Nexus Between FDI, Economic Growth, Industrialization, and Employment Opportunities: Empirical Evidence from Pakistan

Khan, Irfan; Xue, Jian; Zaman, Shah; Mehmood, Zunair

doi:10.1007/s13132-022-01006-w

Cited by 18 publications

(18 citation statements)

References 59 publications

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“…Therefore, the increase in economic growth eventually enhances the utilization of human capital within the country. Such an effect of economic growth on employment was also indicated by Khan et al (2022). Similarly, export volume has a positive relationship with the employment rate.…”

Section: Discussionmentioning

confidence: 69%

“…The contribution of the current study can be enlisted as: first, the current analysis offers robustness to some recent studies arranged by Khan et al (2022), and Kananurak and Sirisankanan (2020). By considering the same variables and alternative data specification, the current analysis adds new shreds to the recent literature regarding the determinants of employment rate.…”

Section: Introductionmentioning

confidence: 81%

“…Due to less capital formation and slow economic progress, the South Asia region is facing the issue of high unemployment (Khan et al, 2022). The limitation of capital to non-labor-intensive projects, that is, the real estate sector, and high economic uncertainty have decreased the flow of capital toward the real sector of an economy in this region.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Effect of financial sector development and FDI inflow on employment rate in South Asia: New empirical evidence from ARDL approach

Farooq,

Tabash,

Al‐Faryan

et al. 2024

Journal of Public Affairs

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The current analysis aims to explore the empirical nexus between financial development, foreign direct investment (FDI) inflow, and employment rate. To attain this aim, we collect 30 years of annual data over the period 1990 to 2019 from South Asian economies and employ the autoregressive dynamic least square (ARDL) model for regression analysis. The implication of the ARDL model was subject to the mixed stationarity status of the series as assessed by unit root testing. The robustness of the analysis was checked by employing the fully modified ordinary least square (FMOLS) and dynamic ordinary least square (DOLS) models. The statistical analysis infers that both financial development and FDI inflow enhance the employment rate in the South Asia region. In addition, the empirical analysis infers that the gross capital formation, economic growth, and export volume have a positive while the population growth rate has a negative effect on the employment rate. The impact of underlying explanatory variables was found significant only in long run. The estimated coefficient values in the case of FMOLS and DOLS models support the direction of the relationship between explanatory variables and employment rate, implying the robustness of the analysis. The findings of the current analysis can be used to devise efficient economic policies to cope with the encroaching issue of unemployment in the South Asia region. This study offers the robustness to existing literature and complements the literature by exploring the underlying arrangement of study to the whole South Asia group.

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Section: Discussionmentioning

confidence: 69%

Section: Introductionmentioning

confidence: 81%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Effect of financial sector development and FDI inflow on employment rate in South Asia: New empirical evidence from ARDL approach

Farooq,

Tabash,

Al‐Faryan

et al. 2024

Journal of Public Affairs

View full text Add to dashboard Cite

show abstract

“…Applying the Feasible Generalized Least Squares (FGLS) technique, the study revealed an insignificant negative effect of FDI on youth unemployment in the SADC region. Khan et al (2022) explored the effect of FDI on employment creation in Pakistan from 1900 to 2019. Using the ARDL bound test approach; the study found that increases in FDI, industrialization and gross capital formation increases the opportunities for people to be employed both in the short and long-run.…”

Section: Review Of Literaturementioning

confidence: 99%

Untitled

2022

IJBESAR

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AIM AND SCOPEThe International Journal of Business and Economic Sciences Applied Research (IJBESAR) is a blind peer-reviewed, scholarly journal devoted to publishing high-quality papers and sharing original business and economics research worldwide. The Journal considers only manuscripts that have not been published (or submitted simultaneously), at any language, elsewhere. Contributions are in English. The authors retain the copyright of their work without restrictions. The Journal is issued both in electronic form (for free) and in printed form as annual volume (free for the authors). The Journal accepts 9 types of articles defined as follows:1. Research Articles: A research article is a regular article which aims to present new findings. 2. Letters to the Editor: A letter to the editor is a short article which aims to present new findings that require fast publication procedures. 3. Notes: A note is an article (regular or short) which aims to present rather new findings. 4. Comments: A comment is a short article that makes comments on another article already published by this journal or replies to a comment; 5. Review Articles: A review article is an article which aims to present comprehensively already existing findings.6. Lecture Notes: A lecture note is a short review article. 7. Monographs: A monograph is a thesis of one or more authors on a unique subject; apart from the standard reviewing procedures, a monograph must also be accepted from a committee of specialists appointed by the Editor. 8. Innovations: An innovation is an article which aims to present new procedures or devices. 9. Selected conference articles: Upon an agreement with a conference committee, selected papers may be published by the Journal in a special section. In this case the editor will appoint in collaboration with the conference committee guest editors.

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“…Under the global climate crisis, how to achieve green recovery and sustainable development has become an emerging issue for international society (Khan et al 2022 ; Watts et al 2018 ). With the frequent occurrence of destructive and unpredictable weather, reducing and mitigating the actual and potential negative environmental effects caused by economic activities is a practical measure for countries worldwide (Antweiler et al 2001 ; Cunha-Zeri et al 2022 ).…”

Section: Introductionmentioning

confidence: 99%

The role of OFDI in home-country pollution: insights from LMDI and 3SLS approaches

Liu

2023

Environ Sci Pollut Res

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Under the global climate crisis, harnessing investment for sustainable development is a practical and effective measure for international society. Based on the logarithmic mean Divisia index (LMDI) decomposition and three-stage least squares (3SLS) structural approaches, this study explores the home-country pollution reduction effect of Chinese OFDI activities using the city-level panel data from 2007 to 2019. The findings of this study indicate that (1) China has made a remarkable achievement in PM2.5 pollution reduction and governance, especially from the year 2012. (2) The OFDI activities can significantly decrease the home-country PM 2.5 pollution. With every 1% increase in OFDI flows, the overall pollution level will decrease by 0.76%. (3) Compared with the scale mechanism, the technology and composition mechanism effects of OFDI flows are more evident in addressing the home-country PM 2.5 pollution. With several related policy implications, this study may fill the lacuna of how to play the role of OFDI activities in the home country, thus promoting sustainable development in the next stage.

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Nexus Between FDI, Economic Growth, Industrialization, and Employment Opportunities: Empirical Evidence from Pakistan

Cited by 18 publications

References 59 publications

Effect of financial sector development and FDI inflow on employment rate in South Asia: New empirical evidence from ARDL approach

Effect of financial sector development and FDI inflow on employment rate in South Asia: New empirical evidence from ARDL approach

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The role of OFDI in home-country pollution: insights from LMDI and 3SLS approaches

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