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Abstract

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The Impacts of Monetary Policy in the 21st Century: Perspectives from Emerging Economies
Type: Book
ISBN: 978-1-78973-319-8

Book part
Publication date: 13 May 2019

Madhabendra Sinha, Anjan Ray Chaudhury and Partha Pratim Sengupta

During the last few decades, there have been significant divergences in the flows of foreign direct investment (FDI) as per decisions taken by multinational companies…

Abstract

During the last few decades, there have been significant divergences in the flows of foreign direct investment (FDI) as per decisions taken by multinational companies (MNCs), and many of the developing nations in the Asia and Pacific region are most remarkable in this regard (UNCTAD, 2015). Apart from various economic factors, some sociopolitical issues have also been identified as influencing the FDI decisions. This study investigates the comovements of the standard measures of terrorist activities and MNCs’ decision on FDI in selected developing countries in the Asia and Pacific region by employing Generalized Method of Moment (GMM) estimation technique on constructing a balanced panel for 1990–2016. Results summarize that FDI inflows are negatively influenced by terrorist activities in the developing economies of the Asia and Pacific region.

Details

The Impact of Global Terrorism on Economic and Political Development
Type: Book
ISBN: 978-1-78769-919-9

Keywords

Book part
Publication date: 13 May 2019

Anjan Ray Chaudhury and Madhabendra Sinha

There are many channels through which terrorism can influence macroeconomic variables, such as economic growth and international trade. However, the intensity of the…

Abstract

There are many channels through which terrorism can influence macroeconomic variables, such as economic growth and international trade. However, the intensity of the consequences of terrorist events on the economy may be varied across countries based on the economic structure. Therefore, it is not unusual for the impacts of terrorism to vary across the developed and developing nations. Against this backdrop, this study assesses the influences of conflicts and terrorist activities on the growth of per capita gross domestic product (GDP) in 21 developed and 23 developing countries from 1970 to 2015. The stochastic properties of the variables are looked into by carrying out panel-specific Augmented Dicky-Fuller (ADF) and Phillips-Peron (PP) unit root test followed by estimating the dynamic regressions equations in structured balanced panel frameworks for selected developed and developing economies separately. This study draws on data from various sources namely, Global Terrorism Database (GTD) and World Development Indicators (WDI; World Bank). Our empirical findings imply that terrorist activities have a significant growth-limiting effect, and the extent and significance of impacts are higher in case of developing economies.

Details

The Impact of Global Terrorism on Economic and Political Development
Type: Book
ISBN: 978-1-78769-919-9

Keywords

Content available
Book part
Publication date: 13 May 2019

Abstract

Details

The Impact of Global Terrorism on Economic and Political Development
Type: Book
ISBN: 978-1-78769-919-9

Content available
Book part
Publication date: 2 September 2019

Abstract

Details

The Impacts of Monetary Policy in the 21st Century: Perspectives from Emerging Economies
Type: Book
ISBN: 978-1-78973-319-8

Article
Publication date: 8 November 2013

Priyodorshi Banerjee

To analyse the implications of signs of reform modification, stoppage or reversal, such as price controls, that have emerged in many developing economies, it is necessary…

Abstract

Purpose

To analyse the implications of signs of reform modification, stoppage or reversal, such as price controls, that have emerged in many developing economies, it is necessary to understand their efficiency consequences. This paper aims to study the effect of price interventions in imperfectly competitive product markets, to investigate whether reforms reversals are necessarily harmful.

Design/methodology/approach

The model assumes firm set prices and face sunk costs of entry.

Findings

The paper shows that a minimum price can induce a Pareto improvement, by preventing price wars and encouraging entry. The result is supported by empirical evidence from some developed economies, holds when sunk cost vanishes, and is robust to some extensions. A fixed price may be optimal in the environment investigated.

Originality/value

The results may be of interest to theorists and policy-makers interested in imperfectly competitive markets.

Details

Indian Growth and Development Review, vol. 6 no. 2
Type: Research Article
ISSN: 1753-8254

Keywords

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