Financial development and the growth effect of foreign direct investment: Does one size fit all?

Osei, Michael J.; Kim, Jaebeom

doi:10.1016/j.inteco.2023.01.001

Cited by 18 publications

(8 citation statements)

References 20 publications

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“…Renewable energy is critical to sustainable development and the The study findings ahs supported by empirical studies such as (Desbordes and Wei, 2017;Osei and Kim, 2023;Islam et al, 2023). Financial development can act as a driver of FDI by providing the necessary conditions for businesses to expand internationally.…”

Section: Autoregressive Distributed Lagged (Ardl) Estimationmentioning

confidence: 60%

Revisiting the Nexus between Economic Policy Uncertainty, Financial Development, and FDI Inflows in Pakistan during Covid-19: Does Clean Energy Matter?

Serfraz

Qamruzzaman

Karim

2023

IJEEP

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The significance of FDI for economic progress has been well established, especially for developing nations; conversely, the critical role of macro determinants has also been explained in attracting FDI. the motivation of the study is to assess the impact of economic policy uncertainty, financial development and clean energy on FDI in Pakistan economy. the study employed several econometric tools in assessing and documenting the elasticities of EPU, FD and CE in the process of amplifying the inflows of FDI in Pakistan. According to the study findings, it is apparent that financial development and clean energy positively affect FDI, while the effects of EPU are established as adversely connected to FDI. Study findings suggest, in Pakistan, for attracting and targeting the continual inflows of FDI, it is imperative to offer economic sustainability and efficient financial intermediation.

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Section: Autoregressive Distributed Lagged (Ardl) Estimationmentioning

confidence: 60%

Revisiting the Nexus between Economic Policy Uncertainty, Financial Development, and FDI Inflows in Pakistan during Covid-19: Does Clean Energy Matter?

Serfraz

Qamruzzaman

Karim

2023

IJEEP

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“…Financial investments made by some scholars have had an effect on the rural population, as they fully explain how the agricultural system has changed and how this has affected rural areas' ability to develop economically (Osei & Kim, 2023;Zou et al, 2022). Shikur (2020) evaluated the macro impacts of agricultural policies on agricultural growth, farmer happiness, and rural development in Oromia, Ethiopia, using the Computable General Equilibrium Model (CGE).…”

Section: Literature Reviewmentioning

confidence: 99%

The Efficiency of Rural Public Finance Inputs in Promoting Rural Revitalization: Empirical Analysis Based on Henan Province, China

Chen²,

Zheng

et al. 2023

REA

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The No.1 document of the Central Government of China has been on the theme of "agriculture, rural areas and farmers" for nearly ten years, placing the solution of "agriculture, rural areas and farmers" at the forefront of the Chinese government's work. Located in the Central Plains, Henan Province in China is one of the major agricultural provinces in China and plays an extremely important role in the field of agricultural production in China. This paper uses an empirical approach and the DEA-Malquist model to study the efficiency of rural public financial inputs to rural revitalisation in Henan Province. The results show that due to different levels of regional economic development, the efficiency of rural public finance investment in Henan Province in promoting rural revitalisation varies, and there is a phenomenon of unreasonable allocation of funds. At the same time, the region's agricultural base also has a greater impact on the efficiency of financial investment. Therefore, Henan Province should adjust measures according to the different regional economic levels and agricultural bases to improve the efficiency of the use of fiscal funds.

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“…Financial development is crucial for economic progress in both developing and developed countries (Guru & Yadav, 2019;Sanaphanh & Sethapramote, 2021). The transmission of financial developments in both the money market and the capital markets has been widely studied, both theoretically and empirically (Goldsmith, 1969;Levine, 1997;Beck et al, 2014;Osei & Kim, 2023). Increased economic growth, however, does not ensure the well-being of everyone in the country.…”

Section: Introductionmentioning

confidence: 99%

Financial Development and Income Inequality: Evidence from Thailand

Nittayakamolphun,

Jirasatthumb,

Pholkerd

2024

ABAC J

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Despite experiencing persistent income inequality, the Thai economy has continued to grow with a developing financial system. This study examines the relationship between financial development and income inequality in Thailand from 1980 to 2020. It is identified that a cointegration between financial development and income inequality follows a U-shape hypothesis. This result implies that income inequality reduced to a certain threshold in the early stage of financial development but subsequently increased as the financial system progressed. It is consequently recommended that policymakers prioritize creating an inclusive financial environment that promotes equitable access to financial services across all financial institutions, particularly for lower- and middle-income groups.

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Financial development and the growth effect of foreign direct investment: Does one size fit all?

Cited by 18 publications

References 20 publications

Revisiting the Nexus between Economic Policy Uncertainty, Financial Development, and FDI Inflows in Pakistan during Covid-19: Does Clean Energy Matter?

Revisiting the Nexus between Economic Policy Uncertainty, Financial Development, and FDI Inflows in Pakistan during Covid-19: Does Clean Energy Matter?

The Efficiency of Rural Public Finance Inputs in Promoting Rural Revitalization: Empirical Analysis Based on Henan Province, China

Financial Development and Income Inequality: Evidence from Thailand

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