Does foreign direct investment deepen the financial system in Southeast Asian economies?

Islam, Mollah Aminul; Liu, Haiyun; Khan, Muhammad Asif; Islam, Tariqul; Sultanuzzaman, Reza

doi:10.1016/j.mulfin.2021.100682

Cited by 21 publications

(25 citation statements)

References 40 publications

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“…Alternatively, the FGLS model is also able to overcome autocorrelation, heteroskedasticity, and cross-sectional dependence of the estimation [ 54 ]. Both the PCSE and FGLS methods are efficient and effective in addressing the heteroskedasticty, autocorrelation and outlier estimates [ 55 – 57 , 73 – 76 ].…”

Section: Methodsmentioning

confidence: 99%

The role of access to electricity, female education, and public health expenditure on female health outcomes: evidence from SAARC-ASEAN countries

Rahman

Alam

2021

BMC Women's Health

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Background The importance of the status of female health should have research priority due to the unique medical needs of women. Hence this paper attempts to explore the nexus of access to electricity, female education, and public health expenditure with female health outcomes in the SAARC-ASEAN countries. Methods Using the data of 2002–2018, and applying the cross-sectional dependence test, Modified Wald test, Wooldridge test, the Panel corrected standard error (PCSE) model, the Feasible generalized least square (FGLS) model, and the pair-wise Granger causality test, the robust outcomes on female health are found. Results Access to electricity, female education rate, public health expenditure, economic growth, and immunization rate, all have a positive effect on female life expectancy at birth, and a negative effect on the female adult mortality rate. The urbanization rate has a significantly positive impact on female life expectancy at birth but an insignificant impact on female adult mortality rate. The one-way causal relationship between the variables are also revealed. Conclusions All the results are rational and have important milestone for the health sector. The health status of females should be improved and protected by formulating effective policies on access to electricity, female education, public health expenditure, immunization, economic growth, and urbanization.

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Section: Methodsmentioning

confidence: 99%

The role of access to electricity, female education, and public health expenditure on female health outcomes: evidence from SAARC-ASEAN countries

Rahman

Alam

2021

BMC Women's Health

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“…The financial development (FD) of a country is measured by the financial development index provided by the IMF, which is recognized as the most comprehensive indicator in this connection (M. A. Islam, Liu, et al, 2021). The human capital variable (HC) is proxied by the log of life expectancy at birth.…”

Section: Data and Variablementioning

confidence: 99%

“…It has been frequently used to proxy for HC in the literature (M. A. Islam, Liu, et al, 2021). We proxy macroeconomic instability with inflation data, which is represented by the consumer price index (CPI) (Khan et al, 2020).…”

Section: Data and Variablementioning

confidence: 99%

“…The number of fixed telephone lines per 1000 people in a country is used as a proxy for infrastructural development (M. A. Islam, Hassan, & Rana, 2019;M. A. Islam, Liu, et al, 2021).development is one of the strongest requirements for better investment and trade in a country (M. A.…”

Section: Data and Variablementioning

confidence: 99%

“…It can be simply expected that investors (local and foreign) are more active in investing while they have a certain level of trust in the economy regarding common rules and laws of the country, public beliefs and taboos, and financial and investors' rights protection regulations (M. A. Islam, Liu, Khan, Islam, & Sultanuzzaman, 2021).…”

Section: Introductionmentioning

confidence: 99%

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Institutional Quality and Real Sector Economy: Evidence from Belt and Road Economies

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KUBR

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Decision making framework for foreign direct investment: Analytic hierarchy process and weighted aggregated sum product assessment integrated approach

Gupta

Jha

Singh

2021

Journal of Public Affairs

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Foreign direct investment (FDI) plays a paramount role in economic and social growth of every country. FDI acts as a source of external capital and helps in economic growth of the host country. Making decision for FDI during uncertain business environment is a challenge for all stakeholders. Therefore, in this study, we are proposing a decision making framework for FDI. Through literature review, we have identified the factors, on which FDI depends. A process‐based, multi‐criterion, integrated hierarchical approach for deciding about FDI, has been illustrated. In this study, five sectors are considered, that is, petroleum and natural resource, retailing and e‐commerce, healthcare, information technology, and road and highways for illustrating the proposed framework. It is observed that information technology sector has got top priority for FDI followed by retailing and e‐commerce and health care sector. Findings will help in taking appropriate decision by stakeholders for FDI. Ultimately it will also help in creating employment, economic growth, and welfare of society at large in the host country.

show abstract

Does foreign direct investment deepen the financial system in Southeast Asian economies?

Cited by 21 publications

References 40 publications

The role of access to electricity, female education, and public health expenditure on female health outcomes: evidence from SAARC-ASEAN countries

The role of access to electricity, female education, and public health expenditure on female health outcomes: evidence from SAARC-ASEAN countries

Institutional Quality and Real Sector Economy: Evidence from Belt and Road Economies

Decision making framework for foreign direct investment: Analytic hierarchy process and weighted aggregated sum product assessment integrated approach

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