Research methods in economics and its implications for capital formation
Bibliographic Data
| ID | 15068258 |
|---|---|
| Authors | Waqar Ameer (0000-0002-1762-8158, School of Economics, Shandong Technology and Business University, Shandong, Yantai, P.R. China), Helian Xu (Hunan University, corresponding author), Kazi Sohag (0000-0002-0976-2357, Ural Federal University), Musaad Mansoor Halwan (Hunan University), Azka Amin (0000-0002-6404-9132, Iqra University) |
| Year | 2022 |
| Volume | 35 |
| Issue | 1 |
| Pages | 5536-5555 |
| Publication date | 2022-12-31 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2022.2030244 |
| OpenAlex | W4221089033 |
| Language | EN |
| References cited | 48 |
We explore whether public or private capital augments or obstruct Foreign Direct Investment (FDI) inflows by decomposing Domestic Capital Formation (DCF) into private and public capital formation. To this end, we apply Cross-Sectional Autoregressive Distributed Lags (CS-ARDL) approach to analyze panel time-series data. Our empirical results show that public capital crowds in FDI inflows while private capital crowds out FDI inflows. However, institutional quality significantly attracts FDI inflows for less developing economies. We argue that private and public capital possess different attributes; thus, clubbing them together might result in aggregation bias. We observe a strong connection of good institutional quality with private and public capital to augment foreign capital inflows for developing countries in the long run. Besides, our empirical results suggest that returns are high with quality institutions, especially for developing regions. Our result estimations provide several policy implications
Capital Consumption Allowance · Capital deepening · Capital formation · Crowding out · Crowds · Developing country · Econometrics · Economic growth · Economics · Financial capital · Fiscal policy · Foreign direct investment · Human capital · International economics · Macroeconomics · Monetary economics · Panel data · Private capital · Public capital · Public investment · Economic Growth and Development · Fiscal Policy and Economic Growth · International Business and FDI
Structure and change in economic history
A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test
The institutional environment for multinational investment
Do urbanization and industrialization affect energy intensity in developing countries?
Testing for a unit root in panels with dynamic factors
Large panels with common factors and spatial correlation
A Panic Attack on Unit Roots and Cointegration
The Quality of Institutions and Foreign Direct Investment
Testing for Granger non-causality in heterogeneous panels
Unit root tests in panel data
Testing for unit roots in heterogeneous panels
A simple panel unit root test in the presence of cross‐section dependence
Institutions, Institutional Change and Economic Performance
Corruption and Growth
The impact of institutional quality on foreign direct investment inflows
Global Foreign Direct Investment Flows
Human Capital and FDI Inflows to Developing Countries
Host country reforms and FDI inflows
Democratic Governance and Multinational Corporations
A Neoclassical Perspective on Budget Deficits
| Citation velocity | historical |
|---|---|
| Highly cited | No |