Foreign direct investment in small island developing states

Read, Robert

doi:10.1002/jid.1477

Cited by 35 publications

(23 citation statements)

References 16 publications

(15 reference statements)

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“…Indeed, the absence 25 In fact, it is convenient to verify that @ b 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 of ‡exibility in policy making requires now that the mobility cost is higher than k, which exceeds the threshold k corresponding to the Markovian case. 26 …”

Section: Propositionmentioning

confidence: 99%

Asymmetric competition among nation states: A differential game approach

Han

Pieretti

Zanaj

et al. 2014

Journal of Public Economics

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This paper analyzes the impact of foreign investments on a small country's economy in the context of international competition. To that end, we model tax and public input competition within a di¤erential game framework between two unequally sized countries. The model accounts for the widely recognized characteristic that small states are more ‡exible in their political decision making than larger countries. However, we also acknowledge that small size is associated with limited institutional capacity in the provision of public services. The model shows that the long-term outcome of international competition crucially depends on the degree of capital mobility. In particular, we show that ‡exibility mitigates against -but does not eliminate -the likelihood of collapse in a small economy. Finally, we note that the bene…cial e¤ect of ‡exibility in a small state increases with its ine¢ ciency in providing public services and with the degree of international openness.

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Section: Propositionmentioning

confidence: 99%

Asymmetric competition among nation states: A differential game approach

Han

Pieretti

Zanaj

et al. 2014

Journal of Public Economics

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“…According to UNU-WIDER 2008, research on foreign direct investment (FDI) in small island developing states (SIDS) is limited. Low absolute volume of capital flows is one of the main explanations to the lack of research in economic related issues affecting small island developing states and also the general neglect of issues relating directly to SIDS in the mainstream theoretical and empirical economics literature (Read, 2008).…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Foreign Direct Investment Inflows on Economic Growth; the Case of the Republic of Seychelles<strong> </strong>

Kong¹,

Atuahene²,

Bentum-Mican³

et al. 2019

Preprint

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This paper aims to research whether there is link between FDI inflows and Economic growth in the Republic of Seychelles Island. The ordinary least square results obtained shows that in the impact of FDI inflows on economic growth is low. Small Island Developing States attracts less FDI inflow because they are limited to few resources that attracts overseas firms which results in retarded development. The research lighted that impact of foreign direct investment on host countries does not only depend on the quality and quantity of the FDI inflows but some other variables such as the internal policies and the management skills, market structures, economic trends among others.

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“…Our purpose is to explore the optimal policy mix in terms of public investment and taxation for 1 Moreover, capital inflows may also be a critical contributor to the growth and development of small jurisductions (Read, 2008). Some empirical evidence shows a positive impact of FDI on economic growth and the possibility of spillover effects to local firms (Castellani and Zanfei, 2006).…”

Section: Introductionmentioning

confidence: 99%

On the long run sustainability of small jurisdictions

2020

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In this paper, we analyse the long run sustainability of a small jurisdiction open to capital flows. Policy instruments used to reach an efficient steady state (when possible) are capital taxes and attractive public infrastructures. We first show that there exists one long run efficient equilibrium which is saddle-point stable. If capital mobility is high enough, the small economy is always able to converge to a long run efficient state by a one-shot adjustment of the share of taxes allocated to infrastructure. If capital mobility is too low, convergence to long run efficiency may be impossible. In this case, an eventual economic collapse can occur.

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Foreign direct investment in small island developing states

Cited by 35 publications

References 16 publications

Asymmetric competition among nation states: A differential game approach

Asymmetric competition among nation states: A differential game approach

Impact of Foreign Direct Investment Inflows on Economic Growth; the Case of the Republic of Seychelles<strong> </strong>

On the long run sustainability of small jurisdictions

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