Foreign Direct Investment in Zimbabwe: The Role of Uncertainty, Exports, Cost of Capital, Corruption and Market Size

Muzurura, Joe

doi:10.18488/journal.29.2019.61.9.24

Cited by 8 publications

(10 citation statements)

References 39 publications

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“…Positive coefficient of GDP is very much supported by various empirical observations because the level of a country's production reveals its market size and well-being that are often admired and desired by foreign direct investors. A number of studies support the result that GDP growth rate is positively related to FDI (Muzurura 2019;Tapera 2016).…”

Section: Results Presentation and Analysismentioning

confidence: 93%

“…This section will review prior studies on the determinants of FDI in the MS. Muzurura (2019) studied the determinants of FDI in Zimbabwe for the period 1980-2011. This study utilised a multivariate regression method with time series data.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Theoretically, the level of FDI is positively related to the size of foreign market. Gross domestic product growth rate is expected to be positively related to FDI (Muzurura 2019).…”

Section: Economic Growth (Gross Domestic Product)mentioning

confidence: 99%

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Determinants of foreign direct investment in the Zimbabwean mining sector

Abel

Julius

Mutonhori

et al. 2021

Journal of Economic and Financial Sciences

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Orientation: The mining industry being the main source of foreign currency for economy is the backbone of the Zimbabwean economy. The performance of the sector has been dwindling of late. The downturn has been attributed to outdated equipment, lack of foreign currency to import modern equipment, expensive new technology and general macroeconomic problems.Research Purpose: Given the problems being faced by the sector, this article investigated the determinants of foreign direct investment (FDI) into the mining sector (MS).Motivation for the study: Given the mining sector’s contribution to the economy, understanding what motivates corporates to invest into the sector is of interest to the policy makers. The decline in investment is a cause of concern.Research approach and method: The study employed the autoregressive distributed lag (ARDL) method to evaluate the determinants of FDI into the Zimbabwean MS.Main Findings: The results show that FDI in the MS is driven by gross domestic product (GDP), wage rates, inflation, interest rates and openness in the long term. In the short run, GDP, wage rates, inflation, interest rates and openness have a significant effect on FDI into the MS.Practical implications: This study recommends that government should put in place pro-growth policies in order to attract more foreign investors. The monetary policy should ensure interest rates are maintained very low to allow local resources to complement FDI.Contribution: The study contributes to the literature on determinants of FDI in the mining sector.

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Section: Results Presentation and Analysismentioning

confidence: 93%

Section: Literature Reviewmentioning

confidence: 99%

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Determinants of foreign direct investment in the Zimbabwean mining sector

Abel

Julius

Mutonhori

et al. 2021

Journal of Economic and Financial Sciences

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“…However, in order to increase the reliability of the research, we also conducted in-depth interviews with 2 groups of subjects: the first one were Cargo owners who use logistics services to identify logistics cost are accounting for how many percentage of the total cost of sold (Liang & Altankhuyag, 2019;Muzurura, 2019;Doghan 2019;Umobong & Agburuga, 2019;Jamaani & Alidarous 2019;Mousa, 2019) and the second subjects were logistics service providers with the purpose of finding the components of logistics cost, the reason for high logistics cost in Viet Nam.…”

Section: Introductionmentioning

confidence: 99%

Critical Factors of Total Logistics Cost: A Survey of Vietnam-Based Logistics Service Providers

Hoa¹,

Lien²,

Tam³

et al. 2020

RWE

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Since 1995, the integration of Vietnam into regional and global trade agreements, for example ASEAN, WTO and recent free trade agreements (FTA) with South Korea, Japan, EU has boosted the country’s import export volume tremendously. The ASEAN Economic Community (AEC) formed in late 2015 creates not only opportunities but also challenges for the Vietnamese economy in general and Vietnam's logistics sector in particular enter internationally. In addition, CPTPP (CPTPP - Comprehensive and Progressive Agreement for Trans-Pacific Partnership) and EVFTA (EVFTA- EU-Vietnam Free Trade Agreement) will contribute to expanding markets and increasing exports to 11 member countries (CPTPP, also known as TPP11) as well as 27 European Union member countries (EU). Especially when joining in the global organizations, the price of goods is always a decisive factor in the issue of competition with members in the organizations and outside the organizations. Countries always want to have products with high value but competitive prices to survive and create profits with those advantages and challenges.Logistics costs are considered as one of the factors causing high product’s price, especially Vietnam's leading import-export products, which contributes to reduce the competitive advantage of Vietnamese products in the international market. Therefore, there have been some previous studies to find out the factors that increase logistics costs in order to find solutions to reduce Vietnam's logistics costs, increase product value and increase competitiveness advantages. Many concerns about improving the logistics efficiency and effectiveness of these commodity chains in Vietnam recently have urged for more in-depth studies and academic researches about this topic. In this paper, we are going to conduct an empirical research about the critical factors on logistics cost by sending out surveys to Vietnam-based logistics service providers to interview. The SPSS software version 20 was used to check the suitability of six critical factors and their 41 elements and apply the dataset to build up the Analysis of Variance (ANOVA) model. Besides that, the authors also used in-depth interview method on different research subjects including: cargo owners, logistics service providers and associations for listening their difficulties related to logistics factors and finding out the causes for increasing logistics cost. Base on analyzing critical factors and opinions of enterprises, the authors want to suggest some solutions for decreasing logistics cost in Vietnam.

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“…Thailand is also investing in both herbal and other healthcare sector, however, this investment is not very high like other mentioned countries. Therefore, the importance of herbal companies cannot be neglected (Ma & Cheng, 2020;Marquez, Lingat, Silva, Rodriguez, & de Vera, 2020;Melesse, 2019;Mensah, Jianlin, & Jun, 2019;Muhammad Auwal, Mohamed, Nasir Shamsudin, Sharifuddin, & Ali, 2020;Muzurura, 2019). As the herbal industry is producing various products which has contribution to various economic activities.…”

Section: Introductionmentioning

confidence: 99%

Effect on Product Innovation and Marketing in Herbal City Community

Siraphatthada¹,

Thitivesa²,

Rattanabunsakul³

2020

RWE

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Number of studies has carried out the research studies on product success among various industries. However, the product success is not discussed in respect to the herbal city community. Therefore, to fill this research gap, objective of this study is to investigate the role of product innovation and marketing practices in product success of herbal city community. Population of the study is herbal companies of Thailand. Data were collected from the herbal companies in Thailand. Employees of herbal companies were selected as the respondents. Data shows that both product innovation and marketing practices has significant role to enhance product success. Increase in product innovation and marketing practices increases the product success. Product innovation and marketing practices effect positively on customer retention and marketing practices respectively which causes to increase product success.

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Foreign Direct Investment in Zimbabwe: The Role of Uncertainty, Exports, Cost of Capital, Corruption and Market Size

Cited by 8 publications

References 39 publications

Determinants of foreign direct investment in the Zimbabwean mining sector

Determinants of foreign direct investment in the Zimbabwean mining sector

Critical Factors of Total Logistics Cost: A Survey of Vietnam-Based Logistics Service Providers

Effect on Product Innovation and Marketing in Herbal City Community

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