Download or read book Foreign Direct Investment and Regional Inequality A Panel Data Analysis written by Christian Lessmann and published by . This book was released on 2012 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Direct Investment and Regional Inequality in China written by Kailei Wei and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign direct investment (FDI) is blamed for being one of the main factors widening regional inequality in Chinese regions since it is highly unevenly distributed spatially. If this logic were true, then controlling the scale of FDI could be a solution to reduce regional inequality. However, it is difficult to reconcile the positive effect of FDI on economic growth with its potential “negative” effect on regional inequality. Using the largest panel dataset covering all the Chinese regions over the entire period 1979-2003 and employing an augmented Cobb-Douglas production function, this paper proves that FDI has been an important factor responsible for regional growth differences in China. However, it suggests that FDI cannot be blamed for rising regional inequality. It is the uneven distribution of FDI instead of FDI itself that has caused regional growth differences. The research results have important policy implications on regional development in China relating to FDI.
Download or read book The Impact of Foreign Direct Investment on Regional Economic Growth and Income Convergence written by Di Zhu and published by . This book was released on 2021 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Direct Investment and Regional Development written by Norman J. Glickman and published by . This book was released on 1985 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Direct Investment and Wage Inequality Across and Within Nations written by Weiyan Chen and published by . This book was released on 2002 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign direct investment (FDI), the movement of long-term capital, has been increasingly important in the world economy since the early 1970s. Its growth rate outpaces that of trade in goods and gross national product (GNP) during the same period. Prior literature mostly focuses on either the causes (determinants) of FDI or its relationships with trade and economic growth. This dissertation investigates the consequences of FDI, especially its empirical effects on wages in developing and developed countries. Moreover, the differential effects of FDI on various types of labor within developing countries are estimated. Using an extension of a specific-factors model, a revenue (GNP) function framework with FDI is derived. From a translog specification of GNP function, the share of labor compensation in GNP is derived as a function of output prices, factor endowments and FDI. Data from the United Nations and the World Bank, for 1975-1995, are used to estimate the labor share equations. Panel estimation procedures, complemented by specification tests and error structure analyses, are used since the data set includes 11 developing and 15 developed countries. Results suggest that inward FDI increases developing countries' wage rate, while outward FDI lowers the wage rate of developed countries. Thus, factor price equalization between developed and developing countries is observed as a result of FDI flows. Moreover, inward FDI raises skilled (non-agricultural) labor's wage, while lowering that of the unskilled (agricultural) labor. Thus, FDI is likely a source of income inequality within developing countries, although the overall wage rate increased due to FDI inflows. The effects of FDI on wage inequality within China are estimated to provide a case study. Results are similar to that of the cross-country case. Overall wage rate in China has increased with more FDI inflows, but the coastal provinces have benefited more than the interior provinces.
Download or read book Foreign Direct Investment and Sustainable Local Economic Development written by Jeong Il Park and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign Direct Investment (FDI) in the United States, which predominately occurs in the manufacturing sector, remains critically important for a strong regional and local economy, due to the resulting increase in employment, wages, and tax revenue. Traditionally, local economic development strategies have focused on attracting external manufacturing plants or facilities as the primary route to economic growth, through the expansion of the tax base and/or an increase in employment. In comparison, Sustainable Local Economic Development (SLED) emphasizes the establishment of a minimum standard of living for all and an increase in this standard over time; a reduction in the steady growth in inequality among people; a reduction in spatial inequality; and the promotion and encouragement of sustainable resource use and production (Blakely & Leigh, 2010). These essential SLED principles motivate this study, which will seek to develop a better understanding of whether and how FDI contributes to SLED in terms of its spatial patterns and its impact on middle class earnings. By selecting Georgia as a case study area, this research specifically examines whether and how the location of manufacturing FDI has reduced (or increased) spatial inequality at the intra-state and intra-metropolitan levels. It also identifies whether and how manufacturing FDI has reduced (or increased) inequality among people, focusing on its impact on middle class earnings. This study finds a strong spatial concentration of manufacturing FDI employment in metropolitan areas, particularly in a large metropolitan area, at the intra-state spatial pattern analysis. The results of panel regression analysis suggest that presence of agglomeration economies in metropolitan areas has positively influenced the location of manufacturing FDI jobs. The study also finds a suburbanization pattern of manufacturing FDI employment in the intra-metropolitan spatial pattern analysis. This intra-metropolitan suburbanization of FDI in manufacturing jobs is associated with loss of urban industrial land in the central areas within a large metropolitan area. These uneven distribution patterns of manufacturing FDI jobs indicate increased spatial inequality at both intra-state and intra-metropolitan levels, but the implications of this finding are mixed. Using individual earnings data from the American Community Survey Public Use Microdata Sample files, this study also conducts a quantile regression to estimate the earnings distribution effects that a concentration of manufacturing FDI may have on different earnings groups. The findings both from place-of-work and place-of-residence earnings analysis suggest that manufacturing FDI generally has reduced inequality among people. The concentration of manufacturing FDI in a certain area show the largest distribution effects on area workers in the lower earnings group and residents in the middle earnings group.
Download or read book Inward Foreign Direct Investment Superstar Firms and Wage Inequality Between Firms written by Juan David Durán and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theoretical models and international evidence have established that foreign direct investment is associated with new technologies, productivity gains, higher wages, and wage inequality in the host countries. While most existing studies on foreign direct investment and wage inequality have examined relative wages across skills, occupations and sectors, recent contributions to the theoretical and empirical literature highlight the role of wage dispersion between firms as an important driver of overall income inequality. Against this background, this paper examines wage dispersion between firms across European regions and the role played by multinational firms with dominant market shares, the so-called "superstar firms". Firstly, we document the evolution of wage dispersion between firms and the regional presence of foreign affiliates across European regions. Second, we empirically investigate the role of inward foreign direct investment as a driver of wage dispersion between firms across European regions. The analysis uses firm-level data from the ORBIS Europe data set over 2012-2021 combined with a range of data for European regions. Using a shift-share instrumental variables approach, we find that foreign direct investment, particularly international superstar firms, contributed to increased wage inequality between firms across European regions.
Download or read book Foreign Direct Investment and the Chinese Economy written by Chunlai Chen and published by Edward Elgar Publishing. This book was released on 2017-10-27 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign Direct Investment and the Chinese Economy provides a comprehensive overview of the impact of foreign direct investment, with extensive empirical evidence, on the Chinese economy over the last three and a half decades.
Download or read book China written by Yanqing Jiang and published by Chandos Publishing. This book was released on 2014-09-30 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade and foreign direct investment (FDI) play a crucial role in shaping China’s development strategies. The development of China’s economy creates strong pressures for continuous restructuring. China therefore explores how trade and FDI affect China’s development strategies regarding the process and pattern of restructuring. The book aims to provide the reader with findings that shed new light on the related issues and problems. The first chapter introduces the topics, and subsequent chapters enter into theoretical discussion and empirical analysis of trade, FDI, and development strategies, followed by a concluding final chapter. Based on a rigorous theoretical framework Applies various statistical and econometric methods Uses rich and comprehensive data
Download or read book The Effects of Foreign Direct Investment in the Industrial Sector on Regional Inequality written by Behzad Azarhoushang and published by . This book was released on 2018-06-22 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regional Inequality in China written by Shenggen Fan and published by Routledge. This book was released on 2009-04 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: As regional inequality looms large in the policy debate in China, this volume brings together a selection of papers from authors whose work has had real impact on policy, so that researchers and policy makers can have access to them in one place.
Download or read book Causes and Consequences of Income Inequality written by Ms.Era Dabla-Norris and published by International Monetary Fund. This book was released on 2015-06-15 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.
Download or read book How Does Political Instability Affect Economic Growth written by Mr.Ari Aisen and published by International Monetary Fund. This book was released on 2011-01-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per capita. Regarding the channels of transmission, we find that political instability adversely affects growth by lowering the rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom and ethnic homogeneity are beneficial to growth, while democracy may have a small negative effect.
Download or read book Developing China The Remarkable Impact of Foreign Direct Investment written by Michael J. Enright and published by Taylor & Francis. This book was released on 2016-09-12 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: The importance of foreign investment to China goes well beyond the USD 1.6 trillion in investment received since its opening. The unique analysis in this book shows that the investments, operations, and supply chains of foreign enterprises have accounted for roughly one-third of China’s GDP in recent years, and that foreign enterprises have made numerous additional contributions to China through technological, managerial, business practice, supply chain, and other spillovers. This book shows how China’s leaders managed this process and provides lessons for policy makers interested in building their own economies and tools for companies to demonstrate their contribution to host countries.
Download or read book Poverty Reduction Policies and Practices in Developing Asia written by Almas Heshmati and published by Springer. This book was released on 2015-03-31 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the major policy challenges facing developing Asia and how the region sustains rapid economic growth to reduce multidimensional poverty through socially inclusive and environmentally sustainable measures. Asia is facing many challenges arising from population growth, rapid urbanization, provision of services, climate change and the need to redress declining growth after the global financial crisis. This book examines poverty and related issues and aims to advance the development of new tools and measurement of multidimensional poverty and poverty reduction policy analysis. The book covers a wide range of issues, including determinants and causes of poverty and its changes; consequences and impacts of poverty on human capital formation, growth and consumption; assessment of poverty strategies and policies; the role of government, NGOs and other institutions in poverty reduction; rural-urban migration and poverty; vulnerability to poverty; breakdown of poverty into chronic and transitory components; and a comparative study on poverty issues in Asia and other regions. The book will appeal to all those interested in economic development, resources, policies and economic welfare and growth.
Download or read book China and the World Economy written by D. Greenaway and published by Springer. This book was released on 2010-09-10 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rising importance of China and its impact on the world economy has attracted massive interest worldwide. This book examines a wide range of issues related to China and its relationship with the world economy, focusing on its successful development experiences and how its rise may affect the rest of the world in the coming decades.
Download or read book Foreign Direct Investment and Women Empowerment New Evidence on Developing Countries written by Rasmané Ouedraogo and published by International Monetary Fund. This book was released on 2018-01-25 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the effects of foreign direct investment (FDI) on gender development and gender inequality. In fact, FDI through increased labor demand, technological spillovers but mostly through corporate social responsibility and economic growth, can potentially influence women’s welfare. Using a panel dataset of 94 developing countries from 1990 to 2015, we find that FDI inflows improve women’s welfare and decrease gender inequality. However, the impact is lower in countries where women have low access to resources and face a heavier burden to open a business. This suggests that for countries to fully benefit from FDI inflows, they should ensure that women can enjoy free access to the labor market and associated income.
