Transnational Corporations Review最新文献_第3页

Financial development and income inequality: Direct and indirect transmission mechanisms in Sub-Saharan Africa 金融发展与收入不平等：撒哈拉以南非洲的直接和间接传导机制

IF 3.5

Transnational Corporations Review Pub Date : 2024-03-28 DOI: 10.1016/j.tncr.2024.200048

Armand Fréjuis Akpa , Victoria Isioma Okafor , Evans Osabuohien , Ebenezer Bowale

{"title":"Financial development and income inequality: Direct and indirect transmission mechanisms in Sub-Saharan Africa","authors":"Armand Fréjuis Akpa , Victoria Isioma Okafor , Evans Osabuohien , Ebenezer Bowale","doi":"10.1016/j.tncr.2024.200048","DOIUrl":"10.1016/j.tncr.2024.200048","url":null,"abstract":"<div><p>The reduction of income inequality between poor and rich constitutes one of the goals of governments and policymakers across the world. Financial development remains one way to cope with income inequality but its influence on income inequality is mixed. Thus, this paper explores the direct and indirect transmission mechanisms through which financial development can affect income inequality in Sub-Saharan Africa (SSA). The study utilises data from the Standardised World Income Inequality Database (SWIID) for income inequality and World Development Indicators (WDI) for financial development over the period 1995 to 2015. Analysing the data using the System Generalised Method of Moments (SGMM), the results show that financial development solely increases income inequality but its interaction with GDP per capita has a negative and significant effect on income inequality. These findings suggest that the financial development need a good economic growth to reduce income inequality.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 3","pages":"Article 200048"},"PeriodicalIF":3.5,"publicationDate":"2024-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924005746/pdfft?md5=d131ec8fcc26ab50bbaac1c8254ceda3&pid=1-s2.0-S1925209924005746-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140398549","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

Foreign direct investment inflows and business cycles 外国直接投资流入与商业周期

IF 3.5

Transnational Corporations Review Pub Date : 2024-03-27 DOI: 10.1016/j.tncr.2024.200061

László Tőkés

引用次数: 0

An empirical analysis of causal nexus between higher education and economic growth in BRICS countries 金砖国家高等教育与经济增长之间因果关系的实证分析

IF 3.5

Transnational Corporations Review Pub Date : 2024-03-26 DOI: 10.1016/j.tncr.2024.200057

Azharuddin Mohammad Mussaiyib, Kailash Chandra Pradhan

引用次数: 0

Does governance matter to ensure significant effect of foreign direct investment on poverty reduction? Evidence from developing and emerging countries 治理对确保外国直接投资对减贫产生重大影响重要吗？发展中国家和新兴国家的证据

IF 3.5

Transnational Corporations Review Pub Date : 2024-03-26 DOI: 10.1016/j.tncr.2024.200058

Zouhaier Aloui , Mekki Hamdaoui , Samir Maktouf

{"title":"Does governance matter to ensure significant effect of foreign direct investment on poverty reduction? Evidence from developing and emerging countries","authors":"Zouhaier Aloui , Mekki Hamdaoui , Samir Maktouf","doi":"10.1016/j.tncr.2024.200058","DOIUrl":"10.1016/j.tncr.2024.200058","url":null,"abstract":"<div><p>This paper examines the moderating role of governance in the effect of Foreign Direct Investment (FDI) on poverty using simultaneous equations models for sub-Saharan African, Asian, Latin American and Eastern European countries over the period 1996–2017. The main objective of this study is to examine the role of governance as a moderator of the FDI effect on poverty. Our analyses support a positive significant impact of FDI on poverty reduction in sub-Saharan Africa and Latin America but a negative effect in Eastern Europe, while it is not significant in Asian economies. In addition, we detect a positive conjoint impact of FDI and governance quality on poverty in all African, Latin American and Eastern European economic communities. However, this interactive effect is negative and not significant in Asia. This means that FDI reduces poverty in the presence of governance quality. Our results support that in the poorest countries (sub-Saharan Africa, Latin America), poverty is more sensitive to interactions between governance and FDIs than in the richest countries (ASIA). As policy implications of this study, governments in less developed regions must give great importance to improving the quality of governance. In this way, it becomes possible to attract foreign direct investment and increase household consumption reducing poverty as main purpose of Sustainable Development Goals (SDGs) for 2030.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 2","pages":"Article 200058"},"PeriodicalIF":3.5,"publicationDate":"2024-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924005849/pdfft?md5=7b731ce0d1f4d9e7690db33a3cc9afcb&pid=1-s2.0-S1925209924005849-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140402905","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

The impact of ISDS arbitration claims and adjudication on cross-border direct investment 国际投资争端解决机制仲裁申请和裁决对跨境直接投资的影响

IF 3.5

Transnational Corporations Review Pub Date : 2024-03-24 DOI: 10.1016/j.tncr.2024.200053

Julan Du , Yifei Zhang

引用次数: 0

Does Moroccan Diaspora play a role in the location of Moroccan FDI? An empirical investigation on outward FDI into 46 host countries 散居国外的摩洛哥人在摩洛哥外国直接投资的选址中起作用吗？对 46 个东道国外向外国直接投资的经验调查

IF 3.5

Transnational Corporations Review Pub Date : 2024-03-23 DOI: 10.1016/j.tncr.2024.200054

Jihad Ait Soussane, Amine Chentouf, Zahra Mansouri

{"title":"Does Moroccan Diaspora play a role in the location of Moroccan FDI? An empirical investigation on outward FDI into 46 host countries","authors":"Jihad Ait Soussane, Amine Chentouf, Zahra Mansouri","doi":"10.1016/j.tncr.2024.200054","DOIUrl":"10.1016/j.tncr.2024.200054","url":null,"abstract":"<div><p>The paper investigates the impact of the Moroccan diaspora in host countries on attracting foreign direct investment from Moroccan Multinational Enterprises. Utilizing cross-sectional data encompassing outward FDI to 46 countries hosting Moroccan migrants, the Robust Weighted Least Squares estimation method reveals a positive association between the size of the Moroccan diaspora and outward FDI. These results affirm the central hypothesis, highlighting the significant role of social networks, such as diaspora, in fostering connectivity between the MNE and its subsidiaries, mitigating foreignness liabilities and psychic distance. Moreover, the study unveils a nuanced perspective: technological capabilities and institutional quality act as negative moderators, shaping a multifaceted relationship. These findings enrich our comprehension of diaspora-driven FDI dynamics, providing fresh insights into the moderating influences of technological capabilities and institutional quality in the realm of outward FDI from Morocco.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 2","pages":"Article 200054"},"PeriodicalIF":3.5,"publicationDate":"2024-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924005801/pdfft?md5=8bed89b70d2071e11998a9127b66c958&pid=1-s2.0-S1925209924005801-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140268697","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

Repackaging FDI for inclusive growth: Nullifying effects and policy-relevant thresholds of governance 重新包装净外国直接投资以促进包容性增长：无效效应和与政策相关的治理阈值

IF 3.5

Transnational Corporations Review Pub Date : 2024-03-23 DOI: 10.1016/j.tncr.2024.200056

Isaac K. Ofori , Simplice A. Asongu

引用次数: 0

The role of institutional quality on the impact of Chinese foreign direct investments and human capital development on macroeconomic performance in the CEMAC zone 制度质量对中国外商直接投资和人力资本发展对中非经货共同体地区宏观经济绩效影响的作用

IF 3.5

Transnational Corporations Review Pub Date : 2024-03-23 DOI: 10.1016/j.tncr.2024.200052

Jean-Claude Kouladoum

{"title":"The role of institutional quality on the impact of Chinese foreign direct investments and human capital development on macroeconomic performance in the CEMAC zone","authors":"Jean-Claude Kouladoum","doi":"10.1016/j.tncr.2024.200052","DOIUrl":"https://doi.org/10.1016/j.tncr.2024.200052","url":null,"abstract":"<div><p>This paper investigates the role of institutional quality in terms of governance on the impact of Chinese foreign direct investments and human capital development on the macroeconomic performance of the CEMAC zone between 2003 and 2020. The data were analyzed using descriptive statistics and the Correlated Panels Corrected Standard Errors (PCSEs) Approach. The findings indicated that poor governance performance in the CEMAC zone deteriorates the effects of Chinese foreign direct investments and human capital development on the macroeconomic performance of the CEMAC zone. At the same time, poor governance performance also deteriorates the impact of foreign aid and personal remittances received on the macroeconomic performance of the CEMAC zone. This study strongly recommends measures to improve institutional quality such as increased training on ethical thinking in all forms of education, meritocratic recruitment to the civil service, and auditing of public finances and services.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 2","pages":"Article 200052"},"PeriodicalIF":3.5,"publicationDate":"2024-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924005783/pdfft?md5=fa460d9436e13f36e2ea6097ac2af22a&pid=1-s2.0-S1925209924005783-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140535733","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

The role of FDI augmented with governance and human capital on structural transformation: Experiences from SSA and EAP countries 以治理和人力资本为支撑的外国直接投资对结构转型的作用：撒南非洲和东非及太平洋地区国家的经验

IF 3.5

Transnational Corporations Review Pub Date : 2024-03-23 DOI: 10.1016/j.tncr.2024.200055

Solomon Kebede , Zerihun Getachew , Berihanu Kuma , Tora Abebe

{"title":"The role of FDI augmented with governance and human capital on structural transformation: Experiences from SSA and EAP countries","authors":"Solomon Kebede , Zerihun Getachew , Berihanu Kuma , Tora Abebe","doi":"10.1016/j.tncr.2024.200055","DOIUrl":"10.1016/j.tncr.2024.200055","url":null,"abstract":"<div><p>In the last few decades, the majority of least-developed countries have failed to achieve the structural transformation theme. The concern of achieving structural transformation is further aggravated by the lack of technology, low level of literacy, poor institutional qualities, and low development level of the manufacturing sub-sector in these countries. To examine the role of FDI augmented with governance and human capital on structural transformation, the study used panel data for four Sub-Saharan African (SSA) and three East Asian and Pacific (EAP) countries across 31 years. The auto-regressive Distributed Lag with Pooled Mean Group technique was employed for analysis after checking the possible assumptions. The model for the full panels suggests that FDI inflows, especially when supplemented with good governance and better literacy, promote structural transformation. Moreover, across regions, in the short run, the interactive effect of FDI with governance and literacy had a positive effect for EAP and a negative effect for SSA countries. Finally, the government of the least developed countries that endeavors to achieve structural transformation should focus on improving the quality of governance and literacy rate and then engage in attracting massive inflows of FDI, among others.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 2","pages":"Article 200055"},"PeriodicalIF":3.5,"publicationDate":"2024-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924005813/pdfft?md5=163080e45de9bab349f6add4e9edcd9b&pid=1-s2.0-S1925209924005813-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140275045","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

Profit shifting to tax havens: Withholding tax impact on passive flows from Poland 利润向避税地转移：预提税对波兰被动资金流动的影响

IF 3.5

Transnational Corporations Review Pub Date : 2024-03-22 DOI: 10.1016/j.tncr.2024.200059

Milena Sitkiewicz , Anna Białek-Jaworska

{"title":"Profit shifting to tax havens: Withholding tax impact on passive flows from Poland","authors":"Milena Sitkiewicz , Anna Białek-Jaworska","doi":"10.1016/j.tncr.2024.200059","DOIUrl":"10.1016/j.tncr.2024.200059","url":null,"abstract":"<div><p>This paper aims to identify determinants and channels of tax avoidance through passive flows to tax havens using harmful tax competition, considering the effect of changes in withholding tax regulations. For the empirical analysis, we exploit the data of 110 907 nonresidents from 134 countries that gain passive flows paid by Polish taxpayers. We utilise data from IFT-2R returns on withholding tax (WHT) for 2012–2019. We use a two-stage Arellano-Bond estimator of the Generalised Method of Moments (GMM) with instrumental variables for dynamic panel data and the difference-in-differences method. We show that the amendment to the withholding tax legislation, preceded by a no-avoidance clause in 2017, reduced passive flows overall and separately from the manufacturing and service sectors, primarily profit-shifting through interest, royalties and intangible services payments. Moreover, our results confirm that the tax system tightening against aggressive tax competition has reduced passive income transfers from service companies, not manufacturing companies. Instead, the latter make higher transfers to tax havens included in both Polish and the E.U. list of countries applying harmful tax competition.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 2","pages":"Article 200059"},"PeriodicalIF":3.5,"publicationDate":"2024-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924005850/pdfft?md5=aebf00560ef49dd8fc528f3cb6704b16&pid=1-s2.0-S1925209924005850-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140273063","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