Impacts of investments in infrastructure projects on emerging markets’ growth: the case of East African countries

Horvat, Tatjana; Bendix, Hendrik; Bobek, Vito; Skoko, Hazbo

doi:10.1080/1331677x.2020.1860799

Cited by 13 publications

(6 citation statements)

References 18 publications

(10 reference statements)

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“…Chinese OFDI catalyzes economic growth in Africa mainly through infrastructure development and its spillovers, technology transfer, enhanced market access, capital accumulation, and improved productivity in the host economies. Additionally, we observe a significant negative impact of inflation on economic growth, consistent with Fischer's (1993) theory, where high inflation correlates with economic instability and reduced investment, a notion that is empirically supported by Balcilar et al (2018), while the positive correlation between transport infrastructure and economic growth resonates with Aschauer's (1989) insights and recent empirical research by Horvat et al (2021) and Badada and Baiqing (2019). Similarly, the positive effect of financial access on economic growth aligns with Inoue and Hamori's (2016) arguments, supported by Bist (2018) and 2004, albeit contradicting findings by Wen et al (2021).…”

Section: Impact Of Chinese Ofdi Stock On Economic Growth In Africa (F...supporting

confidence: 86%

“…(2018), while the positive correlation between transport infrastructure and economic growth resonates with Aschauer's (1989) insights and recent empirical research by Horvat et al. (2021) and Badada and Baiqing (2019). Similarly, the positive effect of financial access on economic growth aligns with Inoue and Hamori's (2016) arguments, supported by Bist (2018) and 2004, albeit contradicting findings by Wen et al.…”

Section: Empirical Results and Discussionsupporting

confidence: 63%

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Driving economic growth in African countries: Do Chinese OFDI sectors matter?

Fambo,

Shunqi

2024

Social Science Quarterly

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BackgroundRecent years have witnessed a growing interest among academics and policymakers in understanding the mechaninsms through which Chinese outward direct investment (OFDI) impact economic growth in Africa.MethodThis study utilzes a dataset spanning 41 African countries from 2005 to 2020,employing panel‐corrected standard error (PCSE) and quantile regression.ObjectiveThis study explore the mechanisms through which Chinese OFDI stock contributes to economic growth in Africa,with a particular focus on financial development and transport infrastructure.ResultsThe results indicate a significant and positive impact of the interaction between Chinese OFDI stock and both financial development and transport infrastructure on economic growth. The subregional analysis reveals varying correlations across regions, while the quantile regression analysis demonstrates a stronger effect on economic growth as we move to higher quantiles.ConclusionThe study underscores the importance of enhancing infrastructure and financial sector development to attract more Chinese OFDI and maximize its positive impact of economic growth in African nations. Hence, we recommend that African countries improve the infrastructure and financial sector of their country to attract more chinese OFDI and also enhance its effectiveness on their economic growth.

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Section: Impact Of Chinese Ofdi Stock On Economic Growth In Africa (F...supporting

confidence: 86%

Section: Empirical Results and Discussionsupporting

confidence: 63%

Driving economic growth in African countries: Do Chinese OFDI sectors matter?

Fambo,

Shunqi

2024

Social Science Quarterly

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“…It has been frequently argued that countries with good telecommunication infrastructure can reduce operating costs for foreign investors. Moreover, a level of telecommunication infrastructure is the prerequisite for being able to produce goods and services and attract foreign direct investment (Gordon et al 2012;Horvat et al 2021). Consequently, we expect a positive relationship between telecommunication infrastructure and FDI inflows.…”

Section: Control Variablesmentioning

confidence: 91%

Inward FDI, IFRS Adoption and Institutional Quality: Insights from the MENA Countries

Cieślik

Hamza

2022

IJFS

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The adoption of International Financial Reporting Standards (IFRS) by 166 countries since 2004 has been a major achievement in the international standardization of accounting regulations. The present paper draws on the Eclectic Paradigm as the analytical framework to investigate the effects of IFRS adoption on foreign direct investment (FDI) inflows. The analysis is conducted based on panel data from 22 Middle Eastern and North African economies (MENA) between 1996 and 2019. The findings indicate that FDI inflows are positively associated with IFRS, and countries implementing the accounting standards receive a higher increase in FDI inflows. Furthermore, the results show that institutional quality plays an important role in attracting FDI. These results remain robust using lag and time-fixed effect estimation methods. The findings have several implications for policymakers.

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“…Because infrastructure development in hospitals, educational institutions, roads, and recreational places, is the prime responsibility of government organizations rather than the community (Urlainis et al, 2022), most responsibility for executing such projects lies at the public sector level. In executing mega projects in the public sector, the role of employees is significant (Horvat et al, 2021). Hence, public sector performance has been considered a key determinant of the socioeconomic development of a nation.…”

Section: Public Sector Performance and Sustainable Community Developmentmentioning

confidence: 99%

Sustainable Community Development as a Main Motive of Good Governance System and Ethical Presentation in a Developing Nation

2023

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Sustainable development has been given special attention worldwide regarding the environment and preservation of natural resources. However, sustainable community development remains a little-explored area, specifically concerning power-dominant economies and as an ethical representation of managing a country's law and order situations. Therefore, the current study aims to determine the influence of power disruptions, that is, human and governance factors, on sustainable community development directly and indirectly via an underlying mechanism of public sector performance. To achieve the study objectives, the study adopted a quantitative research methodology with a random sampling technique by surveying 720 citizens of Indonesia. A statistical data analysis using structural equation modeling in SmartPLS showed that power disruptions negatively impacted public sector performance, leading to underdeveloped communities. The results also showed that high levels of social connections between public sector employees and citizens mitigated the negative influence of power disruptions on public sector performance leading to the sustainable development of culture and community. The current study adds value to the government science literature by combining the critical issue of power disruptions and sustainable community development in a single consolidated framework that considers the ethics of governing a nation. The results will also help policymakers and project-executing agencies discourage power disruptions and find solutions to damages caused at the planning stages.

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Impacts of investments in infrastructure projects on emerging markets’ growth: the case of East African countries

Cited by 13 publications

References 18 publications

Driving economic growth in African countries: Do Chinese OFDI sectors matter?

Driving economic growth in African countries: Do Chinese OFDI sectors matter?

Inward FDI, IFRS Adoption and Institutional Quality: Insights from the MENA Countries

Sustainable Community Development as a Main Motive of Good Governance System and Ethical Presentation in a Developing Nation

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