ORCID Profile
0000-0001-9993-162X
Current Organisations
Centre for Applied Economics and Business Research
,
James Cook University
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Publisher: Informa UK Limited
Date: 03-07-2021
Publisher: Elsevier BV
Date: 12-2020
Publisher: Emerald
Date: 07-05-2019
DOI: 10.1108/JFEP-05-2018-0075
Abstract: The purpose of this paper is to empirically investigate the impact of corruption on foreign direct investment (FDI) and its two major modes of entry: greenfield investment (greenfield) and cross-border mergers and acquisitions (M& As). Data are collected from 131 countries. Modern econometric techniques, including the generalized method of moments (GMM) estimator, two-stage least square estimator and two-step system GMM estimator, are used to evaluate the impact of corruption on FDI activities. The empirical results illustrate that corruption is a deterioration factor that significantly hinders FDI inflows. However, this finding turns out to be contradictory when the two major components of FDI – greenfield investment and cross-border M& As – are separately examined. Specifically, while corruption consistently discourages cross-border M& As over time, it appears to exert positive effect on greenfield investments. This is among the first to empirically examine the impact of corruption on FDI and its modes of entry in a number of countries spanning different time windows. In this sense, this paper also captures the changing nature of societies and economic conditions overtime and, therefore, enable academic researchers, policy-makers and business practitioners to draw broad inferences from the empirical results.
Publisher: Informa UK Limited
Date: 04-06-2021
Publisher: Wiley
Date: 25-10-2023
DOI: 10.1111/KYKL.12361
Publisher: Emerald
Date: 19-05-2023
Publisher: Emerald
Date: 24-01-2023
Abstract: The paper examines the impact of foreign direct investment (FDI), either greenfield investment or cross-border mergers and acquisitions (M& As), on domestic entrepreneurship. This paper uses a panel dataset of 104 countries over ten years from 2006 to 2015 and multiple econometric techniques to control for potential endogeneity bias. FDI, both in the form of greenfield investment and cross-border M& As, exerts positive spillover that encourages domestic entrepreneurial activities. While the benefit of greenfield investment in entrepreneurship is more pronounced in countries with higher levels of market capacity and institutional support, that of cross-border M& As is not influenced by these factors. On the other hand, human capital is important in promoting the positive effects of both types of FDI, and unless the level of human capital in the host economies reaches a certain threshold, greenfield investment can adversely affect domestic entrepreneurship. Policies toward FDI need to focus on promoting the driving forces behind FDI spillover to counteract the potential negative crowding-out effect of FDI. The paper contributes to the existing literature investigating the impact of FDI on domestic entrepreneurship by distinguishing between the two FDI modes of entry and taking into account the moderating effects of sociopolitical characteristics of the host economies.
Publisher: Informa UK Limited
Date: 24-02-2022
Publisher: Emerald
Date: 08-04-2019
DOI: 10.1108/IJSE-05-2018-0252
Abstract: The purpose of this paper is to empirically investigate the impact of infrastructure on economic development in developing economies. A panel data analysis approach is utilised to evaluate the influence of various types of infrastructure on economic development in Vietnam over the period 2003–2013. Specifically, this study uses spatial night-light data taken from NASA’s satellite as an alternative proxy for economic development. The analyses indicate that infrastructure enhancement consistently exerts a positive effect on the economy. Upon further investigations of the channels through which infrastructure could affect economic development, the empirical results reveal, in addition, that the developmental impact of infrastructure tends to be stronger if more rigorous government supervision and oversight of the construction and delivery of infrastructure projects are in place to ensure the efficiency and effectiveness of the private sector’s investment in infrastructure facilities. Finally, the interaction of infrastructure with human capital appears to exert an especially important influence upon economic development. This study contributes to the debate over whether infrastructure has a real developmental effect in developing countries. Some important policy implications are then drawn from the empirical analysis. As a result, this paper will be of value to other researchers, economists, business leaders and policy-makers attempting to understand the economic benefit of infrastructure development.
Location: Viet Nam
Location: Viet Nam
No related grants have been discovered for Ngoc Nguyen.