Using Transparency International's Corruption Perceptions Index (CPI), this paper establishes a statistically significant link between CPI and foreign direct investment (FDI) flows to 54 developing and developed countries. In addition to each country's CPI, several location and economic characteristics are also postulated to influence FDI. For a group of 22 developing countries, the paper then simulates the impact of an improvement in the CPI score on FDI. This simulation shows that a one point improvement in CPI would generate on average additional FDI of 0.5% of GDP. For instance, the gain in annual FDI would be $7.5 billion for India and $18 billion for China. The paper further simulates the effects of larger FDI on the generation of taxable income and tax revenues in each country us...
... is different from other sources of capital, such as aid from developed countries. FDI is moti... also serve as a mechanism of technology transfer to develop skills involving managerial and organiz... to Cameroon, China, Bangladesh, Kenya and Nigeria. This honor went to Pakistan, Russia, Colombia, Bo...
... factor of production equal to land labour capital (Hughes, 1991). It is the life wire of societies a... national resources for technology transfer and economic development. Nigerian Libraries. 22 (...
Foreign direct investment (FDI), as pointed out by Kindleberger, arises when the host country has an investment opportunity that it cannot exploit by itself because it lacks the means or technical know-how, or because of market incompleteness. A multinational corporation (MNC) may be able to exploit such an opportunity because it has the necessary capital, technology, and managerial skills to do so. In this article, the authors describe some stylized facts about expropriation episodes and other lessons learned from the empirical literature on FDI. The authors then summarize some of the main theories attempting to explain the effects of expropriation on investment and growth. Finally, they develop a theory that relates each type of expropriation to political instability and concentration...
... by the amount of goods that can be transferred from MNCs to domestic agents. The tradeoff faced b... period 1984-2000, shows that a decline in Nigeria's level of corruption to that of South Africa's ha...
Broadening the Lens. FDI and Africa: Historical Skepticism. International Policy Framework for Clean-Energy Investment. Policy Design: Recommendations for Africa. a. Trade-Related Measures. b. Corporate Tax Provisions. Conclusion.
... deployed by multinationals, venture capitalists, private equity, or other investment vehicles, wil... the oil-producing countries (Chad, Nigeria, Congo, Sudan, Angola, Equatorial Guinea, and Gabo... It leads to increased employment, the transfer of new technologies, and the infusion of new and i...
Consumer price inflation remains moderate even though the cyclical upturn in the Norwegian economy is in a mature phase. Underlying inflation has been fairly stable and ranged between 1% and 1 1/2% over a longer period. Growth in the Norwegian economy has been strong. High income growth and high income expectations, combined with low interest rates, have led to brisk growth in demand in the business, household and public sectors. So far, there are few signs of a slowdown in the Norwegian economy. There are prospects that the strong expansion will be sustained for a longer period than previously envisaged. The growth outlook for the world economy remains favorable. Monetary policy cannot fine-tune developments in the economy, but must counter the effects of large disturbances to the econ...
...Prices for intermediate goods, capital goods and some services are rising rapidly. Wage g... reflected both higher government budget transfers and higher tax revenues than assumed earlier. As a... factors, including recurring problems in Nigeria and unrest in the Middle East. At the meeting on 1...
..., a party beaten in the legislature could transfer to the courts an inquiry as to the constitutionali...In Verlinden B. V. v. Central Bank of Nigeria , the Court reviewed a congressional grant of jur... expressly adopted this standard, a later capital case utilized it, holding that a petitioner senten...
...North Carolina (22) Mandatory capital-punishment statutes had never been popular in the ...-law African countries, including Ghana, Nigeria, Sierra Leone, Tanzania, Zambia, and Zimbabwe. (81... of the victim, most often involving a transfer of cattle or sheep. (214) The Maasai sub-clan of t...
... in United States dollars through transfer on the market in one of several locations, includi...V. v. Central Bank of Nigeria, 461 U. S. 480, 489. Moreover, assuming that a for... commercial consequence of raising capital or financing acquisitions. Assuming for the sake o...
... need to diversify in the area of raising capital to finance capital projects. One of such ways iden... that will be required for a seamless transfer of the approvals from its current state (i.e. Gove...
... when the military intervened to stop the transfer of political power from Prime Minister Albert M. M...(6) . Elections in Nigeria, Kenya, and Zimbabwe do serve as examples of what ...Freetown, the capital city, was exploding at the seams with hundreds of ...
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