外国直接投资与减贫

South Asia Economic Journal Pub Date : 2017-09-01 DOI:10.1177/1391561417713129

M. Agarwal, Pragya Atri, Srikanta Kundu

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引用次数: 16

摘要

人们普遍宣称，资本账户自由化将极大地有利于发展中经济体，因为一旦取消资本管制，发展中经济体就会创造资本流动的潜力。而且，这种资本的自由流动可能会促进经济增长，从而使数百万人摆脱贫困。自20世纪80年代以来，印度一直在逐步自由化，在整个过程中，资本流入比流出更多。此外，自20世纪80年代以来，资本流动的构成一直在发生变化——1991年后，与证券和债务流动相比，外国直接投资(FDI)流入稳步上升。然而，自2000年以来，印度也出现了外国直接投资外流。本文对1980-2011年FDI流动对印度贫困的影响进行了实证检验。为了给印度的表现提供一个正确的视角，我们还分析了南盟国家的外国直接投资流动与贫困之间的联系。为了更好地理解外国直接投资流动如何影响贫困，我们分别分析了流出和流入。结果表明，与其他南盟国家相比，印度的行为既有相似之处，也有不同之处。

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Foreign Direct Investment and Poverty Reduction

It is widely proclaimed that capital account liberalization would immensely benefit developing economies because once capital controls are lifted, developing economies create a potential for movement of capital. And, this free movement of capital could possibly increase growth thereby lifting millions out of poverty. India has been gradually liberalizing since the 1980s and throughout more capital inflows were observed compared to outflows. Also, the composition of capital flows has been changing since the 1980s–with Foreign Direct Investment (FDI) inflows rising steadily post-1991compared to portfolio and debt flows. However, since 2000, FDI outflows from India were also witnessed. In this paper we empirically test the impact of FDI flows on poverty in India for 1980–2011. To provide a correct perspective to India’s performance we also analyze the link between FDI flows and poverty for SAARC countries. For a better understanding of how FDI flows impact poverty, we analyze the outflows and inflows separately. The results show both similarities and contrasts in the behaviour of India in comparison with the other SAARC countries.

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来源期刊

South Asia Economic Journal Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

1.10

自引率

0.00%

发文量

期刊介绍： The South Asian nations have progressively liberalized their economies in recent years in an effort to integrate with the world economy. They have also taken steps to enhance multilateral and regional economic integration. Even though the South Asian economies have grown at an average rate of more than 5 per cent over the last few years, roughly 40 per cent of their people still live below the poverty line. Hence, the South Asian region continues to face many challenges of economic and social development. The South Asia Economic Journal (SAEJ) is designed as a forum for informed debate on these issues, which are of vital importance to the people of the region who comprise one-sixth of the world’s population. The peer-reviewed journal is devoted to economic analysis and policy options aimed at promoting cooperation among the countries comprising South Asia. It also discusses South Asia’s position on global economic issues, its relations with other regional groupings and its response to global developments. We also welcome contributions to inter-disciplinary analysis on South Asia. As a refereed journal, SAEJ carries articles by scholars, economic commentators,policy-makers and officials, from both the private and public sectors. Our aim is to create a vibrant research space to explore the multidimensional economic issues of concern to scholars working on South Asia. Among the issues debated in relation to South Asia are: - the implications of global economic trends; - the issues and challenges by WTO; - approaches to industrialization and development; - the role of regional institutions such as the SAARC; - the relationship between SAARC and other regional economic groupings such as ASEAN; - the implications of economic liberalization for trade and investment in the region; - new initiatives that can be launched to enhance economic cooperation among the South Asian countries both on a bilateral and a regional basis.