Does FDI Crowds In or Out Domestic Investment?: New Evidence from Emerging Economies

2012 ◽  
Author(s):  
Ahmed Kamaly
Keyword(s):  
Emerging Economies ◽  
Domestic Investment ◽  
New Evidence

The Role of Religion and National Culture in Economic Growth of Emerging Markets

2014 ◽  
pp. 250-270 ◽  
Author(s):  
Harish C. Chandan
Keyword(s):  
Economic Growth ◽  
Cultural Values ◽  
National Culture ◽  
Emerging Economies ◽  
Growth Rates ◽  
High Growth ◽  
Political Stability ◽  
Domestic Investment ◽  
Domestic Credit ◽  
The Protestant Work Ethic

Religion can influence economic growth and economic growth can influence religiosity (Barro & Mitchell, 2004; Barro & McCleary, 2003; McCleary, 2007). Earlier, Weber (1904, 1930, 1958) had suggested that the protestant work ethic gave rise to capitalism and that other major world religions including Catholicism, Judaism, Islam, Hinduism, Buddhism, Confucianism, and Daoism were not conducive to capitalism. However, the data on predicted growth rates and the current majority religion for the 24 emerging economies (Yeyati & Williams, 2012; IMF WEO, 2010) suggest these emerging economies with high growth rates include a variety of geo-political regions representing many different religions, national cultures, and even “no-religion” affiliation. For the same majority religion, the economic growth rates and Hofstede’s (1980) national culture dimensions vary among nations. Thus, religion alone is not sufficient to explain the higher economic growth of the emerging economies. The economic growth is influenced by additional social, political, and macroeconomic variables including human capital, infrastructure, technological progress, political stability, capital formation, domestic credit to private sector, foreign domestic investment, inflation rate, exchange rate, and international trade. In a secular sense, the religious beliefs and cultural values related to work and social ethic are conducive to economic growth through entrepreneurship and organizational effectiveness.

scholarly journals Global value chains and technology transfer: new evidence from developing countries

2020 ◽  
Author(s):  
Davide Rigo
Keyword(s):  
Technology Transfer ◽  
Emerging Economies ◽  
Global Value Chains ◽  
Value Chains ◽  
Foreign Technology ◽  
Technology Firms ◽  
Transfer Of Technology ◽  
Enterprise Surveys ◽  
New Evidence ◽  
Positive Effect

Abstract International trade has long been considered a channel of technology transfer. This paper draws from the World Bank’s Enterprise Surveys to provide a sample of 18 developing and emerging economies to investigate whether global value chains (GVCs) are a vehicle for the transfer of technology. It focuses on one specific channel for technology transfer, namely, the licensing of foreign technology. To control for the possible endogeneity of technology licensing, propensity score matching is combined with a difference-in-differences approach. The results show a positive effect of being involved in two-way trading on the licensing of foreign technology. Firms that become two-way traders are significantly more likely to use foreign-licensed technology than firms starting to export or import. This evidence suggests that the complexity associated with the mode of internationalisation determines the licensing of foreign technology. GVC participation also appears to foster firms’ performance, reflecting my findings that the acquisition of foreign technology leads to significant productivity improvements.

Household Consumption, Domestic Investment, Government Expenditure and Economic Growth: New Evidence from Malaysia

2014 ◽  
Vol 3 (17) ◽  
pp. 2373-2381
Author(s):  
Abdul Ridzuan ◽  
Mohamad Razak ◽  
Zakimi Ibrahim ◽  
Abdul Noor ◽  
Elsadig Ahmed
Keyword(s):  
Economic Growth ◽  
Government Expenditure ◽  
Household Consumption ◽  
Domestic Investment ◽  
New Evidence

scholarly journals Investigating ASEAN’s Participation in Global Value Chains: Production Fragmentation and Regional Integration

2021 ◽  
Vol 38 (02) ◽  
pp. 159-188
Author(s):  
SHENG ZHONG ◽  
BIN SU
Keyword(s):  
Economic Integration ◽  
Emerging Economies ◽  
Regional Integration ◽  
Value Added ◽  
Global Value Chains ◽  
Value Chains ◽  
Advanced Economies ◽  
New Evidence ◽  
Do So

This paper focuses on the Association of Southeast Asian Nations (ASEAN)—a major final assembler in production—where studies and evidence on the role of the region in global value chains are limited. We seek to provide new evidence regarding the extent and patterns of international fragmentation in ASEAN. To do so, we derive the foreign value-added shares of final products for all global value chains of ASEAN. Using the Asian Development Bank’s multiregional input–output tables for 2000–2017, we document a series of stylized facts. The results show declining foreign value-added shares in ASEAN. Regional economic integration within ASEAN has increased, while value-added contributions vary widely across its members. We find evidence of increasing value-added contributions from emerging economies to ASEAN, whereas the contributions from advanced economies have declined.

scholarly journals Exchange rates and stock markets in emerging economies: new evidence using the Quantile-on-Quantile approach

2021 ◽  
Vol 5 (1) ◽  
pp. 94-110
Author(s):  
Korhan Gokmenoglu ◽  
◽  
Baris Memduh Eren ◽  
Siamand Hesami ◽  
Keyword(s):  
Exchange Rates ◽  
Emerging Economies ◽  
Stock Markets ◽  
New Evidence

scholarly journals Determinantes do Investimento Estrangeiro em Carteira e Total para Economias Emergentes de 2007 a 2014

2018 ◽  
Vol 15 (4) ◽  
pp. 605
Author(s):  
Richard Schnorrenberger ◽  
Roberto Meurer
Keyword(s):  
Emerging Economies ◽  
Real Exchange Rates ◽  
Generalized Method Of Moments ◽  
Current Account Balance ◽  
Portfolio Investment ◽  
Domestic Investment ◽  
Sovereign Risk ◽  
Foreign Portfolio Investment ◽  
Fiscal Performance ◽  
Total Investment

Foreign portfolio investment has been growing since the beginning of the 1990's and the fall in portfolio investment stock due to the global financial crisis in 2008 was reverted after two years. The determinants of foreign portfolio investment and foreign total investment are estimated for dynamic panels of emerging economies from 2007 to 2014 using the Generalized Method of Moments (GMM). With respect to movements in portfolio investment, predictors of sovereign risk, U.S. stock market performance, domestic investment and fiscal performance are statistically significant. In regard to foreign total investment, predictors of sovereign risk, Fed Funds rate, domestic investment, current account balance, fiscal performance and real exchange rates are statistically significant. Domestic and foreign variables are both important to explain capital flows. Hence, in general results show that emerging economies might coordinate economic policy with the adopted external funding strategy.

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