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Economic growth, foreign direct investment and governance oscillation: Empirical evidence from SAARC economies (1996-2015)

Journal of Economics Library

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Title Economic growth, foreign direct investment and governance oscillation: Empirical evidence from SAARC economies (1996-2015)
 
Creator NASIR, Maryam;

Department of Economics and Management Sciences, NED University of Engineering & Technology, Karachi, 75270, Pakistan

Email: maryamnasir307@gmail.com; +92 345 2791500


KHAN, Raza Ali;

Department of Civil Engineering, NED University of Engineering & Technology, Karachi, 75270, Pakistan

Email: rakhan@neduet.edu.pk and alikhan.raza@gmail.com; +92 99261261 Ext: 2226
FATIMA, Maham;

NED University of Engineering & Technology, Karachi, 75270, Pakistan
 
Subject Foreign direct investment (inflows); Governance; Economic growth; Human capital; Gross capital formation.
F21.
 
Description Abstract. Foreign direct investment (FDI) considered as one of the conventional determinant of Economic growth. Economies that are pursuing for better tomorrow must focus on attracting foreign direct Investments. FDI depends on a number of factors in a country such as market size, level of openness, natural resources, labor cost and productivity, economic growth rate, macroeconomic stability, technology level and so on. Beside these factors, Governance in the recipient economy is also an important pre-determinant of FDI. This study seeks to investigate the impact of FDI (inflows) on Economic growth via Governance through empirical evidence from SAARC economies by using Panel data technique. The data is cross-sectional time series for the period 1996-2015. GDP per capita growth has been used as a variable to assess Economic growth; foreign direct Investment (inflows) and governance data has obtained from World Bank, World Development Indicators. The results indicate that governance does not exert their impact on FDI (inflows) and fails to act as a mediating factor of FDI (inflows) in case of SAARC economies However the SAARC economies should focus on improving level of institutions for catalyzing domestic financial markets.Keywords. Foreign Direct investment (inflows), Governance, Economic Growth, Human Capital, Gross Capital Formation.JEL. F21.
 
Publisher Journal of Economics Library
 
Contributor —
 
Date 2018-07-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEL/article/view/1675
10.1453/jel.v5i2.1675
 
Source Journal of Economics Library; Vol 5, No 2 (2018): June; 169-187
2149-2379
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEL/article/view/1675/1634
http://www.kspjournals.org/index.php/JEL/article/downloadSuppFile/1675/853
http://www.kspjournals.org/index.php/JEL/article/downloadSuppFile/1675/854
http://www.kspjournals.org/index.php/JEL/article/downloadSuppFile/1675/855
http://www.kspjournals.org/index.php/JEL/article/downloadSuppFile/1675/856
 
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