Effect of Foreign Direct Investment on Bilateral Trade: Experience From Asian Emerging Economies

Sohail, Hafiz M.; Zatullah, Mir; Li, Zengfu

doi:10.1177/21582440211054487

Cited by 16 publications

(13 citation statements)

References 67 publications

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“…How to make reasonable policy optimization and adjustment on the basis of scientific evaluation of existing policies, so as to achieve the synergistic development of industry evolution and policy formulation [17], is the focus of attention of government departments and the majority of cross-border e-commerce participants. In view of this, the author applies the Policy Modeling Consistency (PMC) and text mining methods to construct a cross-border e-commerce policy evaluation index system and conducts an empirical study using the national cross-border e-commerce policies promulgated by the Chinese government between 2014 and 2017 as a sample, in order to provide theoretical support and decision-making basis for the new round of policy adjustment, formulation, and implementation [18].…”

Section: Introductionmentioning

confidence: 99%

Design of IoT-Based and Data-Driven Mechanism to Drive Innovation in International Business and Finance Statistics

2022

Mathematical Problems in Engineering

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The 43 national cross-border e-commerce policies promulgated by the Chinese government in recent years are selected as the research samples, and the PMC index model is applied to evaluate the mechanism design based on the IoT and data-driven innovation mechanism of international business finance statistics. On this basis, the implementation effects of specific policies on cross-border e-commerce in China are evaluated and analyzed, and the role of national macropolicies in guiding local policies is also discussed, with the aim of providing a reference basis for the Chinese government to formulate relevant policies, as well as providing new ideas and methods for the evaluation of cross-border e-commerce policies.

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Section: Introductionmentioning

confidence: 99%

Design of IoT-Based and Data-Driven Mechanism to Drive Innovation in International Business and Finance Statistics

2022

Mathematical Problems in Engineering

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“…In contributing to the same idea, Ref. [13] also demonstrated significant evidence of global uncertainty spillover from developed international markets to small open economies.…”

Section: Literature Reviewmentioning

confidence: 95%

“…Ref. [13] revealed more evidence of global uncertainty connectedness spillover from developed economies and international markets on the small open economy.…”

Section: Introductionmentioning

confidence: 99%

Spillover Connectedness among Global Uncertainties and Sectorial Indices of Pakistan: Evidence from Quantile Connectedness Approach

et al. 2022

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This study empirically examines the spillovers from global uncertainties to the sectoral indices of the Pakistan stock market (PSX). Furthermore, we select three major sectoral indices, i.e., the energy, financial, and material composite indices. These indices represent a massive capital volume of PSX. We utilize the data from 10 May 2002 to 27 June 2022 to examine the outbreak due to the global financial crisis (GFC) of 2007–2008 and the impact of the world’s great pandemic, of COVID-19. Additionally, we applied a novel econometric estimation approach: quantile connectedness. We found that connectedness is strong in the case of highly positive changes (above the 20% quantile) and highly negative changes (below the 80% quantile). Additionally, the study also found that materials sector is the least connected at level of 1.58%. In contrast, the financial sector was a strong transmitter of spillovers during the entire study period at connectedness of 54.59%. Regarding graphical results, we found that economic policy uncertainty (EPU) and crude oil index (WTI) are net transmitters, especially during the financial crisis and COVID-19, whereas WTI transmitting impact was significantly dominant during GFC 2007–2008. Conversely, the index MSCI remains the recipient of the spillover during the entire study period, where the remitting effect was observed as dominant during the GFC, and COVID-19 outbreak. The energy sector was found to be more recipient during the GFC, with additional turn transmitters of the shocks after the COVID-19 pandemic. The study recommends that portfolio managers and individual investors consider the materials sector for their investment due to the least connectivity. Similarly, investors need to invest carefully in the financial sector because it is a net transmitter of spillovers to other sectors.

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“…Applying the Mundlak approach to the gravity-type trade model, Sohail et al (2021) examine the effects of FDI on bilateral trade between East and South Asian emerging economies from 2001 to 2019. The analyses for different subsamples reveal varying results following the economic development in the countries.…”

Section: Empirical Studies On Developing Countries or Combined With D...mentioning

confidence: 99%

Complementarity Versus Substitution Relationship between Outward FDI and Exports: Evidence from India

Goldar,

Parida,

Goldar

2024

Journal of Asian Economic Integration

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The article is concerned with the relationship between foreign direct investment (FDI) flows and exports and asks if these two flows are substitutes or complement each other. Empirical work in this area employing industry- or country-level data has generally found a positive or complementary relationship between exports and FDI. Our empirical strategy is different in that we try to throw some light on the issue of substitution versus complementarity between FDI and exports by carrying out econometric analyses directed at assessing how India’s mass termination of bilateral investment treaties (BITs) in March 2017 and such BIT terminations during September–December 2016 and April 2017 to December 2018 impacted India’s FDI inflows and imports. Our finding of a significant negative effect of BIT termination on FDI inflows, corroborating the findings of two earlier studies and the finding of a significant positive impact of BIT termination of India’s imports is conceivably reconcilable only if there is a substitution relationship between FDI and exports. Hence, we find some empirical evidence of a substitution relationship between FDI and exports—at least, this has been the relationship between India’s inflow of FDI and the inflow of goods as imports, if not valid for other countries. JEL codes: C31, C33, K33, F21

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Effect of Foreign Direct Investment on Bilateral Trade: Experience From Asian Emerging Economies

Cited by 16 publications

References 67 publications

Design of IoT-Based and Data-Driven Mechanism to Drive Innovation in International Business and Finance Statistics

Design of IoT-Based and Data-Driven Mechanism to Drive Innovation in International Business and Finance Statistics

Spillover Connectedness among Global Uncertainties and Sectorial Indices of Pakistan: Evidence from Quantile Connectedness Approach

Complementarity Versus Substitution Relationship between Outward FDI and Exports: Evidence from India

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