Suchergebnisse

The objective of this work is to investigate some effects of FDl on the Portuguese economy. As Portugal has been a relevant host country to foreign investment, particularly since its adhesion to the European Community (1986), we consider that the analysis of FDI impact at this point in time may bring some empirical light to the controversy between the pros and the cons of multinational proliferation. Given the eminently empirical character of this problem, the diversity of activities covered by the investment projects and the dimension of an all-industries study, we decided to focus on one sector only. The automotive sector, which absorbed an average of 50% of total FDI in the manufacturing industry between 1986 and 1992, seemed like a natural choice for examination. This paper is divided into three chapters: in the first, a brief introductory reference is made to the determinants of FDI in Portugal, with particular stress on government incentives; in the second we examine, empirically, some effects of FDI on the automotive sector; in the third chapter we analyze in some detail the two major FDI projects that took place in Portugal during the last 15 years, Renault and Auto Europa, from the standpoint of their effects on the Portuguese economy. The work ends with some conclusions and policy matters. ; info:eu-repo/semantics/publishedVersion

This study sought to examine the effect of foreign private investment on the development of small and medium scale enterprises (SME's) in Nigeria. The study adopted a longitudinal research design which made the use of secondary data imperative. The study employed data on the foreign private investments and development of SMEs in Nigeria covering 1991-2018. The variables used are Net Foreign direct investment, Net Foreign Portfolio investment, percentage of foreign direct investment in Gross Domestic Product (GDP), and development of SMEs in Nigeria. The technique adopted in this study is multiple regressions to test the hypotheses. E-view econometric software 3:1 was used for the analysis. The result revealed that the value of Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) have a negative relationship with the development of SME's and Foreign Direct Investment (FDI) in the percentage of gross domestic product and exchange rate have a negative and significant impact on the development of SME's in Nigeria. It was recommended among others that government should increase its funding of small and medium scale enterprises, SME's should be encouraged to go on public offer to expand the scope of funds, the exchange rate must be strengthened to encourage SME's to attract funds and the needs to stabilized the economy to discourage divestment.

The Philippine Government's efforts to attract foreign direct investments have been ineffectual, especially when compared with the efforts of its Southeast Asian neighbors. Foreign investment incentive legislation has been relatively ineffectual in attracting the investment the Philippines sought due to the ambiguous and arbitrary execution of its investment laws and policies. The Philippine Judiciary's unsettled attitude toward foreign investment further enhanced the overall impression that the Philippines was not a safe or stable investment host country. The Philippines' most recent legislative attempt to lure foreign investment is the Foreign Investments Act of 1991. The Foreign Investments Act goes much further than its predecessors in liberalizing access to the Philippine economy by promoting more transparent and efficient investment laws and regulations. However, the Foreign Investments Act is potentially marginalized by the Local Governments Code, which diffuses much of the central government's powers to lure and to control foreign investment to local government units, most of whom have diverse development and investment priorities. Thus, the Foreign Investments Act alone is not likely to attract and keep the desired investment. To lure foreign investment, the Philippines should provide some form of efficient investor services that will account for the central and local governments' priorities, differences and needs. This would promote productive and equitable foreign investment by building on the strengths of the Foreign Investments Act while preserving the integrity of local decisions mandated by the Local Governments Code.

PurposeQuite a substantial number of academic papers have examined the performance of both direct and indirect real estate relative to other investment assets. While these studies are valuable in the field of real estate investment performance measurements, a gap still exist in the literature on the comparative performance of investment assets in the various sectors of the stock markets of most emerging economies. This paper aims to fill the gap by providing analysis of the historical performance of real estate and other securities in the Nigerian capital market.Design/methodology/approachAnnual open and closing market prices of shares and dividend of sampled listed companies in addition to data on all share index (ASI), consumer price index (CPI) and yield on 90‐days T‐Bill were obtained for the period 1999‐2005. These were then analysed using descriptive, risk‐adjusted measures and regression models.FindingsThe empirical evidence suggests that while real estate outperformed the market on a nominal basis, it underperformed the market stock on a risk‐adjusted basis over the time period of analysis. Unexpectedly, real estate security did not provide a good protection against inflation and is also uncorrelated with the stock market.Originality/valueThis paper provides empirical evidence of the investment characteristic of indirect real estate investment in Nigeria. The results suggest that real estate security does not after all provide a good substitute to direct real estate investment.

Common to many social movement studies is the argument that ideological heterogeneity causes organizational dilemmas. Yet, few scholars consider, let alone test, the impact of ideological heterogeneity on direct democracy campaigns (DDCs). Drawing from the extant social movements literature, I argue that DDCs function like short-term social movements. Based on in-depth interviews of initiative activists, and in some cases participant-observation opportunities, I conclude that ideological heterogeneity is also a contributing cause of DDC failure. Ideological heterogeneity within DDCs either results in factionalism that wastes time and resources, or the development of homogeneous groups that pursue policies unacceptable to the median voter. I also conclude that ideological heterogeneity is more destructive to DDCs than social movements. Whereas social movements can adapt over time, DDCs must achieve a singular electoral victory, within a specific electoral cycle, in order to succeed. Therefore, time constraints make factionalism more problematic for DDCs.

This book attempts to capture the tremendous growth in Chinese investment in the South Asian region in the recent past. It makes country-wise analysis of the factors that led to the growth of Chinese investment in the region and explores the nature and role of such investment in expanding trade in the region. It also discusses in detail the Chinese infrastructure investment through Belt and Road Initiative (BRI). Interestingly, despite being the major investor in several countries, Chinese investment has been seen with some level of doubt. Apprehension about Chinese investment has forced countries to suspend China-funded projects or amend their investment policies. This book tries to address these crucial issues while exploring and analyzing the causes and effects of the same. Dr Rahul Nath Choudhury is a trade economist based in Delhi. His primary research interests include foreign direct investments, multilateralism, international political economy, geo-economics, and digital trade. He has a decade long experience of working in both public and private sectors in academia as well as the trade industry in various capacities. Earlier he has been associated with the Indian Council of World Affairs, National University of Singapore, and the Indian Institute of Foreign Trade, among others.