Investment and Economic Growth in West Africa: Panel Data Evidence from Selected Countries | Chapter 7 | Economics, Business and Management: Recent Advances Vol. 1

 

Economic growth constitutes one of the fundamental macroeconomic objectives, which most nations, especially the developing economies, strive to achieve. Investment plays a critical role in a country’s economic growth by allowing for the use of modern production methods, stimulating innovation, technology transfer and expanding countries’ production efficiency. Both domestic and foreign generally promote economic growth in developing countries. This study examined the impact of investment on economic growth using panel data from selected West African countries over the period 1990–2024. The dependent variable was gross domestic product, while domestic investment, inward foreign direct investment, outward foreign direct investment and insecurity index were the independent variables. The data were sourced from the World Development Indicator and Central Banks of the respective countries. The selected West African countries in focus included Nigeria, Ghana, Liberia, The Gambia and Sierra Leone. A panel random effect model was used in analysing the data. The result obtained revealed that domestic investment had a significant and positive effect on the economic growth of the selected countries, while FDI inflow and the insecurity index exerted negative effects on economic growth. Ghana had the most positive effect as the country recorded positive trends in their domestic investment and inward foreign investment, which exerted positive effects on the country’s economic growth. The study concluded that domestic investments in the selected countries have been appreciable and have increased the economy of the countries, but foreign direct investment inflow and outflow have not had the desired effect on the growth of the countries’ economies. Security challenges continued to pose significant constraints on both inward and outward foreign direct investment (FDI) flows within the region. It is therefore recommended that governments in the West African region enhance the attractiveness of their domestic economies to foreign investors by strengthening infrastructure development, accelerating industrialisation efforts, and leveraging regional trade agreements to promote and facilitate cross-border investments.

 

 

Author(s) Details

A. A. Igwemma
Department of Economics, Faculty of Social Sciences, Imo State University, Owerri, Nigeria.

 

U. Eronini Nnamdi
Department of Economics, Faculty of Social Sciences, Imo State University, Owerri, Nigeria.

 

A. Mbadugha Onyebuchi
Department of Economics, Faculty of Social Sciences, Imo State University, Owerri, Nigeria.

 

C. Ike Chigozie
Department of Economics, Faculty of Social Sciences, Imo State University, Owerri, Nigeria.

 

Please see the book here :- https://doi.org/10.9734/bpi/ebmra/v1/7194

An Empirical Study on Millennial’s Behavior towards Perception of Investment Avenues with Reference to the Kutch Region of the Gujarat | Chapter 22 | Leading the Charge: A Guide to Management, Entrepreneurship and Technology in the Dynamic Business Landscape Edition 1

The finance sector is a vital component of the economy, serving as a stimulant for economic growth, resource allocation, and risk management. It contributes to the creation of capital by mobilizing savings and directing them towards investments. In this investment decision, the investors play a crucial role in the economic development. This study’s primary goal is to examine the effects of gender, occupation, income level, and annual savings on the investment decision. The author also aims to find out the impact of investment objectives on the investment decisions of millennials. Millennials represent a large and influential portion of the population. Their decisions make a huge difference in the economy and it is essential to find the factors that affect the millennial’s investment behaviour. The study fills a deliberate gap by identifying the influence of demographics on the financial choices of millennials. In this study, the researcher has studied the investment behaviour of the 102 working millennials in the Kutch region of Gujarat. The study focuses on millennials' objectives while choosing the investment avenues, and factors influencing investment decisions. The analysis and data interpretation was done by SPSS. The research emphasizes that something is lacking in the study and found the absence of a strong correlation between annual savings and monthly income. The gender is significantly associated with gold & silver and Real estate. As the same demographic factor occupation is also significantly associated with the traditional avenues.

 

Author (s) Details

 

Hardika Rajubhai Jadav
School of Doctoral Research and Innovation, GLS University, India.

 

Dharmesh Shah
Faculty of Management, GLS University, India.

 

Please see the book here:- https://doi.org/10.9734/bpi/mono/978-93-48859-98-3/CH22

Feasibility Study with Flexibility and Uncertainty about Investment in Generation of Photovoltaic Solar Energy | Chapter 6 | Advances and Challenges in Science and Technology Vol. 6

 The aim of this research search out establish a methodology that authorizes the capture of environmental doubts by enhancing decision-making so that assess the animation of funding a solar radiation producing project. a photovoltaic (PV) technologies for power generation bookkeeping scheme is proposed and used. The adopted blueprint aims to overcome limitations of normal indicators such as EROI (Energy Return on Investment) and EPBT (Energy Payback Time) and to present a more inclusive description of strength and material transformations. The paper gives a comparative reasoning of the investment practicability of a solar tiny-energy system for buying, taking into account a administration of certainty and uncertainty. The cost of cosmic panels and the electricity levy were the two speculated stochastic variables. The trajectories were fake with the binomial approach that linked resulted in a quadratic drawing. The applied methods presented high-quality recommendation and the option to wait was ultimate valuable. The exchange of the energy acquired from Light Serviços de Eletricidade S/A - Brazilian electricity company by own era of energy accompanying a solar photovoltaic beginning will be viable for the manager because it observes the behavior of the variables over opportunity and follows the rules of optimal resolution.

Author(s) Details:

Lucimeire Cordeiro da Silva,
Programa de Pós-Graduação em Administração, UNIGRANRIO – Universidade Grande Rio, Rio de Janeiro, Brazil and Escola de Gestão e Negócios, UNIFOA – Centro Universitário de Volta Redonda, Volta Redonda/RJ, Brazil.

Tara Keshar Nanda Baidya,
Programa de Pós-Graduação em Administração, UNIGRANRIO – Universidade Grande Rio, Rio de Janeiro, Brazil.

Please see the link here: https://stm.bookpi.org/ACST-V6/article/view/12133

Composite Wave Sheets from Basalt Fiber for Pitched Roofing | Chapter 2 | Research and Developments in Engineering Research Vol. 3

 This item describes scientific research on the invention of highly adept asbestos-free composite sheet cover materials established basalt fibers using nanotechnology and creative developments, established local conditions. Since in modern environments the problems of environmentally intimate and durable materials are severe, the authors propose an creative method of replacing resistant to burning and chrysotile fibers in the production of gestured roofing sheets. New ideas and results of exploratory developments, concerning details regulations and practical experiments in this place are proposed. The Mega Invest Industrial joint venture is a complicated basalt fiber builder in Central Asia and the second largest builder in the CIS, which produces a wide range of extreme-strong volcano matter fibers. The authors made an attempt to realize the plan of using local volcano matter fiber for the production of gesturing roofing sheets.

Author(s) Details:

N. F. Bakhriev,
Department of Construction Materials, Samarkand State Architectural and Civil Engineering Institute (SSACEI), Uzbekistan.

N. R. Qurolova,
Department of Construction Materials, Samarkand State Architectural and Civil Engineering Institute (SSACEI), Uzbekistan.

Please see the link here: https://stm.bookpi.org/RADER-V3/article/view/10506

Determining the Performance of Special Economic Zones in India | Chapter 11 |New Innovations in Economics, Business and Management Vol. 7

 An attempt has been made in this study to assess the performance of SEZs in India. The study is based on secondary data collected from 2006-07 through 2020-21. According to the study's findings, India now has 268 special economic zones (SEZs) in operation as of February 17, 2022. SEZs have attracted a great amount of investment and created a large number of job opportunities for the people, contributing in India's poverty eradication. In conclusion, special economic zones (SEZs) have played an important role in attracting foreign direct investment and creating jobs in the country, according to the report. According to the report, Tamil Nadu has the most approved SEZs, followed by Maharashtra and Telangana. With the most SEZs in India, the IT/ITES/Electronic hardware and software sector is on top.

Author(S) Details

Deepak Kumar
Department of Economics, Chaudhary Ranbir Singh University, Jind (Haryana), India.

Sunil Phougat
Department of Economics, Chaudhary Ranbir Singh University, Jind (Haryana), India.

View Book:- https://stm.bookpi.org/NIEBM-V7/article/view/6396

International Investment Law Cannot Limit the State's Regulation | Chapter 12 |New Innovations in Economics, Business and Management Vol. 7

 Recognize international investment law as a component of international law control and management, then study the interactions between foreign investors and the host country's government, contrasting it with the role of state regulation. It was detailed how a qualitative case study was used in the research and how source material was collected to express the role of international investment regulations. The researcher contacted representatives from the United Kingdom, the United States, and China to obtain some implementation examples. A complete comparison was made after a careful assessment of the literature from the United Kingdom and the United States. Some of the study's findings are as follows: (1) After explaining the main procedural and substantive issues, we identify the restriction of the foreign investment role in providing protection for foreign investors against state regulation, based on these interpretations of international investment law. (2) There is no comprehensive or integrated international treaty on foreign investment regulation. (3) After completing a study of the function of investment law in preventing investor rights in jurisprudence, international investment law can be considered one of the pioneers for investor protection. (4) With the growth of international investment and the number of corporations operating in foreign nations, the application of public international law's main notions has been regarded insufficient to control foreign investment.

Author(S) Details

Eman Adel Eid Hassan
Ahram Candian University, 6th of October City, Egypt.

View Book:- https://stm.bookpi.org/NIEBM-V7/article/view/6397

A Brief Study on Institutions, Investment and Economic Growth | Chapter 6 | Modern Perspectives in Economics, Business and Management Vol. 7

 Since the 1990s, there has been a revived interest in the function of institutions in promoting economic progress. Indeed, a robust institutional environment can help accomplish economic growth by boosting domestic and international investment. Exactly within this framework, the goal of this chapter is to survey the empirical literature on the subject before moving on to two econometric investigations to test the effects of institutions on a set of countries' economic growth.

The findings of these numerous studies show that institutional factors have a beneficial direct and indirect impact on investment and economic growth. As a result, the work done within the scope of this chapter reinforces the core premise that a healthy institutional framework can only play a critical role in achieving high economic performance and, ultimately, economic growth.


Author (S) Details

Dr. Hadhek Zouhaier
Superior Institut of Gestion (ISG) of Gabès- Tunisia, ISG Gabès rue Jilani Habib 6002 Gabès, Tunisia.


Ms. Sawsen Nafti
Superior Institut of Gestion (ISG) of Gabès- Tunisia, ISG Gabès rue Jilani Habib 6002 Gabès, Tunisia.


View Book :- https://stm.bookpi.org/MPEBM-V7/article/view/3622

Soil Management Investment on Cassava Production in Oyo State, Nigeria | Chapter 6 | Recent Progress in Plant and Soil Research Vol. 1

 Using cross-sectional data, this study examines soil management investment in cassava production in Ido Local Government Area of Oyo State (Nigeria). Agriculture is a major economic sector in Nigeria, employing the vast majority of the population. Commercialization at the small, medium, and large scale enterprise levels is transforming the sector. Data were collected from 88 respondents using a structured questionnaire; four villages were chosen at random for the study. The collected data was analyzed using descriptive, mean, and multiple regression techniques. According to the findings, 84.1 percent of farmers were male, while 15.9 percent were female. 45.4 percent were between the ages of 21 and 30 years, 60.2 percent had 1-10 years of farming experience, and 33.0 percent had tertiary education. The most common soil management practices used by respondents were fertilizer and manure applications; 44.3 percent of farmers spent between N11,000 and N20,000 on soil management during the farming season. The regression analyses revealed that farm size and cassava output were both positively significant (= 0.203, p0.10) and (= 0.262, p0.01)1, respectively, whereas labor used was negatively significant (= -0.163, p0.01).  p0.10) to the level of soil management investment It was suggested, however, that farmers be better educated on appropriate soil management coping strategies. As a result, farmers should be encouraged by the government to improve their soil management system in order to increase productivity in the study area by providing formal credit facilities with no or low interest rates. It is suggested that policymakers assist farmers by providing agricultural credit and farm machinery at a subsidised rate, which could solve the problem of labor intensity and increase farmer productivity.

Author(s) Details

Isaac. O. Oyewo,
Federal College of Forestry (FRIN), P.M.B. 5087, Jericho Hill, Ibadan, Oyo State, Nigeria.

Dr. Adejare. A. Adesope
Forestry Research Institute of Nigeria, P.M.B. 5054, Jericho, Ibadan, Nigeria.

Esther. O. O. Ladipupo-Alade
Forestry Research Institute of Nigeria, P.M.B. 5054, Jericho, Ibadan, Nigeria.

View Book :- https://stm.bookpi.org/RPPSR-V1/article/view/1864

Corrupting the Transition to Private Ownership | Chapter 1 | Insights into Economics and Management Vol. 11

 We describe a political economic framework for an economy once it has transitioned to private ownership in this chapter. The transformation, which is marked by extensive privatisation, is accompanied by a shift in the judicial system, which is controlled by an elite that can be classified as either corrupt or not. The corrupt elite's capacity to sway the ruling party may result in weak legal institutions, resulting in underinvestment, corruption, and the monopolisation of valuable industries by corrupt capitalists. We show that corrupt investors corrupt the more lucrative industries by generating heterogeneity within industries, and that in corrupt economies, corrupt investors can distinguish themselves from non-corrupt investors. Furthermore, we identified two ways used by corrupt investors to syphon profit – output stealing and profit stealing – and demonstrated that corrupt investors can go back and forth between the two to avoid the limits imposed by stronger institutions. To this reason, strengthening institutions in only one area may, in the end, lead to a reduction in output and investment.

Author (s) Details

Gal Hochman
Rutgers University, New Brunswick, New Jersey, US.

Eithan Hochman
Hebrew University of Jerusalem, Israel.

David Zilberman
University of California, Berkeley, California.

View Book :- https://stm.bookpi.org/IEAM-V11/article/view/1322

A Study on Financial Awareness among Slum Dwellers in Bangalore City | Chapter 2 | Insights into Economics and Management Vol. 9

 Any government's objective for equitable and sustainable economic development is financial inclusion. Financial literacy and financial inclusion are two sides of the same coin. Financial literacy is required for financial inclusion and poverty alleviation to be successful. Because of the evolution of the economy and financial markets, financial education or financial literacy has become more important in recent years. Financial literacy levels around the world are unacceptably low, according to studies. In comparison to industrialized countries, developing countries have a far lower financial literacy rate. People find it challenging to make confident decisions on personal economic difficulties, and they frequently make mistakes. In India, as well, financial literacy is extremely low. With this backdrop in mind, the current study attempts to examine slum residents' overall financial awareness in Bangalore. Add a sentence or two about the findings.

Author (s) Details

Divya Bansal
Amity University, Noida, India.

U. Divya
Adarsh Institute of Management & Information Technology, India.

View Book :- https://stm.bookpi.org/IEAM-V9/article/view/940