Suchergebnisse

U ovom radu analiziraju se čimbenici koji određuju izravna strana ulaganja, posebice uloga prirodnih resursa, te gospodarskih i političkih karakteristika zemlje domaćina. Istraživanje se proširuje na postojeću literaturu usredotočujući se na četiri široke skupine zemalja: napredne, tržišta u nastajanju, zemlje u razvoju i tranzicijska gospodarstva, a panel podataka za razdoblje od 1996. do 2016. godine uključuje više od 100 zemalja. U radu se također istražuje scenarij tijekom velikih ekonomskih kriza – azijske krize, Dotcom Bubble, globalne financijske krize i krize državnog duga. Rezultati pokazuju da se s vremenom odrednice ulaznih izravnih stranih ulaganja mijenjaju i da obrasci nisu ujednačeni u četiri skupine zemalja. Nadalje, u radu se uspoređuju odrednice dviju glavnih skupine zemalja, a to su: tržište u nastajanju i zemlje u razvoju provođenjem Chow testa uz jednake koeficijente. Vidljivo je da gospodarski rast i veličina tržišta imaju snažniji pozitivni utjecaj na priljev izravnih stranih ulaganja na tržišta u nastajanju nego na gospodarstva u razvoju. Također, gospodarstva s tržištima u nastajanju su tijekom globalne financijske krize doživjela manji priljev izravnih stranih ulaganja u usporedbi s gospodarstvima u razvoju. Ovi rezultati imaju važne implikacije za donositelje politika jer mogu pomoći u prepoznavanju regionalnih čimbenika koji privlače priljev kapitala. ; This paper analyses the factors determining inward foreign direct investment, particularly the role of natural endowments and economic and political characteristics of the host country. It expands on the existing literature by focusing on four broad groups of countries: advanced , emerging-market, developing and transition economies, comprising of more than 100 countries in a panel data setting for the period 1996 – 2016. The paper also examines the scenario during the major economic crises ‒ Asian crisis, Dotcom Bubble, Global Financial crisis and Sovereign Debt crisis. The results indicate that the determinants of inward foreign direct investment have changed over time and that the patterns are not uniform across the four country groups. Furthermore, the paper compares the determinants of two major country groups, namely ‒ emerging-market and developing countries by conducting Chow test for equality of coefficients. It is seen that the economic growth and market size has a stronger positive influence on inward FDI flow to emerging-market than to developing economies. Also, emerging-market economies experienced a smaller flow of FDI during Global Financial crisis compared to developing economies. These results have important implications for the policy makers as they can help to identify the regional factors that attract capital inflows.

Using descriptive statistical analysis, this study examines trade and investment opportunities between India and 41 African and Asian economies (mostly LDCs) by focusing on the latter's export opportunities in the Indian market and on India's investment opportunities in the selected countries. It also discusses barriers to realizing the identified trade and investment opportunities between India and the selected economies, based on a review of the existing literature. Amongst the sample countries, the top sources of merchandise imports for India over time include Nigeria and Angola from Africa, and Myanmar, Bangladesh and Nepal from Asia. India's main imports from Africa include petroleum oils, precious stones and metals, mineral ores, coal, natural gas, and agricultural products. India's imports from Asia have also been concentrated in few traditional product lines such as jute, fish, gold, petroleum oil, copper ores, ferro-silico, beans, nuts, and non-alcoholic beverages. Thus, the export baskets of the sample countries studied in this report are still not diversified enough to meet the rising demand for consumer and capital goods in India, which points to the immense untapped potential for enhancing these countries' trade and investment relationship with India.