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Autor
Sharma Basu (University of New Brunswick, Canada), Srinivasan Gopalan (University of New Brunswick, Canada), Arcelus Francisco J. (University of New Brunswick, Canada), Subedi Murari (University of New Brunswick, Canada)
Tytuł
Foreign Capital and Human Development in Asia
Źródło
Przedsiębiorczość i Zarządzanie, 2014, t. 15, z. 11, cz. 2, s. 19-26, bibliogr. 24 poz.
Entrepreneurship and Management
Tytuł własny numeru
Zarządzanie - nowe perspektywy w dobie zmian demograficznych - w świetle badań
Słowa kluczowe
Pomoc zagraniczna, Inwestycje bezpośrednie, Kapitał zagraniczny
Foreign aid, Direct investments, Foreign capital
Uwagi
summ.
Kraj/Region
Azja
Asia
Abstrakt
This paper examines the effects of two important types of foreign capital resources -foreign direct investment and foreign aid - on human development, a proxy for societal well-being, in 28 Asian countries for the period 1990-2009. The theoretical underpinning of the study is based on the assumption that foreign aid helps to create infrastructure, which in turn, helps to attract foreign direct investment. Both resources should then contribute to a higher level of human development. However, regression results obtained by estimating a reduced form equation indicate a positive but insignificant effect of foreign direct investment (FDI) but a negative and statistically significant effect of foreign aid (FA) on human development. Explanation for this tenuous link between foreign capital resources and human development are provided in the discussion of the results. (original abstract)
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Bibliografia
Pokaż
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  9. Ericsson J., Irandoust M. (2001), On the causality between foreign direct investment and output: a comparative study, "International Trade Journal", 15, pp. 1-26.
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  17. Kotrajaras P., Tubtimtong B., Wiboonchutikula P. (2011), Does FDI enhance economic growth? New evidence from East Asia, "Asian Economic Bulletin", 28(2), pp. 183-202.
  18. Kottaridi C., Stengos T. (2010), Foreign direct investment, human capital and non-linearities in economic growth, "Journal of Macroeconomics", 32, pp. 858-871.
  19. Krugman P. (2000), Fire-sale FDI [in:] S. Edwards (ed.), Capital Flows and the Emerging Economies, The University of Chicago Press, Chicago.
  20. Reiger S.L., Steensma H.K. (2010), Human development and foreign direct investment in developing countries: the influence of FDI policy and corruption, "World Development", 38(12), pp. 1678-1691.
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  22. United Nations Conference on Trade and Development (UNCTAD). Various years. World Investment Report. New York and Geneva, United Nations Publications.
  23. United Nations Development Program (UNDP). Various years. Human Development Report. New York, United Nations Publications.
  24. World Bank. Various years. World Tables. Washington D.C., World Bank Publications.
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ISSN
1733-2486
Język
eng
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