Nexus Between Good Governance and Economic Growth: Econometric Evidence from India| Chapter 5 | New Advances in Business, Management and Economics Vol. 11

 

The concept of good governance refers to the way authority is exercised to manage a country’s economic, social and political resources. It highlights the importance of dynamic interactions between the state, civil society and citizens in processes of decision-making, implementation and accountability. When governments prioritise key sectors such as education, health and social protection, the outcomes directly enhance individual well-being and foster inclusive growth. This study investigates whether good governance helps drive economic growth in India, using annual data from 1996 to 2022. Economic growth is measured by per capita GDP, while governance is captured through three key indicators: control of corruption, political stability and voice and accountability. To get a clearer picture, other important factors such as the Human Development Index (HDI), government consumption, trade openness, foreign direct investment (FDI) and gross fixed capital formation (GFCF) are also included.

 

The analysis applies the Autoregressive Distributed Lag (ARDL) bounds testing approach, which is well-suited for exploring both short-run and long-run relationships, when variables are integrated of mixed order. The results confirm that good governance plays a significant role in supporting India’s long-term economic growth. Specifically, stronger control of corruption, political stability and voice and accountability are all linked with higher economic growth. Among the control variables, human development, government consumption and trade openness also show a positive impact on economic growth. On the other hand, FDI is found to have a negative but statistically insignificant impact, while GFCF has a negative but significant impact, suggesting that capital investments in India may not be translating efficiently into economic growth, possibly due to institutional or structural weaknesses.

 

Overall, the findings highlight that improving governance and investing in human development are crucial for India’s sustained progress. Policymakers should therefore focus on strengthening institutions, ensuring accountability and enhancing the quality of governance systems so that investments and reforms can produce stronger and more inclusive economic outcomes.

 

 

Author(s) Details

Ayushi Vashistha
Department of Economics, IIS (Deemed to be University), Jaipur, India.

 

C.R. Bishnoi
Department of Economics, IIS (Deemed to be University), Jaipur, India.

 

Please see the book here :- https://doi.org/10.9734/bpi/nabme/v11/6497

Vietnam's Post-COVID Resilience: Potential Market for Attracting Foreign Direct Investment | Chapter 5 | Contemporary Research in Business, Management and Economics Vol. 6

 

The COVID-19 pandemic has caused an unprecedented disruption in the global economy, comparable only to the Great Depression of 1930. Many international organizations have acknowledged Vietnam as one of the most attractive investment destinations post-pandemic. Vietnam is highly esteemed by the international community for its effective pandemic containment measures, instilling confidence in foreign investors to engage in business and investment activities. Furthermore, Vietnam is categorized among the least affected countries by the pandemic, with forecasts indicating its ability to weather the global economic downturn successfully. Vietnam's appeal for foreign direct investment is growing, propelled by its competitive advantages and strategic positioning, particularly its skilled workforce and favorable business environment. Economic recovery indicators are evident, with a robust 6.72% GDP growth in Q4 2023 contributing to an annual 5.05% growth. The National Assembly has set an optimistic GDP growth target of 6.0% to 6.5% for 2024, reflecting confidence in Vietnam's economic revitalization. This study employs a qualitative research approach and addresses significant questions, such as how Vietnam can quickly overcome the impact of the COVID-19 pandemic and how Vietnam has attracted foreign FDI post-COVID-19. The paper finds that firstly, Vietnam has an effective anti-epidemic model and experience from the SARS pandemic in 2003; second, the Government has had timely policies to gradually support businesses and people to overcome the difficulties of the COVID-19 pandemic, so the economy gradually recovered and became an ideal destination for FDI from major powers; and thirdly, Vietnam's strategic location grants it unparalleled access to diverse markets and positions it as a prime location for businesses looking to establish a foothold in Southeast Asia. It concludes that a stable business environment and Vietnam's economic growth potential will make it an attractive destination for foreign investors in the future.

 

 

Author(s) Details

Tran My Hai Loc

Department of Diplomatic Politics, Faculty of International Relations, Ho Chi Minh City University of Foreign Languages – Information Technology, Vietnam and University of Social Sciences and Humanities, Vietnam National University, Hanoi, Vietnam.

 

 

Please see the book here:- https://doi.org/10.9734/bpi/crbme/v6/143

Impact of Foreign Remittances on Ghanaian Economic Growth: An Assessment of the Mediating Role of Mobile Phone Technology | Chapter 8 | Business, Management and Economics: Research Progress Vol. 7

The aim of the study was to investigate how remittance inflows affect economic growth while taking the mobile phone technology's mediating function into account. Ghana was the subject of the 46-year study, which ran from 1975 until 2020. The Ordinary Least Square regression model was employed in the investigation. The findings showed that remittance inflow had a small but negative impact on economic growth in the absence of the interaction effect. The analysis finds a strong positive correlation between the introduction of an interactive term (mobile phone technology) and economic growth. Mobile Phone Technology showed a strong positive correlation with economic growth, but remittances showed a negligible positive correlation. According to the study, life expectancy, exchange rates, and foreign direct investment (FDI) are the main factors influencing economic growth. The study's findings indicate that in order to maximize the benefits of foreign remittances on economic growth, policymakers should establish a suitable technological framework for their management and utilization. This will improve financial inclusion, lower transaction costs, and encourage the effective use of funds.

 

Author (s) Details

Ibrahim, Zubairu
Department of Accounting & Finance, Accra Technical University, Accra, Ghana.

 

Marim Alenezi
Department of Accounting & Finance, College of Business Administration, Prince Mohammed Bin Fahd University, Saudi Arabia.

 

Ahmed Jamal Iddrisu
Department of Banking & Finance, University of Professional Studies, Accra, Ghana.

 

Essel Francis Amankwanor
Department of Accounting & Finance, Accra Technical University, Accra, Ghana.

 

Please see the book here:- https://doi.org/10.9734/bpi/bmerp/v7/2802

Examining the Factors Influencing Foreign Direct Investment: Evidence from Sudan | Chapter 3 | Business, Management and Economics: Research Progress Vol. 7

Sudan, as one of many developing countries, has increasingly addressed FDI as a means of economic development as well as for the stimulation of income growth and employment opportunities. Instead of leveraging self-savings, Sudan is mostly dependent upon foreign financing and domestic borrowing to ensure financial inflow, in order to budget and balance its payment deficits. This chapter examines foreign direct investment (FDI) in the context of Sudan during the period 1990–2020. The bounds-testing method of cointegration and the error correction model have been employed. Annual data from 1990 to 2020 on six macroeconomic indicators (e.g., real GDP, exchange and inflation rates, domestic investment, openness of trade, and FDI) were utilized in this research, including time series data obtained from the Central Bank of Sudan, the Ministry of Investment, and Central Bureau of Statistics. This research applied a model that assesses how various types of selective variables impacted the attraction of FDI to Sudan between 1990 and 2020. As per the results, it can be understood that the variables considered for the study are combined on a long-term basis if FDI remains a dependent variable. Further, a significant equilibrium correction was found, which supports the existence of a long-term relationship. A number of internal and external factors, especially gross domestic product (GDP), investment/GDP, trade openness, inflation, exchange rate, and growth rate were found to impact the state of FDI in Sudan. The variables showed no causalities as per the outcomes of the Granger causality test. Moreover, as per the variance decomposition results, the forecast error variance of FDI, in addition to that of GDP, investment/GDP, and inflation, was found to be self-explanatory. Additionally, as per the impulse response functions, the results demonstrated a short-term negative association between GDP and FDI, suggesting that Sudan possesses inadequate absorptive capacity for promoting its economy using FDI. The results of this research emphasized how selective public policies can be utilized to promote FDI and consequently facilitate short- and long-term economic growth. Therefore, it is useful to recommend some policy implications to promote the application of FDI in Sudan. A dynamic, attractive domestic environment should be created through the implementation of relevant policies; FDI must be supported by a hospitable regulatory framework, a large market, and a favorable economic environment, and ensure that the economy is stable and that the investment climate is attractive. Some sectors should also be prioritized in investments, such as agriculture-based industries, transport, communications, renewable energy, and digital transformation in government services, as well as financial and banking industries.

 

Author (s) Details

Mohamed Sharif Bashir
Applied College, Imam Mohammad Ibn Saud Islamic University, Riyadh, Saudi Arabia.

 

Ahmed Abdu Allah Ibrahim
Faculty of Economic and Social Studies, Al-Neelain University, Khartoum, Sudan.

 

Please see the book here:- https://doi.org/10.9734/bpi/bmerp/v7/2844

Vietnam's Post-COVID Resilience: Potential Market for Attracting Foreign Direct Investment | Chapter 5 | Contemporary Research in Business, Management and Economics Vol. 6

 

The COVID-19 pandemic has caused an unprecedented disruption in the global economy, comparable only to the Great Depression of 1930. Many international organizations have acknowledged Vietnam as one of the most attractive investment destinations post-pandemic. Vietnam is highly esteemed by the international community for its effective pandemic containment measures, instilling confidence in foreign investors to engage in business and investment activities. Furthermore, Vietnam is categorized among the least affected countries by the pandemic, with forecasts indicating its ability to weather the global economic downturn successfully. Vietnam's appeal for foreign direct investment is growing, propelled by its competitive advantages and strategic positioning, particularly its skilled workforce and favorable business environment. Economic recovery indicators are evident, with a robust 6.72% GDP growth in Q4 2023 contributing to an annual 5.05% growth. The National Assembly has set an optimistic GDP growth target of 6.0% to 6.5% for 2024, reflecting confidence in Vietnam's economic revitalization. This study employs a qualitative research approach and addresses significant questions, such as how Vietnam can quickly overcome the impact of the COVID-19 pandemic and how Vietnam has attracted foreign FDI post-COVID-19. The paper finds that firstly, Vietnam has an effective anti-epidemic model and experience from the SARS pandemic in 2003; second, the Government has had timely policies to gradually support businesses and people to overcome the difficulties of the COVID-19 pandemic, so the economy gradually recovered and became an ideal destination for FDI from major powers; and thirdly, Vietnam's strategic location grants it unparalleled access to diverse markets and positions it as a prime location for businesses looking to establish a foothold in Southeast Asia. It concludes that a stable business environment and Vietnam's economic growth potential will make it an attractive destination for foreign investors in the future.

Author(s) Details:

Tran My Hai Loc,
Department of Diplomatic Politics, Faculty of International Relations, Ho Chi Minh City University of Foreign Languages – Information Technology, Vietnam and University of Social Sciences and Humanities, Vietnam National University, Hanoi, Vietnam.

Please see the link here: https://stm.bookpi.org/CRBME-V6/article/view/14353

An Empirical Analysis of the Nexus between Foreign Direct Investment and Economic Growth in Tanzania | Chapter 10 | An Overview on Business, Management and Economics Research Vol. 6

 This stage investigates the causal relationship betwixt foreign direct investment (FDI) inflows and financial growth in Tanzania during 1990–2020. Because financial development and business were not included in extant studies, we received the two variables as intermediate variables by way of their intermediation role in the relationship 'tween inward FDI and economic growth. We acquired yearly data on Tanzania’s GDP, FD, work (TRD), and net FDI during 1990–2020 from World Bank Group and OECD Ethnic Accounts data files. Neoclassical progress theories claim  that FDI enhances financial growth by augmenting authorized capital stock and technology. This study employed the autoregressive delivered lag model and Granger origin tests to analyze the relationship. The results display that there exists a long-run friendship among the variables under consideration in Tanzania. Furthermore, the results show a long- and short-term positive and statistically meaningful unidirectional causal relationship middle from two points FDI inflow and Tanzania's economic progress. Hence, this chapter decided that Tanzania should emphasize FDI-led development policies while strengthening allure internal conditions, to a degree financial and human capital development, to improve economic growth and accomplish the desired economic goals. Moreover, future research should contain other pertinent variables in a scheme of equations where additional economic variables can also decide the nexus between FDI inflows and business-related growth.

Author(s) Details:

Benedict Huruma Peter Mwakabungu,
Department of Economics, Gujarat University, India.

Jignesh Kauangal,
Shree Narayana College of Commerce, Ahmedabad, India.

Please see the link here: https://stm.bookpi.org/AOBMER-V6/article/view/12796

Determination of Foreign Direct Investment (FDI) in the Manufacturing Sectors in Malaysia | Chapter 6 | Current Topics on Business, Economics and Finance Vol. 1

 The present study tests the foreign direct investment (FDI) cause in the main production sectors and the impact of FDI on economic development in Malaysia. Moreover, this study examines the link betwixt FDI and real national wage. The vector error adjustment model (VECM) is used to estimate FDI determinants and the link middle from two points FDI and real national earnings.Foreign direct investment (FDI) is a vital chauffeur for economic progress in a country. Hence, FDI determinants should be labeled in order to advance FDI. FDI could stimulate business-related growth and economic progress could intrigue FDI. A variety of policies be going to be implemented to advance FDI as FDI determinants are not the same for all subsectors of the production sector in Malaysia. Promoting FDI can be challenging in globalisation of the world saving today than before. The government be going to promote FDI that encourages the development of the domestic manufacturing. Many manufacturing sectors are raise to be considerably influenced by autocracy and state. It has been discovered that increase has a negative impact on FDI in the transport supplies sector. It is discovered that the Asian fiscal crisis of 1997–1998 had a meaningful impact on FDI in the chemical and synthetic products sector in addition to the petroleum production sector. These findings tell that FDI determinants are to some extent the same for all the manufacturing areas. Therefore, FDI would be attracted through a sort of policies. The areas of basic metal merchandise, chemicals, and chemical fruit are found expected Granger causes of real national pay, whereas the area of petroleum products is establish to be Granger cause of FDI. These findings show a relation between FDI and economic growth. Malaysia's economy can continue to evolve thanks to FDI. FDI is essential for economic growth.

Author(s) Details:

Wong Hock Tsen,
Faculty of Business, Economics and Accountancy, Universiti Malaysia Sabah, Jalan UMS, 88400 Kota Kinabalu, Sabah, Malaysia.

Please see the link here: https://stm.bookpi.org/CTBEF-V1/article/view/9709

Analysis of China’s Power Strategy to Increase Foreign Direct Investment in Madagascar | Chapter 05 | New Innovations in Economics, Business and Management Vol. 9

 This book examines China's expanding influence in Madagascar. It also looks at the dynamics of China's power strategy in Madagascar and how it is used. Many economic, political, and cultural efforts are targeted by these power methods. The objective is to establish not just a healthcare diplomacy based on friendship, mutual respect, and mutual benefit, but also to distinguish itself from conventional Western foreign policies such as those of Canada, France, and the United States.

These programmes enable Chinese investors to expand their operations. China's investment and infrastructure finance in Madagascar has expanded since the early 2010s. In 2015, China overtook the United States as Madagascar's primary commercial partner. Despite the fact that China's programmes appear to be appealing, after more than 40 years of isolation. As a result of their presence in Madagascar, tensions are growing between the Malagasy government, which granted them the permission to settle, and the citizens, who fear losing their land and natural resources.

Author(S) Details

Miora Andriamampiandra
University of Fianarantsoa, Fianarantsoa, Madagascar.

View Book:- https://stm.bookpi.org/NIEBM-V9/article/view/6884

Determining the Impact of Terrorism on Foreign Direct Investment in Kenya | Chapter 01 | New Innovations in Economics, Business and Management Vol. 5

 The association between terrorism and foreign direct investment in Kenya was examined in this paper. The analysis relied on secondary data on terrorist events and foreign direct investment from 2010 to 2012. The association between the research variables was tested using a multiple regression model. The study discovered that terrorism had a negative impact on FDI in Kenya using the model. Terrorism has a detrimental impact on FDI in Kenya, according to the findings. Terrorism undermines foreign investor trust, resulting in a drop in FDI. As a result, the study showed that when one investor is attacked, other investors are hesitant to participate in that economy, resulting in a negative spillover effect. Finally, the study found that political stability is an important driver of FDI. When there is a high level of terrorism, investors will be hesitant to invest in such economies. As a result, the null hypothesis that there is no link between terrorism and FDI was disproved.

These findings are consistent with those of a study presented at the Eight Young Economists Seminar (2013), which found that increasing the number of terrorist attacks against investors by one standard deviation reduces the flow of investment by 14 percent of the average FDI share in a host country's GDP. In addition, the studies found that. Finally, the analysis found that perceived political stability was the most critical determinant for FDI in the previous 16 years at the time of the study. The findings are also reinforced by Shahbaz et al. [1], who conducted a study on the relationship between terrorism and foreign direct investment and discovered that as the number of terrorist incidents increased, foreign investors became less interested in investing in Pakistan.

Author(S) Details

Solomon Kinyanjui
Business Administration, School of Human Resource Development, Jomo Kenyatta University of Agriculture & Technology, Nairobi, Kenya.

View Book:- https://stm.bookpi.org/NIEBM-V5/article/view/5613

Human Resource in Economics Development | Chapter 6 | New Innovations in Economics, Business and Management Vol.1

 The goal of this research is to figure out how production parameters affect Indonesia's economic growth. Economic growth can be used as a gauge of progress that reflects a country's citizens' well-being. This study's sources of economic growth are based on the production factors approach, which includes capital, labour, and technology. In comparison to capital and technology production factors, labour production factors contribute the most to Indonesian economic growth. However, when compared to the rest of ASEAN, the quality of Indonesia's human resources is the lowest. The Neo Classical economic growth model created by Abramovit and R.M. Solow uses the Cobb Douglas production function, which has been altered in the multiple regression equation, to measure the contribution of each factor of production to Indonesia's economic growth. The findings of this study show that labour and capital components have a significant impact on GDP.

Author(S) Details

Wilson Bangun
Faculty of Business, Maranatha Christian University, Indonesia.

View Book:- https://stm.bookpi.org/NIEBM-V1/article/view/4382

Investigating the Foreign Direct Investment, Intellectual Property Rights and Economic Growth: A Panel Study from Arabic Countries | Chapter 12 | Modern Perspectives in Economics, Business and Management Vol. 7

 The impact of intellectual property rights (IPR) protection and FDI inflows on economic growth is examined in this study. The empirical study is based on a model of simultaneous equations that was applied to a panel of Arab countries from 1970 to 2011.

Empirical evidence suggests that the level of IPR protection in Arab nations has had a favourable impact on FDI. They claim that improving IPR protection also boosts economic growth. FDI inflows have a negative impact on total factor productivity growth. Policymakers will benefit greatly from the findings of this study.


Author (S) Details

Dr. Mrad Fatma
Faculty of Economics and Management of Sousse, University of Sousse, Tunisia.

Dr. Hadhek Zouhaier
Higher Institute of Management (ISG) of Gabès, University of Gabès, Tunisia.

View Book - https://stm.bookpi.org/MPEBM-V7/article/view/3628

Analyzing the Impact of Institutional Quality on Foreign Direct Investment in Burkina Faso| Chapter 5 | Current Topics on Mathematics and Computer Science Vol. 4

 The purpose of this study is to assess the impact of institutional quality on the mobilisation of foreign direct investment in Burkina Faso. Over the years 1985-2005, this study looked at the impact of institutional quality on the attraction of foreign direct investment in Burkina Faso. The application of error corrective modelling was enabled by various analysis on variables (VECM). The findings demonstrate a long-term link between FDI, corruption, external conflicts, and socioeconomic situations. As a result, the country must take adequate steps to improve the fight against corruption in all areas of the economy, as well as the independence of the judiciary, all of which will contribute to investor trust. As a result, relevant policies, such as strengthening judicial governance and refining existing anti-corruption strategies, must be developed in Burkina Faso. In addition, the government must participate in the proper resolution of foreign crises that deter potential investors, particularly in the West African subregion.

Author (S) Details

Zakaya Ramde
Statistician engineer, Macroeconomist, Chamber of commerce and industry of Burkina Faso, Burkina Faso.

View Book :-  https://stm.bookpi.org/CTMCS-V4/article/view/2280

Study on External Reserves Management and Economic Growth in Nigeria (1985-2013)| Chapter 11 | Insights into Economics and Management Vol. 3

This study examined the connection between the management of external reserves and the economic growth of Nigeria over the period from 1985 to 2013. As the dependent variable, the model was defined using external reserves, while the explanatory variables are gross domestic product, exchange rate, monetary policy rate, foreign direct investment and inflation. Secondary data was collected from Nigeria's Central Bank and calculated using the Augmented Dickey-Fuller, Johansen co-integration and multiple regression studies. The study revealed that a major long-term relationship exists between external reserves and the development of the economy of Nigeria. It was further shown that explanatory variables were clarified and 90% differences in the dependent variable were accounted for, which is proof of a strong model fit. The multiple regression findings have also shown that GDP, MPR and FDI are extremely statistically relevant, whereas IFR and EXR are statistically insignificant. This means FDI, MPR and GDP are contributing At a pace of 5%, which also means that the economy's good output is a positive indicator for the inflow of foreign direct investment that affects the economy's reserve status. The study recommended that good policies should be placed in place to develop a good relationship with foreign investors, and idle reserves should be invested domestically to produce competitive exportable goods for more foreign currencies earning in the region.

Author (s) Details

Dr. Akinwunmi, Adeboye Akanni

Department of Banking and Finance, Achievers University, Owo, Nigeria.

Ajala, Rosemary Bukola

Department of Banking and Finance, The Federal Polytechnic, Ado Ekiti, Nigeria



View Book :- https://bp.bookpi.org/index.php/bpi/catalog/book/324