting zombie firms and attracting new firms, indicating that fiscal decentralization has changed the regional development strategies of local governments. We perform a difference-in-differences (DID) analysis and find that the PMC fiscal reform materially induces an average rise of 0.131 in newly added firms, an average decline of 0.383 in zombie firms, and no significant change in other firms. There is a pronounced substitution effect between zombie firms and newly added firms. We also find evidence supporting this argument: the government’s subsidy, tax treatment, and financial support. Our study provides empirical evidence that local governments’ regional development strategies can be affected by fiscal decentralization.

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“…FDI is a key determinant of macroeconomic growth (Iamsiraroj and Ulubaşoğlu 2015) and an integral part of an open and effective international economic system (Nielsen et al 2017). FDI plays a crucial role in advanced and developing countries (UNCTAD 2021) and significantly contributes to national productivity and wages (Zelity 2022). Moreover, FDI represents a critical component of the economic development of emerging market economies (EMEs), as their national companies constantly need international funding, technology, and know-how to boost their international business and sales (Domazet and Marjanović 2018a).…”

Section: Introductionmentioning

confidence: 99%

Political environment as a factor of foreign investment in Serbia

Domazet¹,

Marjanović²,

Lazić³

2023

Srpska politička misao

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The purpose of the paper is to research the influence of political environment factors on the inflow of foreign investments in Serbia. Keeping in mind that many countries in Southeast Europe find themselves in a situation where foreign investments are a necessity and a need for whole economic development, this research focused on Serbia owing to its results in foreign investment attraction during a transition period. Primary data collected using a survey technique on 88 foreign companies that invested in Serbia from 2001 to 2019 were analysed using a quantitative methodology (ANOVA and t-test). The results indicate that the stability of the government and the rule of law are the most important conditions for foreign investors in Serbia. This research's originality is reflected in the primary data and research results obtained.

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The welfare effects of FDI: A quantitative analysis

Cited by 10 publications

References 35 publications

The Impact and Spatial Spillover Effects of Tourism Development on Urban Welfare: Empirical Evidence from the Yangtze River Delta in China

The Impact and Spatial Spillover Effects of Tourism Development on Urban Welfare: Empirical Evidence from the Yangtze River Delta in China

Like the new and hate the old: The impact of fiscal decentralization on regional development strategy

Political environment as a factor of foreign investment in Serbia

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