{"title":"Macroeconomic determinants of foreign direct investment in emerging economies in turbulent times – A case of COVID’19 pandemic","authors":"Taofeek Olusola Ayinde , Basiru Oyeniran Fatai , Farouq Adekunmi Adeyemi","doi":"10.1016/j.tncr.2024.200079","DOIUrl":"10.1016/j.tncr.2024.200079","url":null,"abstract":"<div><p>The study investigates the macroeconomic determinants of foreign direct investment (FDI) in emerging economies in turbulent times, taking the case of COVID’19 pandemic. Fifteen (15) countries were included for empirical investigations and the period of investigation spans 2019q1–2023q2 and the analytical framework is the Wang and Wong (2007) model. With recourse to various data stability tests, the panel system generalized method of moment is adopted as the technique of analysis to obtain optimal identification solution and address inherent problems of endogeneity and heterogeneity in estimations. For robustness, the sample was decomposed into two; emerging economies with history of high and low FDI receipts respectively. The results obtained show the sensitivity of macroeconomic determinants to these disaggregation and that lag counterparts of these variables play significant roles. The results further suggests that FDI is a substitute for real gross domestic product in emerging economies with history of high FDI receipts.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 4","pages":"Article 200079"},"PeriodicalIF":1.6,"publicationDate":"2024-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924006053/pdfft?md5=d03e9d47237faf537840d08e70382d1d&pid=1-s2.0-S1925209924006053-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141636793","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}
{"title":"Digital economy and the electronic payment behavior: An empirical analysis","authors":"Doan Van Dinh","doi":"10.1016/j.tncr.2024.200078","DOIUrl":"10.1016/j.tncr.2024.200078","url":null,"abstract":"<div><p>This study aims to investigate the factors that affect the electronic payment behavior of Vietnamese consumers. The primary focus is on identifying the challenges that consumers encounter when using e-payment methods.</p><p>The research employed multivariate regression models and conducted various data reliability tests, such as exploratory factor analysis, Cronbach's alpha coefficient, analysis of variance, rotation matrix, and correlation coefficient tests. A total of 318 respondents completed a self-report questionnaire after disqualifying 10 invalid responses. Subsequently, the collected data were subjected to further statistical analysis.</p><p>The study's findings revealed a strong correlation between various factors and electronic payment behavior, with correlation percentages at a 1% significance level of 74.3%, 56.9%, 47.2%, 54.6%, and 82.4%. The data showed high reliability, with a Cronbach's alpha of 0.893.</p><p>The practical results of this research will assist micro- and macro-managers in comprehending e-payment behavior and devising effective strategies to entice customers.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 4","pages":"Article 200078"},"PeriodicalIF":1.6,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924006041/pdfft?md5=ac0edb8c5ca84f61cbaaab9327b2c692&pid=1-s2.0-S1925209924006041-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141573208","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}
{"title":"Adjustment of supply chain investment by transnational corporations in the Ukrainian crisis and geopolitical risks – Taking the three levels as the analytical framework","authors":"Bo Gao , Zhengze Xu","doi":"10.1016/j.tncr.2024.200076","DOIUrl":"https://doi.org/10.1016/j.tncr.2024.200076","url":null,"abstract":"<div><p>This paper studies how the Ukrainian Crisis and Geopolitical Risk impact the trade and investment of Transnational Corporations (TNCs). This impact includes three levels. The first level is the direct impact of geopolitical risks on TNCs, including TNCs' market response to Russia and the trend of supply chain adjustment. The second level is the impact of geopolitical risks on national governments, including the response of developed countries such as the United States and Europe, as well as emerging economies such as India; countries formulate policies and measures to deal with the challenges of geopolitical risks and further promote national economic and social development, seeking channels and ways to improve the level of national security. The third level is the impact of geopolitical risks on international organizations, especially the WTO.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 3","pages":"Article 200076"},"PeriodicalIF":1.6,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924006028/pdfft?md5=9ec4c0e981e0e1ff4b2a2cb854c148a2&pid=1-s2.0-S1925209924006028-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141594422","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}
Marouane Zouine, Mohamed Jallal El Adnani, Salah Eddine Salhi, El Mustapha El Anouar
{"title":"Does higher education lead to lower environmental pollution? New evidence from MENA countries using econometric panel data","authors":"Marouane Zouine, Mohamed Jallal El Adnani, Salah Eddine Salhi, El Mustapha El Anouar","doi":"10.1016/j.tncr.2024.200077","DOIUrl":"https://doi.org/10.1016/j.tncr.2024.200077","url":null,"abstract":"<div><p>Recognizing the critical significance of environmental preservation, this paper investigates the intricate relationship between higher education and environmental pollution in MENA countries from 2000 to 2018. The analysis incorporates three control variables: the globalization index, population, and gross domestic product (GDP). Employing a comprehensive methodology that includes panel unit root tests, Kao cointegration test, fixed effect GLS, fully modified ordinary least squares (FMOLS), and dynamic ordinary least squares (DOLS). As main results, we first found using GLS that higher education, globalization, and GDP per capita positively impact CO<sub>2</sub> emissions in the MENA region. Subsequently, using FMOLS and DOLS, we found that except for GDP per capita, all other variables play a key role in mitigating CO<sub>2</sub> emissions in the long run, thus validating the KURZNETS curve hypothesis for education and challenging it for economic growth in the MENA countries. Given the existing results, this study provides significant recommendations for policymakers and governments to reduce CO<sub>2</sub> emissions.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 4","pages":"Article 200077"},"PeriodicalIF":1.6,"publicationDate":"2024-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S192520992400603X/pdfft?md5=6e42f7587f7421eda47c124a4d1abad2&pid=1-s2.0-S192520992400603X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141540686","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}
{"title":"A retrospective overview of Transnational Corporations Review: An analysis of past, present and future contributions","authors":"Vinod Kumar , Sudhanshu Joshi , Manu Sharma","doi":"10.1016/j.tncr.2024.200075","DOIUrl":"https://doi.org/10.1016/j.tncr.2024.200075","url":null,"abstract":"<div><p>Transnational Corporations Review (TNCR) is a prominent international journal that publishes quarterly research on emerging markets on various micro to macro-level issues, addressing economists, policymakers, and research experts. This study attempts to demonstrate a retrospective investigation of the TNCR's productivity and target results across 15 volumes published in 2009–2023. Using VOSviewer software, different methods and tools are used for bibliometric analysis on several factors, such as research topic coverage, publications and their impact, top cited authors, the number of citations and co-citations received, and the methodology used in all contributions to TNCR. In addition, R Studio was used to develop graphical visualization and analyze the Journal's thematic evolution. Across more than 14 years of life, TNCR contributed 503 research documents across multidisciplinary themes. Most themes covered that broadly define the TNCR over this time include globalization, internationalization of firms, global supply chains, and institutional innovations: survey, time series, and quantitative studies. The essential purpose of the published work is to examine existing theories related to international trade and transnational corporations. Co-authorship trends are changing from single-authorship to collaborative research. The study is a comprehensive retrospective evaluation of the TNCR. The review shall be helpful to potential contributors, editors, and other stakeholders of the Journal.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 4","pages":"Article 200075"},"PeriodicalIF":1.6,"publicationDate":"2024-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924006016/pdfft?md5=fbdff22aac893437c16f4bee30922ab7&pid=1-s2.0-S1925209924006016-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141482685","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}
{"title":"Economic, social and institutional determinants of FDI inflows: A comparative analysis of developed and developing economies","authors":"Seon Ju Lee, Sung Jin Kang, Sun Lee","doi":"10.1016/j.tncr.2024.200074","DOIUrl":"https://doi.org/10.1016/j.tncr.2024.200074","url":null,"abstract":"<div><p>This paper investigates the determinants of Foreign Direct Investment (FDI) inflows by classifying determinants into economic, social, and institutional categories, and examines its linkage between FDI in developed and developing economies at an aggregate level. Countries are distinguished in accordance with country income level, and each category is constructed as a composite index by utilizing the Principal Component Analysis (PCA) method. Using annual data from 1996 to 2019 and panel data approaches, the determinants of FDI are investigated for 178 countries. Main findings are, first, developing economies are largely dependent on economic indicators to attract FDI. Second, in the case of developed economies, the role of social indicators on FDI inflows is shown relatively more significant than economic indicators. Finally, the linkage between institutional indicators and FDI inflows is weak and statistically insignificant in both developed and developing economies.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 3","pages":"Article 200074"},"PeriodicalIF":3.5,"publicationDate":"2024-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924006004/pdfft?md5=6e27e0289d84a8b8e4e8dd623799dde0&pid=1-s2.0-S1925209924006004-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141314022","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}
{"title":"Unraveling the complexity of cyberbullying: Development and validation of a comprehensive questionnaire","authors":"Kanakarn Phanniphong , Laongsri Niangchaem , Khahan Na-Nan , Apiwat Arunyaphum","doi":"10.1016/j.tncr.2024.200073","DOIUrl":"10.1016/j.tncr.2024.200073","url":null,"abstract":"<div><p>This study aims to examine the construct validity and discriminant validity of a cyberbullying questionnaire, as well as explore the practical implications of the findings. The study utilizes exploratory factor analysis (EFA) and confirmatory factor analysis (CFA) to validate the measurement model of the cyberbullying questionnaire. Data analysis is conducted using established statistical techniques. The results reveal the presence of six distinct dimensions of cyberbullying: Online Privacy Violation, Online Harassment and Discomfort, Online Exclusion and Privacy Violation, Disturbance and Intimidation, Identity Impersonation, and Spread of Secrets. The questionnaire demonstrates good construct validity and discriminant validity, providing a reliable tool to measure cyberbullying experiences. This study is limited to a specific population and cultural context. Further research is needed to validate the questionnaire in diverse populations and explore the relationship between cyberbullying dimensions and associated outcomes. This study contributes to the understanding of cyberbullying by providing a comprehensive framework and validated measurement tool.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 3","pages":"Article 200073"},"PeriodicalIF":3.5,"publicationDate":"2024-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924005990/pdfft?md5=c4e24fcf1996209fecfd65ad8c522a5a&pid=1-s2.0-S1925209924005990-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141044981","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}
{"title":"Looking under the carpet: A granular approach to the unusual productivity growth in Ireland","authors":"Javier Papa","doi":"10.1016/j.tncr.2024.200062","DOIUrl":"10.1016/j.tncr.2024.200062","url":null,"abstract":"<div><p>This paper is aimed to empirically test for an open and small economy like Ireland the “granular hypothesis” (Gabaix, 2011), originally proved for the US, which posits that firm-level productivity shocks can explain a sizable portion of aggregate productivity fluctuations. Additionally, the author tries and tests a second hypotheses suggesting the, given the small size, less diversification of the Irish economy, compared to that of the US, the granular effect is likely to be stronger and more important. The Irish case is particularly relevant as Ireland has been experiencing increasing economic concentration in recent years, to the point that micro shocks to a few selected firms in 2015 led to significant level shifts in aggregate variables like GDP (+34 per cent) and, particularly, labour productivity (+23 per cent) and total factor productivity (−12 per cent). Making use of an original combination of macro data from the Ireland's Central Statistics Office (CSO) and the OECD with micro data from the Annual Business Survey of Economic Impact (ABSEI), both granular hypotheses are tested in Ireland for the period 2000–2016.</p><p>Research findings confirm that productivity shocks to the 5 largest firms (in terms of value added) in Ireland account for a large fraction (about one third) of aggregate productivity growth, which is much larger than that found of the US economy. These empirical results shed light on the origins of Irish productivity fluctuations, the consequences of economic concentration on resilience and the importance of diversification policies aimed at broadening Ireland's enterprise base of productive firms.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 3","pages":"Article 200062"},"PeriodicalIF":3.5,"publicationDate":"2024-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924005886/pdfft?md5=efa9ae6908ae8f43c5c05c60e34878cd&pid=1-s2.0-S1925209924005886-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140796750","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}
Elkyn Lugo-Arias , José Lugo-Arias , Sandra Bibiana Vargas , Mario Alberto de la Puente Pacheco , Ivonn Borre Granados , Carlos Barraza Heras , Daniel Triana Hernández
{"title":"Determinants of the competitiveness of world palm oil exports: A cointegration analysis","authors":"Elkyn Lugo-Arias , José Lugo-Arias , Sandra Bibiana Vargas , Mario Alberto de la Puente Pacheco , Ivonn Borre Granados , Carlos Barraza Heras , Daniel Triana Hernández","doi":"10.1016/j.tncr.2024.200063","DOIUrl":"https://doi.org/10.1016/j.tncr.2024.200063","url":null,"abstract":"<div><p>The purpose of this research is to determine the impact of international palm oil prices, prices of its substitute and complementary goods, and the exchange rate on the competitiveness of 30 palm oil exporting countries over the period from 2011 to 2019, using monthly data. The symmetric comparative advantage index was estimated, and a convergence effect was found, whereby emerging countries exhibited greater specialization than industrialized countries. Unit root and cointegration tests were applied, in addition to FMOLS and DOLS methods. The analysis revealed that decreases in palm and vegetable oil prices, coupled with an increase in the exchange rate and prices of soybeans and biodiesel, enhanced the competitiveness of palm oil exports.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 3","pages":"Article 200063"},"PeriodicalIF":3.5,"publicationDate":"2024-04-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924005898/pdfft?md5=72c76a53491407609fc13412b7e477e5&pid=1-s2.0-S1925209924005898-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140632522","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}