The purpose of this research is to examine the economic freedom (EF) along with its macroeconomic determinants impact on Foreign Direct Investment (FDI) inflow in South Asia, East Asia, Latin America, Middle East, and North Africa, Northern Europe, Southern Europe, Western Europe, Eastern Europe and Sub Saharan Africa. We use Heritage Foundation economic freedom index data over the period of 1999 to 2018 and employ the stepwise multi regression on variables of business freedom, government spending, tax burden, government integrity, property rights, investment freedom, trade freedom and monetary freedom. The results show that EF has a significant positive impact in South Asia, Latin America, East Asia, North Europe and West Europe. However, for the Middle East and North Africa, East European and South European economies EF has an insignificant influence on FDI inflow.
Crop residue burning (CRB) poses a serious threat to the climate, soil fertility, human health and wellbeing, and air quality, which increases mortality rates and slumps agricultural productivity. This study conducts a pan-India analysis of CRB burning based on the spatial characteristic of crop residue management practices and analyzes the linkage among health, agriculture value addition, and regional finance using the simultaneous equation to find the causality and panel quantile regression for direct effect and intergroup difference. We discuss some of the alternative crop residue management practices and policy interventions. Along with in situ management, this paper discusses ex situ crop residue management (CRM) solutions. The ex situ effort to manage crop residue failed due to the scarcity of the supply chain ecosystem. Force of habit and time constrain coupled with risk aversion have made farmers reluctant to adopt these solutions. Our results show that financial viability and crop residue have bidirectional causality; therefore, both the central and state governments must provide a financial solution to lure farmers into adopting residue management practices. Our analysis shows that framers are likely to adopt the management solution (farmers have some economic benefits) and are reluctant to adopt the scientific solution because the scientific solution, such as “pusa decomposer”, is constrained by the weather, temperature, and humidity, and these parameters vary throughout India.
Why do foreign firms and domestic firms face different hindering factors in a group of the same structural economies and business environment created by the same macroeconomic variables? This study addresses the essential question of the impact of a sound business environment in attracting or deterring foreign direct investment (FDI). This research utilizes the firm-level World Enterprises Survey (WES) data and employed the parametric and non-parametric methodology. The binary logistic regression and decision tree have been used to analyze the business environment.The author examines how macroeconomic factors influence the FDI investment decision. It was found that the two models perform very similarly in terms of predicting the business obstacle. Results of this study show that the trade regulation is the area of concern for a sound business environment that is identified by both methods in this study. Countries with stronger contract enforcement and more efficient international trade regulations create a pleasant business environment to attract more FDI.
This article aims to investigate the linkage among CO2 emissions, Foreign Direct Investment (FDI), economic growth, Gross Value Added (GVA) of different sectors namely agriculture, service, manufacturing, and resource extensive industries including construction sectors in four European regions Eastern Europe (EE), Southern Europe (SE), Northern Europe (NE) and Western Europe (WE). To do, this article uses the 3SLS simultaneous equation estimation during the period of 2000 to 2018. This study is the extension of seeing the challenges in policy implication in reducing CO2 emission in technologically rich economies. This article concluded that the causality among variables CO2 emission, economic growth, FDI, and all four sectors GVA is varied according to the regions. However, the CO2 emission has bidirectional causality with each industrial sector's GVA.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.