Suchergebnisse

In view of the changing FDI landscape, in particular, a drastic increase in out-ward FDI from developing and transition economies in recent years, this paper attempts to explore the possible impacts of outward FDI other than domestic savings and inward foreign direct investment on domestic investment. The major contribution of this study is that it is the first effort to empirically analyse the short- and long-run effects of the outward FDI using panel data of ASEAN–8 countries, which could provide useful policy implications for governments at both regional and international levels to achieve inclusive growth and sustainable development. Using pool mean group analysis, this paper finds that the gross domestic saving, inward FDI and outward FDI have a positive long-run impact on the gross domestic investment even though their long-run estimates are inelastic. The empirical study reveals that both inward FDI and outward FDI, to some extent, are complementary to the gross domestic investment.

Purpose The purpose of this paper is to understand the impending relationship between the impact of the US–China trade war on Taiwanese firms' spending on R&D and their offshore investment in technologically advanced countries (TAC), the authors examined if changes in these firms' R&D ratios and the growing presence of skilled workers in Taiwan's labour market during the trade war have affected their offshore investments in TAC.Design/methodology/approach Using a model built on pooled cross-sectional time-series data from 2012–2019, the authors examined whether a change in R&D ratios of domestic firms in Taiwan and the growing presence of skilled workers in Taiwan's labour market have affected the offshore investment by these firms during the trade war. Using data from the Manpower Utilisation Survey, the authors applied differences–in–differences–in–differences and differences–in–differences–in–differences–in–differences estimation methods and found that the trade war indeed gave a boost to Taiwan's job market, particularly for skilled workers.Findings From the estimation results, the authors noticed a rise in employment opportunities alongside a decline in the earnings of skilled workers in industries where more firms have spent on R&D as well as invested in offshore operations. However, firms in Taiwan that had not heavily spent on R&D from industries where investment in foreign operations was otherwise high have also attracted skilled workers during the trade war.Practical implicationsAn in-depth analysis of the impact of the trade war on domestic firms' spending on R&D and their investment in offshore operations in TAC should be helpful to policymakers interested in understanding the effects of the trade war and subsequent changes in firms' spending on R&D on labour market outcomes. If changes in the R&D ratios and a steady supply of skilled workers influenced the outflow of Foreign Direct Investment (FDI) to TAC, this insight could be helpful for those devising policies and measures to curb the impact of the trade war on domestic spending on R&D.Originality/value The study findings not only provide broad lessons to policymakers in Taiwan, but the country case study can guide growing economies that are equally careful while perceiving trade war as a significant deterrent to domestic R&D spending and the outflow of FDI.

In the process of creating the growth of countries competitiveness, a special role is appointed to foreign direct investment as an important element of the globalization of the economies. This book provides a comprehensive understanding of the relationship between foreign direct investment and economic growth with special attention to the countries of Central and Eastern Europe. The empirical and theoretical studies in the book present a positive impact of foreign direct investment on long term economic growth in developed and developing countries. The book documents the extent of foreign direct investment in some selected countries, and some reasons for the barriers that remain. Thus, it shows the positive growth effects of foreign direct investment, yet also remains that they are not guaranteed automatically. The book is a valuable source of information on foreign direct investment, especially in Central and Eastern Europe and business decision-making process in general.

The rising wave of foreign direct investments in the United States arose primarily from the desire and need of European and Japanese firms to match the global perspective and operations of American multinationals. Increasingly, however, foreign direct investments—especially many recent Japanese ones—are the result of U.S. trade protection or the threat thereof. By providing domestic jobs, foreign direct investments tend to reduce or defuse the threat of protectionism. Specific industry data in the U.S. color television, automobile, and steel industries clearly indicate that a major force stimulating foreign direct investments, especially Japanese ones, in the United States during the 1970s and 1980s was the escalation of U.S. protectionism in these industries. Other major industries, such as food and chemicals, which are much less affected by U.S. protectionism, have received foreign direct investments primarily as the result of the globalization process that has been taking place throughout the world.