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DEMOCRACY AND FOREIGN DIRECT INVESTMENT (FDI) RELATIONSHIP: EMPIRICAL EVIDENCE FROM BANGLADESH (1975-2015)

Yıl 2023, Cilt: 7 Sayı: 2, 517 - 540, 27.12.2023

Zobayer Ahmed , Md Omor Hossen , Md Mostafa Faısal , Tasnima Jahan Suraıya

Öz

The present study investigates the relationship between democratic practice and foreign direct investment (FDI) in Bangladesh. There is an ongoing debate in academia regarding the effect of democracy on FDI inflow. Historically, FDI depends on stable democracy apart from many other relevant factors. This study used time series data from 1975 to 2015 for Bangladesh and estimated suitable econometric models. This study showed that the relationship between democracy and FDI is statistically insignificant in the long run.

Anahtar Kelimeler

Bangladesh Democracy FDI Political rights civil liberties OLS ECM.

Kaynakça

  • ADAM, A., & FILIPPAIOS, F. (2007). Foreign direct investment and civil liberties: A new perspective. European journal of political economy, 23(4), 1038-1052.
  • AHUJA, H. L. (2016). Modern Economics–An Analytical Study. S. Chand Publishing.
  • ASIEDU, E., & LIEN, D. (2011). Democracy, foreign direct investment and natural resources. Journal of international economics, 84(1), 99-111.
  • BAUM, C. F. (2006). An introduction to modern econometrics using Stata. Stata press.
  • BLANTON, S. L., & BLANTON, R. G. (2006). Human rights and foreign direct investment: A two-stage analysis. Business & society, 45(4), 464-485.
  • BURKHART, R. E., & DE SOYSA, I. (Eds.). (2003). Open Borders, Open Regimes? Testing Causal Direction Between Globalization And Democracy, 1970-2000. Https://Doi.Org/10.22004/Ag.Econ.18729
  • BUSSE, M. (2003). Democracy and FDI. Available at SSRN 384480.
  • BUSSE, M. (2004). Transnational corporations and repression of political rights and civil liberties: An empirical analysis. Kyklos, 57(1), 45-65.
  • BUSSE, M., & HEFEKER, C. (2007). Political risk, institutions and foreign direct investment. European journal of political economy, 23(2), 397-415.
  • BÜTHE, T., & MILNER, H. V. (2008). The politics of foreign direct investment into developing countries: increasing FDI through international trade agreements? American Journal of Political Science, 52(4), 741-762.
  • CHAN, S., & MASON, M. (1992). Foreign direct investment and host country conditions: Looking from the other side now. International Interactions, 17(3), 215-232.
  • DUPASQUIER, C., & OSAKWE, P. N. (2006). Foreign direct investment in Africa: Performance, challenges, and responsibilities. Journal of Asian Economics, 17(2), 241–260. https://doi.org/10.1016/j.asieco.2005.07.002
  • EICHENGREEN, B. (2001). The Market and the Marshall Plan. In M. Schain (Ed.), The Marshall Plan: Fifty Years After (pp. 131–145). Palgrave Macmillan US.
  • FENG, Y. (2001). Political freedom, political instability, and policy uncertainty: A study of political institutions and private investment in developing countries. International Studies Quarterly, 45(2), 271-294.
  • FREEDOM-HOUSE. (2016). Freedom in the World 2016, Anxious Dictators, Wavering Democracies: Global Freedom under Pressure. Washington, DC http://freedomhouse. org/report/freedom-world/2016/russia (accessed March 16, 2016).
  • GOLDGEIER, J. M., & MCFAUL, M. (1992). A tale of two worlds: Core and periphery in the post-cold war era. International Organization, 46(2), 467–491. https://doi.org/10.1017/S0020818300027788
  • GOSWAMI, G. G., & HAIDER, S. (2014). Does political risk deter FDI inflow?: An analytical approach using panel data and factor analysis. Journal of Economic Studies, 41(2), 233-252. doi:10.1108/JES-03-2012-0041
  • HANIF, A., et. al., (2023). Military Expenditure and Unemployment Nexus in Bangladesh. Revista Finanzas Y Política Económica, 15(1), 157–184. https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.7
  • HARMS, P., & URSPRUNG, H. W. (2002). Do civil and political repression really boost foreign direct investments? Economic Inquiry, 40(4), 651-663.
  • HENISZ, W. J., & WILLIAMSON, O. E. (1999). Comparative economic organization—within and between countries. Business and Politics, 1(3), 261-278.
  • HOSSAIN, M. A. (2013). Democracy in Bangladesh: Problems & Prospects, Rajshahi University, Retrieved from: https://www.researchgate.net/publication/228771011_Democracy_in_Bangladesh_Problems_Prospects
  • ISLAM, M. S., et. al, (2021). Financial Development, International Trade and Economic Growth Nexus (1971-2016): Examining Bangladesh Perspective. Bangladesh Journal of Integrated Thoughts, 17(2).
  • JAKOBSEN, J., & DE SOYSA, I. (2006). Do foreign investors punish democracy? Theory and empirics, 1984–2001. Kyklos, 59(3), 383-410.
  • JENSEN, N. M. (2003). Democratic governance and multinational corporations: Political regimes and inflows of foreign direct investment. International organization, 57(03), 587-616.
  • KNACK, S., & KEEFER, P. (1997). Does inequality harm growth only in democracies? A replication and extension. American Journal of Political Science, 41(1), 323-332.
  • LI, Q. (2006). Democracy, autocracy, and tax incentives to foreign direct investors: A cross-national analysis. The Journal of Politics, 68(1), 62-74.
  • LI, Q., & RESNICK, A. (2003). Reversal of Fortunes: Democratic Institutions and Foreign Direct Investment Inflows to Developing Countries. International Organization, 57(1), 175–211. https://doi.org/10.1017/S0020818303571077
  • LI, Q., & REUVENY, R. (2003). Economic globalization and democracy: An empirical analysis. British journal of political science, 33(01), 29-54.
  • LILY, J., ET. AL (2014). Exchange rate movement and foreign direct investment in ASEAN economies. Economics Research International.
  • MACKINNON, J. G., et al., (1999). Numerical distribution functions of likelihood ratio tests for cointegration. Journal of Applied Econometrics, 563-577.
  • MATHUR, A., & SINGH, K. (2013). Foreign direct investment, corruption and democracy. Applied Economics, 45(8), 991-1002.
  • MENCINGER, J. (2003). Does Foreign Direct Investment Always Enhance Economic Growth? Kyklos, 56(4), 491-508. doi:10.1046/j.0023-5962.2003.00235.x
  • MENGISTU, A. A., & ADHIKARY, B. K. (2011). Does good governance matter for FDI inflows? Evidence from Asian economies. Asia Pacific Business Review, 17(3), 281–299. https://doi.org/10.1080/13602381003755765
  • MEYER, W. H. (1998). Human rights and international political economy in third world nations: multinational corporations, foreign aid, and repression: Praeger Publishers.
  • Nishat, S. A., et. al.,(2022). International Trade, FDI, Inflation and Growth Nexus: Bangladesh Perspective (1971-2016). JOEEP: Journal of Emerging Economies and Policy, 7(2), 334-351.
  • O'DONNELL, G. (1978). Reflections on the patterns of change in the bureaucratic-authoritarian state. Latin American Research Review, 13(1), 3-38.
  • OLSON, M. (1993). Dictatorship, Democracy, and Development. American Political Science Review, 87(3), 567–576. https://doi.org/10.2307/2938736
  • ONEAL, J. R. (1994). The affinity of foreign investors for authoritarian regimes. Political Research Quarterly, 47(3), 565-588.
  • SHARIF, T., & ABDULLAH, J. A. S. (2013). Human Resource Development and Economic Growth in Bangladesh: An Econometric Analysis. European Journal of Business and Management, 5(7), 133-144.
  • SOBEL, A. C. (2002). State institutions, private incentives, global capital: University of Michigan Press [book].
  • VASILIEVA, E., ET. AL., (2018). Development of the third sector: Social activity management. Journal of Social Sciences Research, (Special Issue 3), 364-368. doi:10.32861/jssr.spi3.364.368
  • WHEELER, D., & MODY, A. (1992). International investment location decisions: The case of US firms. Journal of international economics, 33(1-2), 57-76.
  • WorldBank. (2016). "World Development Indicators of world bank ". Retrieved from: http://data.worldbank.org/indicator/BX.KLT.DINV.CD.WD?locations=BD

Demokrasi ve Doğrudan Yabancı Yatırım (DYY) İlişkisi: Bangladeş'ten Ampirik Kanıtlar (1975-2015)

Yıl 2023, Cilt: 7 Sayı: 2, 517 - 540, 27.12.2023

Zobayer Ahmed , Md Omor Hossen , Md Mostafa Faısal , Tasnima Jahan Suraıya

Öz

Bu çalışma Bangladeş'te demokratik uygulama ile doğrudan yabancı yatırım (DYY) arasındaki ilişkiyi araştırmaktadır. Demokrasinin doğrudan yabancı yatırım akışı üzerindeki etkisine ilişkin akademik çevrede süregelen bir tartışma var. Tarihsel olarak doğrudan yabancı yatırımlar diğer birçok ilgili faktörün yanı sıra istikrarlı demokrasiye de bağlıdır. Bu çalışmada Bangladeş için 1975'ten 2015'e kadar olan zaman serisi verileri kullanılmış ve uygun ekonometrik modeller tahmin edilmiştir. Bu çalışma, demokrasi ile doğrudan yabancı yatırım arasındaki ilişkinin uzun vadede istatistiksel olarak anlamsız olduğunu göstermiştir.

Anahtar Kelimeler

Bangladeş Demokrasi DYY Siyasi haklar sivil özgürlükler OLS ECM

Kaynakça

  • ADAM, A., & FILIPPAIOS, F. (2007). Foreign direct investment and civil liberties: A new perspective. European journal of political economy, 23(4), 1038-1052.
  • AHUJA, H. L. (2016). Modern Economics–An Analytical Study. S. Chand Publishing.
  • ASIEDU, E., & LIEN, D. (2011). Democracy, foreign direct investment and natural resources. Journal of international economics, 84(1), 99-111.
  • BAUM, C. F. (2006). An introduction to modern econometrics using Stata. Stata press.
  • BLANTON, S. L., & BLANTON, R. G. (2006). Human rights and foreign direct investment: A two-stage analysis. Business & society, 45(4), 464-485.
  • BURKHART, R. E., & DE SOYSA, I. (Eds.). (2003). Open Borders, Open Regimes? Testing Causal Direction Between Globalization And Democracy, 1970-2000. Https://Doi.Org/10.22004/Ag.Econ.18729
  • BUSSE, M. (2003). Democracy and FDI. Available at SSRN 384480.
  • BUSSE, M. (2004). Transnational corporations and repression of political rights and civil liberties: An empirical analysis. Kyklos, 57(1), 45-65.
  • BUSSE, M., & HEFEKER, C. (2007). Political risk, institutions and foreign direct investment. European journal of political economy, 23(2), 397-415.
  • BÜTHE, T., & MILNER, H. V. (2008). The politics of foreign direct investment into developing countries: increasing FDI through international trade agreements? American Journal of Political Science, 52(4), 741-762.
  • CHAN, S., & MASON, M. (1992). Foreign direct investment and host country conditions: Looking from the other side now. International Interactions, 17(3), 215-232.
  • DUPASQUIER, C., & OSAKWE, P. N. (2006). Foreign direct investment in Africa: Performance, challenges, and responsibilities. Journal of Asian Economics, 17(2), 241–260. https://doi.org/10.1016/j.asieco.2005.07.002
  • EICHENGREEN, B. (2001). The Market and the Marshall Plan. In M. Schain (Ed.), The Marshall Plan: Fifty Years After (pp. 131–145). Palgrave Macmillan US.
  • FENG, Y. (2001). Political freedom, political instability, and policy uncertainty: A study of political institutions and private investment in developing countries. International Studies Quarterly, 45(2), 271-294.
  • FREEDOM-HOUSE. (2016). Freedom in the World 2016, Anxious Dictators, Wavering Democracies: Global Freedom under Pressure. Washington, DC http://freedomhouse. org/report/freedom-world/2016/russia (accessed March 16, 2016).
  • GOLDGEIER, J. M., & MCFAUL, M. (1992). A tale of two worlds: Core and periphery in the post-cold war era. International Organization, 46(2), 467–491. https://doi.org/10.1017/S0020818300027788
  • GOSWAMI, G. G., & HAIDER, S. (2014). Does political risk deter FDI inflow?: An analytical approach using panel data and factor analysis. Journal of Economic Studies, 41(2), 233-252. doi:10.1108/JES-03-2012-0041
  • HANIF, A., et. al., (2023). Military Expenditure and Unemployment Nexus in Bangladesh. Revista Finanzas Y Política Económica, 15(1), 157–184. https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.7
  • HARMS, P., & URSPRUNG, H. W. (2002). Do civil and political repression really boost foreign direct investments? Economic Inquiry, 40(4), 651-663.
  • HENISZ, W. J., & WILLIAMSON, O. E. (1999). Comparative economic organization—within and between countries. Business and Politics, 1(3), 261-278.
  • HOSSAIN, M. A. (2013). Democracy in Bangladesh: Problems & Prospects, Rajshahi University, Retrieved from: https://www.researchgate.net/publication/228771011_Democracy_in_Bangladesh_Problems_Prospects
  • ISLAM, M. S., et. al, (2021). Financial Development, International Trade and Economic Growth Nexus (1971-2016): Examining Bangladesh Perspective. Bangladesh Journal of Integrated Thoughts, 17(2).
  • JAKOBSEN, J., & DE SOYSA, I. (2006). Do foreign investors punish democracy? Theory and empirics, 1984–2001. Kyklos, 59(3), 383-410.
  • JENSEN, N. M. (2003). Democratic governance and multinational corporations: Political regimes and inflows of foreign direct investment. International organization, 57(03), 587-616.
  • KNACK, S., & KEEFER, P. (1997). Does inequality harm growth only in democracies? A replication and extension. American Journal of Political Science, 41(1), 323-332.
  • LI, Q. (2006). Democracy, autocracy, and tax incentives to foreign direct investors: A cross-national analysis. The Journal of Politics, 68(1), 62-74.
  • LI, Q., & RESNICK, A. (2003). Reversal of Fortunes: Democratic Institutions and Foreign Direct Investment Inflows to Developing Countries. International Organization, 57(1), 175–211. https://doi.org/10.1017/S0020818303571077
  • LI, Q., & REUVENY, R. (2003). Economic globalization and democracy: An empirical analysis. British journal of political science, 33(01), 29-54.
  • LILY, J., ET. AL (2014). Exchange rate movement and foreign direct investment in ASEAN economies. Economics Research International.
  • MACKINNON, J. G., et al., (1999). Numerical distribution functions of likelihood ratio tests for cointegration. Journal of Applied Econometrics, 563-577.
  • MATHUR, A., & SINGH, K. (2013). Foreign direct investment, corruption and democracy. Applied Economics, 45(8), 991-1002.
  • MENCINGER, J. (2003). Does Foreign Direct Investment Always Enhance Economic Growth? Kyklos, 56(4), 491-508. doi:10.1046/j.0023-5962.2003.00235.x
  • MENGISTU, A. A., & ADHIKARY, B. K. (2011). Does good governance matter for FDI inflows? Evidence from Asian economies. Asia Pacific Business Review, 17(3), 281–299. https://doi.org/10.1080/13602381003755765
  • MEYER, W. H. (1998). Human rights and international political economy in third world nations: multinational corporations, foreign aid, and repression: Praeger Publishers.
  • Nishat, S. A., et. al.,(2022). International Trade, FDI, Inflation and Growth Nexus: Bangladesh Perspective (1971-2016). JOEEP: Journal of Emerging Economies and Policy, 7(2), 334-351.
  • O'DONNELL, G. (1978). Reflections on the patterns of change in the bureaucratic-authoritarian state. Latin American Research Review, 13(1), 3-38.
  • OLSON, M. (1993). Dictatorship, Democracy, and Development. American Political Science Review, 87(3), 567–576. https://doi.org/10.2307/2938736
  • ONEAL, J. R. (1994). The affinity of foreign investors for authoritarian regimes. Political Research Quarterly, 47(3), 565-588.
  • SHARIF, T., & ABDULLAH, J. A. S. (2013). Human Resource Development and Economic Growth in Bangladesh: An Econometric Analysis. European Journal of Business and Management, 5(7), 133-144.
  • SOBEL, A. C. (2002). State institutions, private incentives, global capital: University of Michigan Press [book].
  • VASILIEVA, E., ET. AL., (2018). Development of the third sector: Social activity management. Journal of Social Sciences Research, (Special Issue 3), 364-368. doi:10.32861/jssr.spi3.364.368
  • WHEELER, D., & MODY, A. (1992). International investment location decisions: The case of US firms. Journal of international economics, 33(1-2), 57-76.
  • WorldBank. (2016). "World Development Indicators of world bank ". Retrieved from: http://data.worldbank.org/indicator/BX.KLT.DINV.CD.WD?locations=BD

Yıl 2023, Cilt: 7 Sayı: 2, 517 - 540, 27.12.2023

Zobayer Ahmed , Md Omor Hossen , Md Mostafa Faısal , Tasnima Jahan Suraıya

Öz

Anahtar Kelimeler

Bangladesh Democracy FDI Political rights civil liberties OLS ECM.

Kaynakça

  • ADAM, A., & FILIPPAIOS, F. (2007). Foreign direct investment and civil liberties: A new perspective. European journal of political economy, 23(4), 1038-1052.
  • AHUJA, H. L. (2016). Modern Economics–An Analytical Study. S. Chand Publishing.
  • ASIEDU, E., & LIEN, D. (2011). Democracy, foreign direct investment and natural resources. Journal of international economics, 84(1), 99-111.
  • BAUM, C. F. (2006). An introduction to modern econometrics using Stata. Stata press.
  • BLANTON, S. L., & BLANTON, R. G. (2006). Human rights and foreign direct investment: A two-stage analysis. Business & society, 45(4), 464-485.
  • BURKHART, R. E., & DE SOYSA, I. (Eds.). (2003). Open Borders, Open Regimes? Testing Causal Direction Between Globalization And Democracy, 1970-2000. Https://Doi.Org/10.22004/Ag.Econ.18729
  • BUSSE, M. (2003). Democracy and FDI. Available at SSRN 384480.
  • BUSSE, M. (2004). Transnational corporations and repression of political rights and civil liberties: An empirical analysis. Kyklos, 57(1), 45-65.
  • BUSSE, M., & HEFEKER, C. (2007). Political risk, institutions and foreign direct investment. European journal of political economy, 23(2), 397-415.
  • BÜTHE, T., & MILNER, H. V. (2008). The politics of foreign direct investment into developing countries: increasing FDI through international trade agreements? American Journal of Political Science, 52(4), 741-762.
  • CHAN, S., & MASON, M. (1992). Foreign direct investment and host country conditions: Looking from the other side now. International Interactions, 17(3), 215-232.
  • DUPASQUIER, C., & OSAKWE, P. N. (2006). Foreign direct investment in Africa: Performance, challenges, and responsibilities. Journal of Asian Economics, 17(2), 241–260. https://doi.org/10.1016/j.asieco.2005.07.002
  • EICHENGREEN, B. (2001). The Market and the Marshall Plan. In M. Schain (Ed.), The Marshall Plan: Fifty Years After (pp. 131–145). Palgrave Macmillan US.
  • FENG, Y. (2001). Political freedom, political instability, and policy uncertainty: A study of political institutions and private investment in developing countries. International Studies Quarterly, 45(2), 271-294.
  • FREEDOM-HOUSE. (2016). Freedom in the World 2016, Anxious Dictators, Wavering Democracies: Global Freedom under Pressure. Washington, DC http://freedomhouse. org/report/freedom-world/2016/russia (accessed March 16, 2016).
  • GOLDGEIER, J. M., & MCFAUL, M. (1992). A tale of two worlds: Core and periphery in the post-cold war era. International Organization, 46(2), 467–491. https://doi.org/10.1017/S0020818300027788
  • GOSWAMI, G. G., & HAIDER, S. (2014). Does political risk deter FDI inflow?: An analytical approach using panel data and factor analysis. Journal of Economic Studies, 41(2), 233-252. doi:10.1108/JES-03-2012-0041
  • HANIF, A., et. al., (2023). Military Expenditure and Unemployment Nexus in Bangladesh. Revista Finanzas Y Política Económica, 15(1), 157–184. https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.7
  • HARMS, P., & URSPRUNG, H. W. (2002). Do civil and political repression really boost foreign direct investments? Economic Inquiry, 40(4), 651-663.
  • HENISZ, W. J., & WILLIAMSON, O. E. (1999). Comparative economic organization—within and between countries. Business and Politics, 1(3), 261-278.
  • HOSSAIN, M. A. (2013). Democracy in Bangladesh: Problems & Prospects, Rajshahi University, Retrieved from: https://www.researchgate.net/publication/228771011_Democracy_in_Bangladesh_Problems_Prospects
  • ISLAM, M. S., et. al, (2021). Financial Development, International Trade and Economic Growth Nexus (1971-2016): Examining Bangladesh Perspective. Bangladesh Journal of Integrated Thoughts, 17(2).
  • JAKOBSEN, J., & DE SOYSA, I. (2006). Do foreign investors punish democracy? Theory and empirics, 1984–2001. Kyklos, 59(3), 383-410.
  • JENSEN, N. M. (2003). Democratic governance and multinational corporations: Political regimes and inflows of foreign direct investment. International organization, 57(03), 587-616.
  • KNACK, S., & KEEFER, P. (1997). Does inequality harm growth only in democracies? A replication and extension. American Journal of Political Science, 41(1), 323-332.
  • LI, Q. (2006). Democracy, autocracy, and tax incentives to foreign direct investors: A cross-national analysis. The Journal of Politics, 68(1), 62-74.
  • LI, Q., & RESNICK, A. (2003). Reversal of Fortunes: Democratic Institutions and Foreign Direct Investment Inflows to Developing Countries. International Organization, 57(1), 175–211. https://doi.org/10.1017/S0020818303571077
  • LI, Q., & REUVENY, R. (2003). Economic globalization and democracy: An empirical analysis. British journal of political science, 33(01), 29-54.
  • LILY, J., ET. AL (2014). Exchange rate movement and foreign direct investment in ASEAN economies. Economics Research International.
  • MACKINNON, J. G., et al., (1999). Numerical distribution functions of likelihood ratio tests for cointegration. Journal of Applied Econometrics, 563-577.
  • MATHUR, A., & SINGH, K. (2013). Foreign direct investment, corruption and democracy. Applied Economics, 45(8), 991-1002.
  • MENCINGER, J. (2003). Does Foreign Direct Investment Always Enhance Economic Growth? Kyklos, 56(4), 491-508. doi:10.1046/j.0023-5962.2003.00235.x
  • MENGISTU, A. A., & ADHIKARY, B. K. (2011). Does good governance matter for FDI inflows? Evidence from Asian economies. Asia Pacific Business Review, 17(3), 281–299. https://doi.org/10.1080/13602381003755765
  • MEYER, W. H. (1998). Human rights and international political economy in third world nations: multinational corporations, foreign aid, and repression: Praeger Publishers.
  • Nishat, S. A., et. al.,(2022). International Trade, FDI, Inflation and Growth Nexus: Bangladesh Perspective (1971-2016). JOEEP: Journal of Emerging Economies and Policy, 7(2), 334-351.
  • O'DONNELL, G. (1978). Reflections on the patterns of change in the bureaucratic-authoritarian state. Latin American Research Review, 13(1), 3-38.
  • OLSON, M. (1993). Dictatorship, Democracy, and Development. American Political Science Review, 87(3), 567–576. https://doi.org/10.2307/2938736
  • ONEAL, J. R. (1994). The affinity of foreign investors for authoritarian regimes. Political Research Quarterly, 47(3), 565-588.
  • SHARIF, T., & ABDULLAH, J. A. S. (2013). Human Resource Development and Economic Growth in Bangladesh: An Econometric Analysis. European Journal of Business and Management, 5(7), 133-144.
  • SOBEL, A. C. (2002). State institutions, private incentives, global capital: University of Michigan Press [book].
  • VASILIEVA, E., ET. AL., (2018). Development of the third sector: Social activity management. Journal of Social Sciences Research, (Special Issue 3), 364-368. doi:10.32861/jssr.spi3.364.368
  • WHEELER, D., & MODY, A. (1992). International investment location decisions: The case of US firms. Journal of international economics, 33(1-2), 57-76.
  • WorldBank. (2016). "World Development Indicators of world bank ". Retrieved from: http://data.worldbank.org/indicator/BX.KLT.DINV.CD.WD?locations=BD

Yıl 2023, Cilt: 7 Sayı: 2, 517 - 540, 27.12.2023

Zobayer Ahmed , Md Omor Hossen , Md Mostafa Faısal , Tasnima Jahan Suraıya

Öz

Anahtar Kelimeler

Bangladesh Democracy FDI Political rights civil liberties OLS ECM.

Kaynakça

  • ADAM, A., & FILIPPAIOS, F. (2007). Foreign direct investment and civil liberties: A new perspective. European journal of political economy, 23(4), 1038-1052.
  • AHUJA, H. L. (2016). Modern Economics–An Analytical Study. S. Chand Publishing.
  • ASIEDU, E., & LIEN, D. (2011). Democracy, foreign direct investment and natural resources. Journal of international economics, 84(1), 99-111.
  • BAUM, C. F. (2006). An introduction to modern econometrics using Stata. Stata press.
  • BLANTON, S. L., & BLANTON, R. G. (2006). Human rights and foreign direct investment: A two-stage analysis. Business & society, 45(4), 464-485.
  • BURKHART, R. E., & DE SOYSA, I. (Eds.). (2003). Open Borders, Open Regimes? Testing Causal Direction Between Globalization And Democracy, 1970-2000. Https://Doi.Org/10.22004/Ag.Econ.18729
  • BUSSE, M. (2003). Democracy and FDI. Available at SSRN 384480.
  • BUSSE, M. (2004). Transnational corporations and repression of political rights and civil liberties: An empirical analysis. Kyklos, 57(1), 45-65.
  • BUSSE, M., & HEFEKER, C. (2007). Political risk, institutions and foreign direct investment. European journal of political economy, 23(2), 397-415.
  • BÜTHE, T., & MILNER, H. V. (2008). The politics of foreign direct investment into developing countries: increasing FDI through international trade agreements? American Journal of Political Science, 52(4), 741-762.
  • CHAN, S., & MASON, M. (1992). Foreign direct investment and host country conditions: Looking from the other side now. International Interactions, 17(3), 215-232.
  • DUPASQUIER, C., & OSAKWE, P. N. (2006). Foreign direct investment in Africa: Performance, challenges, and responsibilities. Journal of Asian Economics, 17(2), 241–260. https://doi.org/10.1016/j.asieco.2005.07.002
  • EICHENGREEN, B. (2001). The Market and the Marshall Plan. In M. Schain (Ed.), The Marshall Plan: Fifty Years After (pp. 131–145). Palgrave Macmillan US.
  • FENG, Y. (2001). Political freedom, political instability, and policy uncertainty: A study of political institutions and private investment in developing countries. International Studies Quarterly, 45(2), 271-294.
  • FREEDOM-HOUSE. (2016). Freedom in the World 2016, Anxious Dictators, Wavering Democracies: Global Freedom under Pressure. Washington, DC http://freedomhouse. org/report/freedom-world/2016/russia (accessed March 16, 2016).
  • GOLDGEIER, J. M., & MCFAUL, M. (1992). A tale of two worlds: Core and periphery in the post-cold war era. International Organization, 46(2), 467–491. https://doi.org/10.1017/S0020818300027788
  • GOSWAMI, G. G., & HAIDER, S. (2014). Does political risk deter FDI inflow?: An analytical approach using panel data and factor analysis. Journal of Economic Studies, 41(2), 233-252. doi:10.1108/JES-03-2012-0041
  • HANIF, A., et. al., (2023). Military Expenditure and Unemployment Nexus in Bangladesh. Revista Finanzas Y Política Económica, 15(1), 157–184. https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.7
  • HARMS, P., & URSPRUNG, H. W. (2002). Do civil and political repression really boost foreign direct investments? Economic Inquiry, 40(4), 651-663.
  • HENISZ, W. J., & WILLIAMSON, O. E. (1999). Comparative economic organization—within and between countries. Business and Politics, 1(3), 261-278.
  • HOSSAIN, M. A. (2013). Democracy in Bangladesh: Problems & Prospects, Rajshahi University, Retrieved from: https://www.researchgate.net/publication/228771011_Democracy_in_Bangladesh_Problems_Prospects
  • ISLAM, M. S., et. al, (2021). Financial Development, International Trade and Economic Growth Nexus (1971-2016): Examining Bangladesh Perspective. Bangladesh Journal of Integrated Thoughts, 17(2).
  • JAKOBSEN, J., & DE SOYSA, I. (2006). Do foreign investors punish democracy? Theory and empirics, 1984–2001. Kyklos, 59(3), 383-410.
  • JENSEN, N. M. (2003). Democratic governance and multinational corporations: Political regimes and inflows of foreign direct investment. International organization, 57(03), 587-616.
  • KNACK, S., & KEEFER, P. (1997). Does inequality harm growth only in democracies? A replication and extension. American Journal of Political Science, 41(1), 323-332.
  • LI, Q. (2006). Democracy, autocracy, and tax incentives to foreign direct investors: A cross-national analysis. The Journal of Politics, 68(1), 62-74.
  • LI, Q., & RESNICK, A. (2003). Reversal of Fortunes: Democratic Institutions and Foreign Direct Investment Inflows to Developing Countries. International Organization, 57(1), 175–211. https://doi.org/10.1017/S0020818303571077
  • LI, Q., & REUVENY, R. (2003). Economic globalization and democracy: An empirical analysis. British journal of political science, 33(01), 29-54.
  • LILY, J., ET. AL (2014). Exchange rate movement and foreign direct investment in ASEAN economies. Economics Research International.
  • MACKINNON, J. G., et al., (1999). Numerical distribution functions of likelihood ratio tests for cointegration. Journal of Applied Econometrics, 563-577.
  • MATHUR, A., & SINGH, K. (2013). Foreign direct investment, corruption and democracy. Applied Economics, 45(8), 991-1002.
  • MENCINGER, J. (2003). Does Foreign Direct Investment Always Enhance Economic Growth? Kyklos, 56(4), 491-508. doi:10.1046/j.0023-5962.2003.00235.x
  • MENGISTU, A. A., & ADHIKARY, B. K. (2011). Does good governance matter for FDI inflows? Evidence from Asian economies. Asia Pacific Business Review, 17(3), 281–299. https://doi.org/10.1080/13602381003755765
  • MEYER, W. H. (1998). Human rights and international political economy in third world nations: multinational corporations, foreign aid, and repression: Praeger Publishers.
  • Nishat, S. A., et. al.,(2022). International Trade, FDI, Inflation and Growth Nexus: Bangladesh Perspective (1971-2016). JOEEP: Journal of Emerging Economies and Policy, 7(2), 334-351.
  • O'DONNELL, G. (1978). Reflections on the patterns of change in the bureaucratic-authoritarian state. Latin American Research Review, 13(1), 3-38.
  • OLSON, M. (1993). Dictatorship, Democracy, and Development. American Political Science Review, 87(3), 567–576. https://doi.org/10.2307/2938736
  • ONEAL, J. R. (1994). The affinity of foreign investors for authoritarian regimes. Political Research Quarterly, 47(3), 565-588.
  • SHARIF, T., & ABDULLAH, J. A. S. (2013). Human Resource Development and Economic Growth in Bangladesh: An Econometric Analysis. European Journal of Business and Management, 5(7), 133-144.
  • SOBEL, A. C. (2002). State institutions, private incentives, global capital: University of Michigan Press [book].
  • VASILIEVA, E., ET. AL., (2018). Development of the third sector: Social activity management. Journal of Social Sciences Research, (Special Issue 3), 364-368. doi:10.32861/jssr.spi3.364.368
  • WHEELER, D., & MODY, A. (1992). International investment location decisions: The case of US firms. Journal of international economics, 33(1-2), 57-76.
  • WorldBank. (2016). "World Development Indicators of world bank ". Retrieved from: http://data.worldbank.org/indicator/BX.KLT.DINV.CD.WD?locations=BD

Yıl 2023, Cilt: 7 Sayı: 2, 517 - 540, 27.12.2023

Zobayer Ahmed , Md Omor Hossen , Md Mostafa Faısal , Tasnima Jahan Suraıya

Öz

Anahtar Kelimeler

Bangladesh Democracy FDI Political rights civil liberties OLS ECM.

Kaynakça

  • ADAM, A., & FILIPPAIOS, F. (2007). Foreign direct investment and civil liberties: A new perspective. European journal of political economy, 23(4), 1038-1052.
  • AHUJA, H. L. (2016). Modern Economics–An Analytical Study. S. Chand Publishing.
  • ASIEDU, E., & LIEN, D. (2011). Democracy, foreign direct investment and natural resources. Journal of international economics, 84(1), 99-111.
  • BAUM, C. F. (2006). An introduction to modern econometrics using Stata. Stata press.
  • BLANTON, S. L., & BLANTON, R. G. (2006). Human rights and foreign direct investment: A two-stage analysis. Business & society, 45(4), 464-485.
  • BURKHART, R. E., & DE SOYSA, I. (Eds.). (2003). Open Borders, Open Regimes? Testing Causal Direction Between Globalization And Democracy, 1970-2000. Https://Doi.Org/10.22004/Ag.Econ.18729
  • BUSSE, M. (2003). Democracy and FDI. Available at SSRN 384480.
  • BUSSE, M. (2004). Transnational corporations and repression of political rights and civil liberties: An empirical analysis. Kyklos, 57(1), 45-65.
  • BUSSE, M., & HEFEKER, C. (2007). Political risk, institutions and foreign direct investment. European journal of political economy, 23(2), 397-415.
  • BÜTHE, T., & MILNER, H. V. (2008). The politics of foreign direct investment into developing countries: increasing FDI through international trade agreements? American Journal of Political Science, 52(4), 741-762.
  • CHAN, S., & MASON, M. (1992). Foreign direct investment and host country conditions: Looking from the other side now. International Interactions, 17(3), 215-232.
  • DUPASQUIER, C., & OSAKWE, P. N. (2006). Foreign direct investment in Africa: Performance, challenges, and responsibilities. Journal of Asian Economics, 17(2), 241–260. https://doi.org/10.1016/j.asieco.2005.07.002
  • EICHENGREEN, B. (2001). The Market and the Marshall Plan. In M. Schain (Ed.), The Marshall Plan: Fifty Years After (pp. 131–145). Palgrave Macmillan US.
  • FENG, Y. (2001). Political freedom, political instability, and policy uncertainty: A study of political institutions and private investment in developing countries. International Studies Quarterly, 45(2), 271-294.
  • FREEDOM-HOUSE. (2016). Freedom in the World 2016, Anxious Dictators, Wavering Democracies: Global Freedom under Pressure. Washington, DC http://freedomhouse. org/report/freedom-world/2016/russia (accessed March 16, 2016).
  • GOLDGEIER, J. M., & MCFAUL, M. (1992). A tale of two worlds: Core and periphery in the post-cold war era. International Organization, 46(2), 467–491. https://doi.org/10.1017/S0020818300027788
  • GOSWAMI, G. G., & HAIDER, S. (2014). Does political risk deter FDI inflow?: An analytical approach using panel data and factor analysis. Journal of Economic Studies, 41(2), 233-252. doi:10.1108/JES-03-2012-0041
  • HANIF, A., et. al., (2023). Military Expenditure and Unemployment Nexus in Bangladesh. Revista Finanzas Y Política Económica, 15(1), 157–184. https://doi.org/10.14718/revfinanzpolitecon.v15.n1.2023.7
  • HARMS, P., & URSPRUNG, H. W. (2002). Do civil and political repression really boost foreign direct investments? Economic Inquiry, 40(4), 651-663.
  • HENISZ, W. J., & WILLIAMSON, O. E. (1999). Comparative economic organization—within and between countries. Business and Politics, 1(3), 261-278.
  • HOSSAIN, M. A. (2013). Democracy in Bangladesh: Problems & Prospects, Rajshahi University, Retrieved from: https://www.researchgate.net/publication/228771011_Democracy_in_Bangladesh_Problems_Prospects
  • ISLAM, M. S., et. al, (2021). Financial Development, International Trade and Economic Growth Nexus (1971-2016): Examining Bangladesh Perspective. Bangladesh Journal of Integrated Thoughts, 17(2).
  • JAKOBSEN, J., & DE SOYSA, I. (2006). Do foreign investors punish democracy? Theory and empirics, 1984–2001. Kyklos, 59(3), 383-410.
  • JENSEN, N. M. (2003). Democratic governance and multinational corporations: Political regimes and inflows of foreign direct investment. International organization, 57(03), 587-616.
  • KNACK, S., & KEEFER, P. (1997). Does inequality harm growth only in democracies? A replication and extension. American Journal of Political Science, 41(1), 323-332.
  • LI, Q. (2006). Democracy, autocracy, and tax incentives to foreign direct investors: A cross-national analysis. The Journal of Politics, 68(1), 62-74.
  • LI, Q., & RESNICK, A. (2003). Reversal of Fortunes: Democratic Institutions and Foreign Direct Investment Inflows to Developing Countries. International Organization, 57(1), 175–211. https://doi.org/10.1017/S0020818303571077
  • LI, Q., & REUVENY, R. (2003). Economic globalization and democracy: An empirical analysis. British journal of political science, 33(01), 29-54.
  • LILY, J., ET. AL (2014). Exchange rate movement and foreign direct investment in ASEAN economies. Economics Research International.
  • MACKINNON, J. G., et al., (1999). Numerical distribution functions of likelihood ratio tests for cointegration. Journal of Applied Econometrics, 563-577.
  • MATHUR, A., & SINGH, K. (2013). Foreign direct investment, corruption and democracy. Applied Economics, 45(8), 991-1002.
  • MENCINGER, J. (2003). Does Foreign Direct Investment Always Enhance Economic Growth? Kyklos, 56(4), 491-508. doi:10.1046/j.0023-5962.2003.00235.x
  • MENGISTU, A. A., & ADHIKARY, B. K. (2011). Does good governance matter for FDI inflows? Evidence from Asian economies. Asia Pacific Business Review, 17(3), 281–299. https://doi.org/10.1080/13602381003755765
  • MEYER, W. H. (1998). Human rights and international political economy in third world nations: multinational corporations, foreign aid, and repression: Praeger Publishers.
  • Nishat, S. A., et. al.,(2022). International Trade, FDI, Inflation and Growth Nexus: Bangladesh Perspective (1971-2016). JOEEP: Journal of Emerging Economies and Policy, 7(2), 334-351.
  • O'DONNELL, G. (1978). Reflections on the patterns of change in the bureaucratic-authoritarian state. Latin American Research Review, 13(1), 3-38.
  • OLSON, M. (1993). Dictatorship, Democracy, and Development. American Political Science Review, 87(3), 567–576. https://doi.org/10.2307/2938736
  • ONEAL, J. R. (1994). The affinity of foreign investors for authoritarian regimes. Political Research Quarterly, 47(3), 565-588.
  • SHARIF, T., & ABDULLAH, J. A. S. (2013). Human Resource Development and Economic Growth in Bangladesh: An Econometric Analysis. European Journal of Business and Management, 5(7), 133-144.
  • SOBEL, A. C. (2002). State institutions, private incentives, global capital: University of Michigan Press [book].
  • VASILIEVA, E., ET. AL., (2018). Development of the third sector: Social activity management. Journal of Social Sciences Research, (Special Issue 3), 364-368. doi:10.32861/jssr.spi3.364.368
  • WHEELER, D., & MODY, A. (1992). International investment location decisions: The case of US firms. Journal of international economics, 33(1-2), 57-76.
  • WorldBank. (2016). "World Development Indicators of world bank ". Retrieved from: http://data.worldbank.org/indicator/BX.KLT.DINV.CD.WD?locations=BD
Toplam 43 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Ekonomi, Siyaset Bilimi, Asya Toplumu Çalışmaları, Küreselleşme, Uzakdoğu Çalışmaları
Bölüm Makaleler
Yazarlar

Zobayer Ahmed 0000-0002-3168-6055

Md Omor Hossen

Md Mostafa Faısal 0000-0002-0066-6721

Tasnima Jahan Suraıya 0000-0002-9767-6271

Erken Görünüm Tarihi 27 Aralık 2023
Yayımlanma Tarihi 27 Aralık 2023
Yayımlandığı Sayı Yıl 2023 Cilt: 7 Sayı: 2

Kaynak Göster

APA Ahmed, Z., Hossen, M. O., Faısal, M. M., Jahan Suraıya, T. (2023). DEMOCRACY AND FOREIGN DIRECT INVESTMENT (FDI) RELATIONSHIP: EMPIRICAL EVIDENCE FROM BANGLADESH (1975-2015). Uluslararası Kriz Ve Siyaset Araştırmaları Dergisi, 7(2), 517-540.
 Kapak Resmi İndir