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Pakistan, a developing country, desperately looked for foreign investment in order to promote growth and investment …. Pakistan introduced a number of policy measuresin the last few decades and attracted substantial foreign investments. But it is … not clear whether foreign investments inflowsin Pakistan played any role in growth and development in Pakistan? Thisstudy …
Persistent link: https://www.econbiz.de/10012814350
This paper introduces an alternative indicator to evaluate the external sector behavior of a country or region. The objective of this indicator, titled “The External Sector Vulnerability Monitoring Index” (henceforth ESVM) (λ), is to offer policy-makers and researchers a new analytical tool...
Persistent link: https://www.econbiz.de/10012177120
We study the role of multinationals (MNCs) in facilitating firm-level and aggregate structural transformation. Using a stylized model of multinational production and trade, we show that an inward multinational liberalization in the manufacturing sector raises employment in host country firms,...
Persistent link: https://www.econbiz.de/10013388850
The period following mid-1970s marked the implementation of liberal trade policies by African economies to attract FDI for sustainable economic development. This paper estimates a structural VECM and investigates the long-run effectiveness of trade liberalization as an FDI policy measure for...
Persistent link: https://www.econbiz.de/10014039835
Persistent link: https://www.econbiz.de/10011751715
Foreign direct investment serves as a cornerstone for economic development, particularly in lower- and middle-income countries, where it brings crucial capital, technology, and expertise. Despite institutional challenges in many African nations, there is controversy over the effects of...
Persistent link: https://www.econbiz.de/10015209361
Persistent link: https://www.econbiz.de/10010473422
Many developing countries have adopted investor-friendly policies in order to attract export-oriented foreign direct investment (FDI). The effects of these policies on the external accounts have largely been ignored. We endogenize FDI inflows in a structuralist general equilibrium framework to...
Persistent link: https://www.econbiz.de/10014212332
The U.S. Bureau of Economic Analysis (BEA) estimates the return on investments of foreign subsidiaries of U.S. multinational companies over the period 1982-2006 averaged 9.4 percent annually after taxes; U.S. subsidiaries of foreign multinationals averaged only 3.2 percent. Two factors distort...
Persistent link: https://www.econbiz.de/10014216446
This paper provides a selective survey of the literature on home country effects of FDI, and points to some new questions regarding the impact of outward FDI on economic structure in the home country. Much of the existing literature on production interactions between the domestic and foreign...
Persistent link: https://www.econbiz.de/10014154635