Analysis of International Capital Inflows and Institutional Quality in Emerging Markets

Nxumalo, Immaculate Simiso; Makoni, Patricia Lindelwa

doi:10.3390/economies9040179

Cited by 8 publications

(7 citation statements)

References 47 publications

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“…Inflows of FDI unveiled contributory effects on IQ, implying a positive linkage between them which is exposed in both symmetric and asymmetric investigation. Our findings align with existing literature (Buchanan et al, 2012;Nxumalo and Makoni, 2021).…”

Section: Long-run and Short-run Coefficients: Symmetric And Asymmetri...supporting

confidence: 93%

Nexus between Government Debt, Globalization, FDI, Renewable Energy, and Institutional Quality in Bangladesh

Karim

Qamruzzaman

Jahan

2023

IJEEP

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The present study has investigated the nexus between Renewable energy consumption, government debt, globalization, FDI, and Institutional quality in Bangladesh for 1995-2021 by implementing both symmetric and asymmetric frameworks. Regarding the stationary test, all the research variables have exposed stationary after the first difference, which is desirable for robust econometrical estimation. The long-run association between explained and explanatory variables has been documented through the cointegration test offered by Bayer and Hanck (2013) and Maki (2012). Moreover, the Bound testing approach, such as F-test, Wald test, and t-test, revealed that all the test statistics are statistically significant at a 1% level, suggesting the long-run association in the empirical nexus. As stated by the symmetric assessment, a positive and statistically significant linkage exists between globalization, FDI, financial development, and institutional quality, implying that with the positive intent of targeted macro fundaments, the quality of the institutions can be enriched, especially in the long run. Additionally, an adverse connection was exposed between governmental debt propensity and institutional quality. The asymmetric investigation established both long-run and short-run asymmetric linkage between explanatory variables and institutional quality. Based on the study findings, several policy suggestions has derived to improve the present institutional quality.

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Section: Long-run and Short-run Coefficients: Symmetric And Asymmetri...supporting

confidence: 93%

Nexus between Government Debt, Globalization, FDI, Renewable Energy, and Institutional Quality in Bangladesh

Karim

Qamruzzaman

Jahan

2023

IJEEP

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“…Zimbabwe`s PPP market is in its formative stages and for this reason, over the sample period, some years have recorded zero PPPs that were finalised. Literature confirms governance variables to be highly correlated [67,68]. To manage the adverse consequences of multicollinearity and the loss of explanatory power, governance variables are examined separately, and hence seven models are estimated.…”

Section: Methodsmentioning

confidence: 99%

Framework Model for Financing Sustainable Water and Sanitation Infrastructure in Zimbabwe

Mundonde,

Makoni

2024

Preprint

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Financing frameworks for Public Private Partnerships (PPPs) are lacking in developing countries. This study develops and recommends a financing framework for water and sanitation PPP infrastructure projects in Zimbabwe. The framework model integrates the Public Private Partnership models, sources of finance for water and sanitation PPPs, and the drivers of water and sanitation PPP finance. Both the public and private sources of finance are instrumental for financing water and sanitation PPP projects. Tobit econometric models are applied on data collected from both international and domestic data banks. The time frame for the analysis is a 25-year period running from 1996 ending 2021. Capital market variables, bank market development and economic affluence drive the financing of water and sanitation Public Private Partnership infrastructure projects in Zimbabwe. The study recommends the application of the developed framework in the water and sanitation Public Private Partnership infrastructure financing policy, for developing countries.

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“…Zimbabwe's PPP market is in its formative stages, and for this reason, over the sample period, some years had recorded zero PPPs that were finalised. The literature confirms governance variables to be highly correlated [67,68]. To manage the adverse consequences of multicollinearity and the loss of explanatory power, the six governance variables (control of corruption, CC; regulatory quality, RQ; rule of law, RL; voice and accountability, VA; political stability, PS; and government effectiveness, GE) were examined separately, and hence, seven models were estimated.…”

Section: Methodsmentioning

confidence: 99%

Framework Model for Financing Sustainable Water and Sanitation Infrastructure in Zimbabwe

Mundonde,

Makoni

2024

Water

Self Cite

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Financing frameworks for Public–Private Partnerships (PPPs) are lacking in developing countries. This study aims to develop a financing framework for adoption for water and sanitation PPP infrastructure projects in Zimbabwe. Using data covering a 25-year period from 1996 to 2021, Tobit econometric models are applied to the secondary data collected from both international and domestic sources. The results of this study confirm that capital market variables, bank market development, and economic affluence drive the financing of water and sanitation Public–Private Partnership infrastructure projects in Zimbabwe. It was also established that both public and private sources of finance are instrumental in financing water and sanitation PPP projects. The results inform our eventual framework model, which integrates the Public–Private Partnership (PPP) models, sources of finance for water and sanitation PPPs, and the drivers of water and sanitation PPP finance. This study recommends the application of the developed framework in the water and sanitation Public–Private Partnership infrastructure financing policy of developing countries so as to capitalise on the strengths, resources, and networks of the respective stakeholders in the PPPs.

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Analysis of International Capital Inflows and Institutional Quality in Emerging Markets

Cited by 8 publications

References 47 publications

Nexus between Government Debt, Globalization, FDI, Renewable Energy, and Institutional Quality in Bangladesh

Nexus between Government Debt, Globalization, FDI, Renewable Energy, and Institutional Quality in Bangladesh

Framework Model for Financing Sustainable Water and Sanitation Infrastructure in Zimbabwe

Framework Model for Financing Sustainable Water and Sanitation Infrastructure in Zimbabwe

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