A comparative analysis of Indian and Chinese FDI into Africa: The role of governance and alliances

Munjal, Surender; Varma, Sumati; Bhatnagar, Ankur

doi:10.1016/j.jbusres.2022.05.087

Cited by 24 publications

(13 citation statements)

References 161 publications

(195 reference statements)

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“…This result is in line with earlier evidence from Africa (Asiedu, 2006;Morisset, 2000;Naudé & Krugell, 2007). While the coefficients of institutional factors are not significant in case of FDI from the Global South (Column 3), Munjal et al (2022) find significant effect of institutional quality on the Indian FDI, but not on the Chinese FDI to Africa.…”

Section: Resultssupporting

confidence: 90%

“…This strand of literature has focused on the role of natural resources, geography and institutions (Asiedu, 2006; Naudé & Krugell, 2007), human capital (Naudé & Krugell, 2003; Suliman & Mollick, 2009), tax incentives (Cleeve, 2008), and foreign aid (Anyanwu, 2012; Yasin, 2005), among others. More recent papers have looked at the determinants of the Chinese and the Indian FDI to Africa (Munjal et al, 2022; Shan et al, 2018; Varma et al, 2020). With the exception of Anyanwu (2012), these studies are based on a limited sample of African countries, and many do not address the potential endogeneity issues.…”

Section: Introductionmentioning

confidence: 99%

“…Second, since the potential benefits of foreign investments could be higher in less developed countriesbecause of the diminishing marginal returns to capital-while at the same time these countries receive much less FDI, and because investors may employ different investment strategies in different countries (Antonakakis & Tondl, 2011), it is relevant to ask whether the drivers of FDI are systematically different in the least developed countries (LDCs) 1 compared with non-LDCs. Finally, considering the growing importance of South-South FDI (Amighini & Sanfilippo, 2014;Awokuse & Reardon, 2018), and their potentially different impacts on the host economies (Allan et al, 2013;Munjal et al, 2022;Prasenjit & Perry, 2020), it is also relevant to examine whether investors from the Global South 2 are driven by different motives compared with investors from the Global North. This paper contributes to the debate on FDI by addressing these three questions.…”

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confidence: 99%

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The role of agricultural sector performance in attracting foreign direct investment in the food and beverages sector. Evidence from planned investments in Africa

Kubik

2023

Agribusiness

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Using a novel dataset on foreign direct investment (FDI), this paper analyzes the correlates of planned FDI in the food and beverages sector in 49 African countries over the period 2003–2017. It applies the random effects model and augments the standard specification of FDI determinants with a set of factors related to the agricultural sector performance, hypothesized to be essential from the perspective of supply chain linkages and access to raw materials. The results indicate that well‐performing and well‐capitalized agricultural sector of the host country is a key factor associated with the choice of investment location by foreign investors, especially those from the Global North. Capital investment in agriculture, as proxied by agricultural gross fixed capital formation and net capital stock, is particularly important. Public investment in agriculture, in the form of government expenditure and official development assistance, is also associated with higher FDI. These factors, however, are not significant in case of the least developed countries where only market potential appears to matter for foreign investors. The results suggest that complementarities may exist between different types of investments and that policy‐makers willing to attract food and beverages FDI should prioritize agricultural sector development. [EconLit Citations: E22, E24, F21, F23, Q00, Q13, Q18].

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Section: Resultssupporting

confidence: 90%

Section: Introductionmentioning

confidence: 99%

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confidence: 99%

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The role of agricultural sector performance in attracting foreign direct investment in the food and beverages sector. Evidence from planned investments in Africa

Kubik

2023

Agribusiness

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“…Other indicators, respectively I3, I8-I10, I15, I17, I19, and I23-I24 will decrease the resistance of the IT governance and slow the IT Business Demography development. The forecasting for the most relevant indicator for Business Demography in the EU, the uctuation of the population of active enterprises between 2021-2028 (%), shows that Bulgaria will increase by 33…”

Section: Resultsmentioning

confidence: 99%

Digital Governance in the Internet of Things Context. Evidence from the EU, MENA and BRICS:

Covaci

2023

Preprint

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Digital governance evolved considerably in the last decades, especially in the context of the 6G generation. Information Technology (IT) transformed humanity and the general paradigms of human beings. More, the Internet of Things (IoT) reframes the socio-economic environment. The paper analyses the specific context of digital governance from countries relevant to the mountain area belonging to the EU, MENA, and BRICS. The results revealed that the proposed hypothesis and indicators were validated. Digital governance offers the right way for leaders to focus on other responsibilities, rather than a decision-making network. The research proposes five new public and private governance indicators, especially for the IT dimension. The EU, MENA, and BRICS countries could follow standard IT governance models. Public and private governance becomes the strongest defense system against socioeconomic chaos and failure. JEL codes: D73, G34, L86

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“…One of the government's efforts to explore sources of domestic investment is to attract sources of financing from abroad, namely foreign investment. The existence of investment coming in by foreign parties will support long-term development financing and is more profitable when compared to financing sourced from foreign debt (Munjal, Varma, & Bhatnagar, 2022;Widarni & Bawono, 2021). Foreign Investment is a flow of capital originating from abroad that moves to the private sector either through Foreign Direct Investment or indirect investment.…”

Section: Introductionmentioning

confidence: 99%

Relationship of Foreign Direct Investment and Other Macro Variables in Malaysia: ARDL Approach

Prabowo¹

2022

TMJI

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Our study seeks to determine the long-term and short-term connections among various variables related to foreign direct investment such as economic growth, export value, and interest rates in Malaysia. We take data from the World Bank as a secondary source for the years 2000 to 2020, From our estimation results, we find that the variables we estimate have Economic growth and foreign direct investment at long and short run relationships, in addition to export and direct investment from abroad worth, which at the short run, the economic growth have significant positive effect on foreign direct investment. Accordingly, the value of exports has a strong beneficial impact on foreign direct investment. In contrast to the considerable inverse link between interest rates and foreign direct investment, this indicates that with increasing economic growth and the value of exports in the short term, the foreign direct investment will also increase, it is different from interest rates, whose increase in the short term will actually have an effect on decreasing malaysia welcomes foreign direct investment.

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A comparative analysis of Indian and Chinese FDI into Africa: The role of governance and alliances

Cited by 24 publications

References 161 publications

The role of agricultural sector performance in attracting foreign direct investment in the food and beverages sector. Evidence from planned investments in Africa

The role of agricultural sector performance in attracting foreign direct investment in the food and beverages sector. Evidence from planned investments in Africa

Digital Governance in the Internet of Things Context. Evidence from the EU, MENA and BRICS:

Relationship of Foreign Direct Investment and Other Macro Variables in Malaysia: ARDL Approach

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