0 / SPK / specialcollections@tulane.edu

For any developing country, infrastructure is at the core of economic growth and development. South Africa has a modern and well-developed transport infrastructure. The air and rail networks are the largest on the continent, and roads in good condition. To this degree of quality and quantity the purpose of this paper is to investigate whether or not public infrastructure investment contributes to economic growth, which is denoted as GDP per capita in this paper. The period of research is from 1960-2017. The Granger Causality method is applied, to find if a causal relationship exists between these two variables. Additionally, a log-log n OLS name of regression regression will beis run to see how variables, other than public infrastructure investment, affect GDP per capita. The endogenous growth theory is used as the main theory, in order to capture the essence of how the government endogenously affects output per capita in an economy. Findings reveal that there is a unidirectional relationship between public infrastructure investment and economic growth in South Africa. The direction of the causal relationship runs from public infrastructure investment to GDP per capita. Additionally, the infrastructure investment is found to be significant in the logged regression.  run. Which could impliesy that it affects economic growth. For further interest, a dummy variable was added in the regression to check whether the structural break in 1994 in South Africa has significantaffects the interpretation of the results.  changes in interpretation of results.This yielded in no significant changes in the results for infrastructure investment and GDP per capita.  (structural break and more important findings) (variables?) (what organisations can use these findings forFurther, Oorganisations and policy makers can use this paper as an indicator of how infrastructure investment plays a role in an economy, especially in developing countries.

This thesis explores the role of corporate venture capital (CVC) investment in business growth strategy. It is particularly concerned with identifying the CVC investment options for business development and growth. Business growth strategy involves choices of products (and services) or markets for an organisation to enter or exit. An organisation has a choice between penetrating its existing markets, developing new products for its existing markets, bringing its existing products into new markets, or diversifying its activities by introducing new products into new markets. A framework linking CVC investment with business growth strategy is developed and is used for identifying the relevant contribution which the different CVC investments make to business growth. Firms interested in diversifying their investment portfolio utilise CVC for this purpose. These investments, however, support organisational growth when they are aligned to business strategy, defined by the goal of increasing demand for existing products (or services), bringing new products to existing markets faster, protecting against a competitive threat which involves offering existing products to new markets, and developing new products in new markets. There are instances where CVC investments can be used as a channel for later stage funding of corporate venturing projects. This thesis highlights the fact that contrary to both popular wisdom and academic arguments, CVC funds can still be successful when they function like independent venture capital funds, with reliance on financial return on investment as critical to their success. They are, however, able to endure by executing this practice in line with the corporation’s business growth strategy. Using archival data collected from three case studies over a 34-year period, the framework developed from literature review is applied as a basis for understanding how CVC investment can be linked to business growth strategy.

<p>This paper examines the effect of foreign direct investments, FDI, on economic growth in developing countries. This is done by the presentation of a theoretical framework, in which technological transfer and the learning of new technologies is considered to be the engine of growth along with a critical examination of a number of empirical studies on the subject. I will later on perform a discussion of the underlying conditions for FDI to work efficiently along with the implications for Sub-Saharan Africa regarding FDI inflows. The implications are studied within a framework that considers human capital as an important channel through which the potential benefits arising from FDI may be realized.</p>

This paper examines the effect of foreign direct investments, FDI, on economic growth in developing countries. This is done by the presentation of a theoretical framework, in which technological transfer and the learning of new technologies is considered to be the engine of growth along with a critical examination of a number of empirical studies on the subject. I will later on perform a discussion of the underlying conditions for FDI to work efficiently along with the implications for Sub-Saharan Africa regarding FDI inflows. The implications are studied within a framework that considers human capital as an important channel through which the potential benefits arising from FDI may be realized.

No description available.

This paper examines the impact of financial sector foreign direct investment (FSFDI) on economic growth by estimating a panel data model for 11 Central and Eastern European countries (CEECs) between 1996 and 2003 in a cross-country growth accounting framework. The analysis concentrates on the efficiency channel linking FSFDI to economic growth. The results clearly indicate that there can be a relationship between FSFDI and economic growth. Approaching a medium degree of financial M&A is rewarded by higher economic growth after two periods. Beyond it, FSFDI seems to spur economic growth depending on a higher human capital stock. FSFDI-induced knowledge-spillovers to domestic banks can be an explanation for this phenomenon. Above a certain threshold, the crowding-out of local physical capital caused by the entry of a foreign bank seems to hamper economic growth. The value of the paper lies in (1) providing novel data on FSFDI in CEECs, (2) analyzing the impact of FDI on a sectoral level and (3) in modeling the hitherto only qualitatively discussed relationship between foreign banks and economic development into a structural, econometric model that combines two streams of economic research: the FDI-growth-literature and the finance-growth-literature. (author's abstract) / Series: EI Working Papers / Europainstitut

This paper responds to the development policy debate involving the World Bank and the IMF on the use of fiscal policy not only for economic stabilization but also to promote economic growth and increase per capita income. A key issue in this debate relates to the effect of the composition of public expenditure on economic growth. Policy makers and some researchers have argued that expenditure on growth-enhancing functions could enhance future revenue and justify the provision of "fiscal space" in the budget. But there are no simple ways to identify the growth-maximizing composition of public expenditure. The current paper lays out a research strategy to explore the effects of fiscal policy, including the composition of public expenditure, on economic growth, using a time series approach. Based on the modeling strategy of Greiner, Semmler and Gong (2005) we develop a general model that features a government that undertakes public expenditure on (a) education and health facilities which enhance human capital, (b) public infrastructure such as roads and bridges necessary for market activity, (c) public administration to support government functions, (d) transfers and public consumption facilities, and (e) debt service. The proposed model is numerically solved, calibrated and the impact of the composition of public expenditure on the long-run per capita income explored for low-, lower-middle- and uppermiddle-income countries. Policy implications and practical policy rules are spelled out, the extension to an estimable model indicated, a debt sustainability test proposed, and the out-of-steady-state dynamics studied.

The dissertation analyzes the impact of Foreign Direct Investment (FDI) on Economic Growth by extension and economic development of the regions of the Czech Republic (CZ) in 1998 -- 2011. Statistical data empirically study determined motivation of investors to locate in economically strong regions. Following the analysis of statistical data, available resources and a field survey, whose output includes three case studies of specific Foreign Investments in the Czech Republic, the analysis examines whether the arrival of a significant foreign direct investor in the region significantly influenced selected characteristics of economic performance, or other selected areas in region (social, environmental, transport etc.). Moreover, in the context of econometric analysis to test the tightness of the relationship between Foreign Direct Investment and Economic Growth using Pearson's coefficient and characteristics of variability. The causal effect of Foreign Direct Investment on Economic Growth (and vice versa) is analyzed using Granger causality test. The conclusion gives an assessment of the significance of Foreign Direct Investment in the regions of the Czech Republic together with the identification of significant effects brought by investments.

No / In this paper we report on a composite index of international patent systems strength for 48 developing and industrialized countries annually from 1998 to 2011. Building upon earlier indices we develop a conceptual framework informed by transaction cost theory and derive measures which emphasize the importance of enforcement-related aspects of the patent system of countries. Findings reveal harmonization of the regulative aspects of patent protection internationally in the post-TRIPs era but not of overall national patent systems. The index should inform studies on the relationship between national patent systems and a range of international business and other phenomena. (C) 2013 Elsevier Inc. All rights reserved.