European Proceedings of Social and Behavioural Sciences - 2023 : Revisiting Quality of Governance, Financial Development, Globalisations on Foreign Direct Investment

PM Dr. Farha, Abdol Ghafar (2023) European Proceedings of Social and Behavioural Sciences - 2023 : Revisiting Quality of Governance, Financial Development, Globalisations on Foreign Direct Investment. European Proceedings of Social and Behavioural Sciences, 131. pp. 849-867. ISSN 2357-1330

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Abstract

Foreign direct investments (FDI) are an essential element of global economic development. The impact of Quality of governance (QoG), Financial Development (FD) and Globalisation Nexus have been debated as the core stimulation of FDI in emerging economies. This study is intended to revisit the influence of QoG and FD and Globalisation Nexus towards FDI among emerging economies. We provide empirical evidence based on income level; Upper and lower-income countries, while considering non-linear relationships. We analysed 35 years of panel time-series data of 40 developing countries starting from 1984 to 2019 by splitting sample size into upper and lower middle-income countries. We applied cross sectional autoregressive distributed lags (CS-ARDL) for empirical analysis. The findings suggest that the QoG, FD and globalization nexus alone in the model are prominently stimulating FDI in both samples. In addition, we manifested the role of FD to QoG and globalization nexus as important in boosting FDI for both samples. This study attributes to the substantial contributions of government investment policy in the future.

Item Type:	Article
Uncontrolled Keywords:	CS-ARDL, Foreign Direct Investment, Financial Development, Globalization, ICRG, Quality Of Governance
Divisions:	Institute of Graduate Studies (IGS)
Depositing User:	LIBRARY2 UPTM
Date Deposited:	07 Jul 2025 02:54
Last Modified:	07 Jul 2025 02:54
URI:	http://eprints.kuptm.edu.my/id/eprint/4773

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