Asia-Pacific Journal of Regional Science最新文献

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Nonparametric estimation of the gravity model of migration: application of partitioning Poisson estimates to Japanese inter-municipal migration by age–sex group 移民引力模型的非参数估计:按年龄-性别组划分的泊松估计值在日本城市间移民中的应用
IF 1.9
Asia-Pacific Journal of Regional Science Pub Date : 2024-08-02 DOI: 10.1007/s41685-024-00348-4
Toshihide Mizuno, Hiroko Kurumai
{"title":"Nonparametric estimation of the gravity model of migration: application of partitioning Poisson estimates to Japanese inter-municipal migration by age–sex group","authors":"Toshihide Mizuno,&nbsp;Hiroko Kurumai","doi":"10.1007/s41685-024-00348-4","DOIUrl":"10.1007/s41685-024-00348-4","url":null,"abstract":"<div><p>In the analysis of migration flows, the gravity model is used as a standard framework. However, the analysis of interregional migration within a country by age and gender group using the gravity model is relatively new. This study nonparametrically estimated the relations between the number of inter-municipal migrations and origin–destination distance by age–sex groups in Japan. We assumed the number of inter-municipal migrations is proportional to the origin and destination populations. Poisson local constant estimates were used. The resulting estimator was the weighted average of the migration preference index, i.e., the ratio of the number of interregional moves to the product of the origin and destination populations, so that the interpretation of estimation results was easy and estimation computationally light. Partitioning estimate was used to reduce downward bias caused by a negative relation between the number of inter-municipal migrations and the origin–destination distance. The relation between the number of inter-municipal migrations and the origin–destination distance was fairly smooth, and the elasticity of the number of inter-municipal migrations with respect to distance somewhat larger in absolute value in shorter distances. In addition, age group 90-, especially men, were found to move frequently when compared to age groups 15–19 and 20–24 years.</p></div>","PeriodicalId":36164,"journal":{"name":"Asia-Pacific Journal of Regional Science","volume":"8 3","pages":"819 - 832"},"PeriodicalIF":1.9,"publicationDate":"2024-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142409376","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Does inequality in urban population distribution lead to income inequality? Evidence from India 城市人口分布不平等会导致收入不平等吗?印度的证据
IF 1.9
Asia-Pacific Journal of Regional Science Pub Date : 2024-07-24 DOI: 10.1007/s41685-024-00345-7
Sabyasachi Tripathi, Komali Yenneti
{"title":"Does inequality in urban population distribution lead to income inequality? Evidence from India","authors":"Sabyasachi Tripathi,&nbsp;Komali Yenneti","doi":"10.1007/s41685-024-00345-7","DOIUrl":"10.1007/s41685-024-00345-7","url":null,"abstract":"<div><p>In developing countries, cities play a significant role in stimulating economic growth, employment opportunities and transformative change. At the same time, uneven urbanisation—driven by poverty and different levels of socioeconomic development—often contribute to wider income disparities. Issues of inequality in India have received significant attention from academia, policies and practice. Yet, there is a dearth of comprehensive understanding on the relations between inequality in urban population distribution and income inequality in India. The main objective of this study was to analyse the impact of inequality in population concentration from different classes of cities/towns on urban income inequality and the total state-level (urban + rural) income inequality in India between 1991 and 2011. This study used unit-level data on ‘Consumer Expenditures’ from the National Sample Survey and the most recently updated 35 states. The findings indicate that the inequality in urban population concentration between different classes of cities and towns exerts a significant influence on urban income inequality and total state-level income inequality in India. Additionally, the inequality in concentration of urban population in large cities increases state-level inequality, whereas in small towns, it decreases. State-level control variables such as infant mortality, literacy rate, and per-capita net state domestic product exhibit a positive and statistically significant effect on both urban and total inequality in India. The results of this research suggest that the attainment of inclusive and progressive spatial development in India necessitates the pursuit of a more equitable process of urbanisation, characterised by a gradual socio-spatial transformation in smaller towns. This serves as a guide for other developing nations seeking to achieve sustainable and equitable urbanisation.</p></div>","PeriodicalId":36164,"journal":{"name":"Asia-Pacific Journal of Regional Science","volume":"8 3","pages":"787 - 818"},"PeriodicalIF":1.9,"publicationDate":"2024-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141808008","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Forecasting of Indian and foreign tourist arrivals to Himachal Pradesh using Decomposition, Box–Jenkins, and Holt–Winters exponential smoothing methods 使用分解法、Box-Jenkins 法和 Holt-Winters 指数平滑法预测喜马偕尔邦的印度游客和外国游客抵达人数
IF 1.9
Asia-Pacific Journal of Regional Science Pub Date : 2024-07-23 DOI: 10.1007/s41685-024-00344-8
Keerti Manisha, Inderpal Singh
{"title":"Forecasting of Indian and foreign tourist arrivals to Himachal Pradesh using Decomposition, Box–Jenkins, and Holt–Winters exponential smoothing methods","authors":"Keerti Manisha,&nbsp;Inderpal Singh","doi":"10.1007/s41685-024-00344-8","DOIUrl":"10.1007/s41685-024-00344-8","url":null,"abstract":"<div><p>Himachal Pradesh offers many tourist experiences to Indian and foreign visitors. The mountainous state experiences a high degree of tourism seasonality, interrupting the efficient operation of the tourism infrastructure. Fundamental requirements for tourism planning are accurate projections of tourist demands. However, estimating future demands becomes challenging because of the high degree of seasonality. The compound and annual growth rate methods are used in state-level tourism research to forecast future growth. Since these models cannot manage seasonality and trends in data series, they inaccurately predict future demand. In this context, forecasting models such as the Decomposition, Box–Jenkins, and Holt–Winters exponential smoothing methods were used to forecast the seasonal tourism demands in the study area. The dataset utilized for the analysis was the monthly Indian and foreign tourist arrivals from 2008 to 2018. Root Mean Square Error (RMSE), Mean Absolute Percentage Error (MAPE), and Theil’s U1 coefficients validated that the forecast models produced accurate results. The Box–Jenkins model accurately forecasted the tourist arrivals (2019 to 2031) as reflected by the lowest error metrics (Indian: RMSE 36833.8, MAPE 3.0, Theil's U1 0.023; Foreign: RMSE 6907.59, MAPE 15.51, Theil's U1 0.10). This approach outperformed the traditional seasonal data series forecasting techniques and contributed to the literature on univariate tourist demand forecasting for hilly areas experiencing a high degree of seasonality. Estimating maximum tourist arrivals is crucial in long-term strategic planning for tourism expansion to withstand maximum loads and ensure efficient business flow, higher investment, enhanced economic growth, and environmental protection in the state. This study is a pioneer in examining tourism demands for stakeholders, tourism operators, and planners to plan the fluctuating tourism in Himachal Pradesh while adhering to sustainability principles. Furthermore, it provides inputs for effective planning and policy formulations specific to the tourism industry based on future demand assessments.</p></div>","PeriodicalId":36164,"journal":{"name":"Asia-Pacific Journal of Regional Science","volume":"8 3","pages":"879 - 909"},"PeriodicalIF":1.9,"publicationDate":"2024-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141810776","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Does the adoption of homestead gardening increase dietary diversity in climate-vulnerable coastal areas? Evidence from Bangladesh 在易受气候影响的沿海地区,采用家庭园艺是否会增加饮食多样性?孟加拉国的证据
IF 1.9
Asia-Pacific Journal of Regional Science Pub Date : 2024-07-13 DOI: 10.1007/s41685-024-00347-5
Md. Sadique Rahman, Farhad Zulfiqar, Hayat Ullah, Sushil Kumar Himanshu, Mofasser Rahman, Avishek Datta
{"title":"Does the adoption of homestead gardening increase dietary diversity in climate-vulnerable coastal areas? Evidence from Bangladesh","authors":"Md. Sadique Rahman,&nbsp;Farhad Zulfiqar,&nbsp;Hayat Ullah,&nbsp;Sushil Kumar Himanshu,&nbsp;Mofasser Rahman,&nbsp;Avishek Datta","doi":"10.1007/s41685-024-00347-5","DOIUrl":"10.1007/s41685-024-00347-5","url":null,"abstract":"<div><p>Coastal areas are not conducive to cultivating a variety of crops due to the occurrence of natural disasters. Therefore, homestead gardening has the potential to increase food production and consumption in coastal households, thereby enhancing climate resilience. Adopting homestead gardening as an adaptation measure for climate change can improve food security in climate-vulnerable areas. This study identified factors associated with the adoption of homestead gardening and their impacts on dietary diversity in coastal areas of Bangladesh. A total of 750 coastal households were surveyed. To analyze the data, descriptive statistics, household dietary diversity score, endogenous switching regression model, and propensity score matching method were applied. According to the results, only 14.26% of coastal households adopted homestead gardening. The likelihood of adoption was increased by factors, such as age, spousal education, own cultivable land size, salinity perception, and mobile phone ownership. Results of the endogenous switching regression model indicated that the adopters of homestead gardens had a 13-point greater mean probability of a higher household dietary diversity score than the non-adopters. Results of the propensity score matching also showed a nearly identical finding. A strong extension service that uses modern information technology is required to disseminate homestead gardening technology in coastal areas. Climate change awareness initiatives are recommended to raise households cognizance on the negative effects of climate change, which in turn helps increase the adoption of homestead gardening as an adaptation measure.</p></div>","PeriodicalId":36164,"journal":{"name":"Asia-Pacific Journal of Regional Science","volume":"8 3","pages":"859 - 878"},"PeriodicalIF":1.9,"publicationDate":"2024-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141651827","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Cross-generational Smong narratives in Aceh’s tsunami resilience 亚齐海啸复原力中的跨代斯芒叙事
IF 1.9
Asia-Pacific Journal of Regional Science Pub Date : 2024-07-10 DOI: 10.1007/s41685-024-00346-6
Alfi Rahman, Muzayin Nazaruddin, Nurul Fajar Januriyadi, Muzailin Affan
{"title":"Cross-generational Smong narratives in Aceh’s tsunami resilience","authors":"Alfi Rahman,&nbsp;Muzayin Nazaruddin,&nbsp;Nurul Fajar Januriyadi,&nbsp;Muzailin Affan","doi":"10.1007/s41685-024-00346-6","DOIUrl":"10.1007/s41685-024-00346-6","url":null,"abstract":"<div><p><i>Smong</i> is an indigenous knowledge of the Simeuluean people related to tsunamis, which proved to be successful in saving lives during the 2004 Indian Ocean Tsunami. This study investigates the cross-generational development of <i>Smong</i> narratives among the Simeuluean people by exploring their resilience to tsunamis. The data collected through in-depth interviews in 2016, 2017, 2022, and 2023 unraveled the intricate dynamics of <i>Smong</i> narratives. This study captures the perspectives of 37 interviews of 18 participants selected based on age, gender, and availability. Older participants who received the <i>Smong</i> story from someone who experienced the 1907 tsunami and the 2004 tsunami played a vital role in preserving <i>Smong</i> narratives, emphasizing the enduring integration of <i>Smong</i> within the cultural repertoire. Younger participants, especially youth/middle-aged individuals, showed innovative reinterpretations, intertwining indigenous knowledge with new modes of understanding. Gender-diverse perspectives revealed the emotional depth embedded in <i>Smong</i>’s narratives. Temporal shifts in <i>Smong</i> narratives emerged, reflecting the uncertain role of <i>Smong</i> in contemporary times. The findings illustrate a complex interplay of generational perspectives, cultural adaptation, gender dynamics, and temporal shifts within the Simeuluean people. Participant narratives provide nuanced insights into lived experiences, contributing to the local context of <i>Smong</i> narratives. This study enhances our understanding of the evolving nature of <i>Smong</i> narratives, emphasizing the importance of preserving the cultural format while developing contemporary applications.</p></div>","PeriodicalId":36164,"journal":{"name":"Asia-Pacific Journal of Regional Science","volume":"8 3","pages":"943 - 970"},"PeriodicalIF":1.9,"publicationDate":"2024-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141659835","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Total factor productivity and institutional quality in Vietnam: which institutions matter most? 越南的全要素生产率和机构质量:哪些机构最重要?
IF 1.9
Asia-Pacific Journal of Regional Science Pub Date : 2024-06-03 DOI: 10.1007/s41685-024-00343-9
Van Ha, John Andre, Anh Tran Kim, Hien Nguyen Thi Thu
{"title":"Total factor productivity and institutional quality in Vietnam: which institutions matter most?","authors":"Van Ha,&nbsp;John Andre,&nbsp;Anh Tran Kim,&nbsp;Hien Nguyen Thi Thu","doi":"10.1007/s41685-024-00343-9","DOIUrl":"10.1007/s41685-024-00343-9","url":null,"abstract":"<div><p>The roles of institutional quality’s impact on firm performance are becoming increasingly prominent in the literature. This is true in the Global North and South. Vietnam has seen less research on this topic than other developing countries, so this paper seeks to rectify this by examining whether or not institutional quality influences firm performance, as measured by total factor productivity (TFP). This paper also digs deeper into the sub-components to see which institutions are the most influential. We applied the General Method of Moments (GMM) approach to a firm-level panel dataset covering the 2010–2020 period to examine institutional quality's impact on firm TFP. Results are explored by firm size and by ownership type (domestic private, foreign and state-owned). Using rich datasets covering institutional quality at the provincial level in Vietnam and also individual firm performance from 2010 to 2020, we found that Time cost (how long it takes firms to deal with the government on various issues) and Labor policy (how easy it is to hire good quality labor) are the most important of the 10 institutions studied. Additionally, while not all institutions influence TFP, institutional quality overall (all 10 institutions combined) clearly has a positive influence on TFP. This study fills a research gap by examining the relationship between institutional quality and firm performance in Vietnam. The findings emphasize the significance of Time cost and Labor policy as influential institutions and highlight the positive overall impact of institutional quality on TFP. The policy recommendations offered provide valuable insights for the government to further enhance firm productivity through targeted measures.</p></div>","PeriodicalId":36164,"journal":{"name":"Asia-Pacific Journal of Regional Science","volume":"8 2","pages":"705 - 736"},"PeriodicalIF":1.9,"publicationDate":"2024-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://link.springer.com/content/pdf/10.1007/s41685-024-00343-9.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141271079","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
External shock, stimulus policy and economic resilience of small and micro businesses: evidence from COVID-19 pandemic in China 外部冲击、刺激政策与小型和微型企业的经济韧性:来自中国 COVID-19 大流行的证据
IF 1.9
Asia-Pacific Journal of Regional Science Pub Date : 2024-06-03 DOI: 10.1007/s41685-024-00339-5
Bo Xu, Jingjing Li, Yujun Wu
{"title":"External shock, stimulus policy and economic resilience of small and micro businesses: evidence from COVID-19 pandemic in China","authors":"Bo Xu,&nbsp;Jingjing Li,&nbsp;Yujun Wu","doi":"10.1007/s41685-024-00339-5","DOIUrl":"10.1007/s41685-024-00339-5","url":null,"abstract":"<div><p>How resilient are Small and Micro Businesses (SMBs) facing the COVID-19 pandemic? We aim to answer this question using sales data from 35,000 brick-and-mortar SMBs in 353 Chinese cities before, during, and after the lockdown period of COVID-19, and examine the economic resilience of SMBs under the impact of governmental stimulus policies. We found that unlike large business entities, SMBs’ post-shock resilience is weak, as sales of SMBs do not recover to pre-shock levels. Resilience of SMBs in towns with unitary or small-scale economic structure is stronger than in larger cities, indicating that stickiness of consumption behaviour significantly influences recovery. In the midterm, resilience of SMBs was stronger where local governments implemented offline consumption stimulus policies and this effect was more salient in larger cities. In the long run, SMBs have not shown resilience, indicating pandemic-driven digital transformation of retailing has lasting effects on offline SMBs. Our empirical findings are helpful for policymakers worldwide 1) to understand economic resilience and recovery paths for SMBs facing external shock, 2) to design targeted stimulus policies to help SMBs survive during crises, and 3) to pay more attention to providing digital transformation infrastructures so SMBs can truly strengthen their sustainability in this new era of digital economy.</p></div>","PeriodicalId":36164,"journal":{"name":"Asia-Pacific Journal of Regional Science","volume":"8 2","pages":"585 - 613"},"PeriodicalIF":1.9,"publicationDate":"2024-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141269495","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Reconsideration of modern monetary theory-type fiscal and monetary stabilization policy from a viewpoint of the dynamic Keynesian model 从动态凯恩斯模型的角度重新审视现代货币理论型财政和货币稳定政策
IF 1.9
Asia-Pacific Journal of Regional Science Pub Date : 2024-06-03 DOI: 10.1007/s41685-024-00341-x
Ken Matsumoto
{"title":"Reconsideration of modern monetary theory-type fiscal and monetary stabilization policy from a viewpoint of the dynamic Keynesian model","authors":"Ken Matsumoto","doi":"10.1007/s41685-024-00341-x","DOIUrl":"10.1007/s41685-024-00341-x","url":null,"abstract":"<div><p>In this paper, we examine macroeconomic stability and instability of a dynamic Keynesian Model with a theoretical foundation of Modern Monetary Theory (MMT), often considered as unconventional within mainstream economics. MMT fundamentally emphasizes proactive fiscal policies and passive monetary policies, always striving to maximize employment. A common critique of MMT is the assertion that governments find it challenging to control output and inflation through a fiscal policy. It is also argued that governments should always demonstrate responsibility for the fiscal balance, and without such responsibility, the “credibility” of government bonds is damaged. Opposingly, this study finds that establishing credibility in inflation targets and consistently pursuing proactive fiscal policies in response to deficient output gaps are effective in managing inflation from escalating uncontrollably, which may help stabilize the economy. Although the fundamental tenets of MMT may not heavily emphasize inflation target, which belong to monetary policies, the importance of fiscal policies is reaffirmed by the conclusions drawn from this paper, likely ensuring that crucial aspects of MMT are not disregarded.</p></div>","PeriodicalId":36164,"journal":{"name":"Asia-Pacific Journal of Regional Science","volume":"8 2","pages":"737 - 754"},"PeriodicalIF":1.9,"publicationDate":"2024-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141269396","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Conditions for approaching shared value creation management in the Japanese rice flour-related business: application of mixed methods research 日本米粉相关企业共享价值创造管理的条件:混合方法研究的应用
IF 1.9
Asia-Pacific Journal of Regional Science Pub Date : 2024-06-03 DOI: 10.1007/s41685-024-00342-w
Lily Kiminami, Shinichi Furuzawa, Akira Kiminami
{"title":"Conditions for approaching shared value creation management in the Japanese rice flour-related business: application of mixed methods research","authors":"Lily Kiminami,&nbsp;Shinichi Furuzawa,&nbsp;Akira Kiminami","doi":"10.1007/s41685-024-00342-w","DOIUrl":"10.1007/s41685-024-00342-w","url":null,"abstract":"<div><p>This is the second paper on creating shared value (CSV) management in Japanese rice flour-related businesses conducted by the same authors. In the first study, the relationships among business philosophies, business strategies and business outcomes of rice flour-related corporates in Japan were clarified using structural equation modeling (SEM) and cognitive mapping of questionnaire survey results. The management philosophy, effective altruism, influences business strategies (potential head market, tail market, organizational learning, and proposals from stakeholders) of rice flour-related corporates, inducing innovation and determining current business performance and future prospects for shared value creation. The business performance reflects their expectations for the rice flour market, and influences the direction of market development. In addition, we showed a need for policy innovations that strengthen effective altruism and create shared value through organizational learning of the stakeholders in rice flour-related businesses. Therefore, the purpose of this study was to clarify conditions for approaching CSV management in domestic rice flour-related businesses by applying mixed methods research (MMR). Specifically, a latent class analysis (LCA) was introduced to classify the management characteristics of rice flour-related businesses with survey results, and a qualitative comparative analysis (QCA) conducted on the CSV management entities extracted from the LCA to clarify the necessary and sufficient conditions for achieving CSV management. The results revealed that there are very few rice flour-related businesses in Japan that have approached CSV management, and sufficient conditions for approaching CSV management in rice flour-related businesses are a combination of effective altruism and various management strategies (long tail/organizational learning/innovation/stakeholder proposals). Therefore, we conclude that to achieve a sustainable regional development of rice flour-related businesses, policy innovations that integrate pull-type and push-type strategies are important.</p></div>","PeriodicalId":36164,"journal":{"name":"Asia-Pacific Journal of Regional Science","volume":"8 2","pages":"755 - 786"},"PeriodicalIF":1.9,"publicationDate":"2024-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://link.springer.com/content/pdf/10.1007/s41685-024-00342-w.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141271280","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Unleashing economic potential: decoding the FDI-economic growth nexus in G-15 economies amidst unique host country traits 释放经济潜力:解密 15 国集团经济体中外国直接投资与经济增长之间的关系以及东道国的独特特征
IF 1.9
Asia-Pacific Journal of Regional Science Pub Date : 2024-05-27 DOI: 10.1007/s41685-024-00340-y
Aastha Bajaj, Lakshmi Bhooshetty
{"title":"Unleashing economic potential: decoding the FDI-economic growth nexus in G-15 economies amidst unique host country traits","authors":"Aastha Bajaj,&nbsp;Lakshmi Bhooshetty","doi":"10.1007/s41685-024-00340-y","DOIUrl":"10.1007/s41685-024-00340-y","url":null,"abstract":"<div><p>This study examined the impacts of Foreign Direct Investment (FDI) on economic growth across top the five G-15 countries over a period of 33 years, while considering the influence of key host country traits, namely macroeconomic stability, financial development, human capital, and trade openness. The selection of these variables was firmly supported by both theoretical foundations and empirical studies that highlight their significant role in shaping the FDI–growth interconnection. Panel data derived from World Bank Indicators, spanning the period from 1989 to 2021, were analyzed using a feasible generalized least squares method (FGLS), a rigorous approach, including descriptive statistics, correlation analysis, cross-sectional dependence tests, unit root tests, and multiple regression models. By exploring the interconnection between FDI and the characteristics of the host country, this study sheds light on how these factors collectively contributed to economic growth in the G-15 economies. Descriptive statistics indicated a favorable trend in economic growth, with an average of 3.470 and a standard deviation of 4.289. Correlation analysis revealed significant positive relationships between Economic Growth and Gross Capital Formation, Human Capital, and Liquid Liabilities. Conversely, FDI, Inflation, and Trade Openness displayed insignificant positive correlations with Economic Growth. The findings also demonstrated that favorable host country traits magnified the impact of FDI on economic growth. Specifically, increased Financial Development, Human Capital, and Trade Openness enhanced the positive effects of FDI on economic growth. However, Inflation had a dampening effect on the growth factor. Policymakers in G-15 countries should give precedence to developing strong financial markets, promoting trade liberalization, and investing in human capital to optimize the advantages of FDI. This research addresses a critical gap in the literature as limited empirical work has been conducted on the FDI–growth relationships specific to the G-15 economies, which hold substantial influence in the global investment landscape and showcase remarkable economic growth. By employing rigorous panel data methodology and a long-term dataset, we provides original insights into the interaction between FDI and host country characteristics, contributing to the existing body of knowledge.</p></div>","PeriodicalId":36164,"journal":{"name":"Asia-Pacific Journal of Regional Science","volume":"8 2","pages":"651 - 679"},"PeriodicalIF":1.9,"publicationDate":"2024-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142414345","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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