ธรรมาภบาลของภาครฐเปนหนงในปจจยสำคญทสงอทธพลตอการพฒนาเศรษฐกจและสงคมของประเทศ บทความเรองนไดทำการพจารณาธรรมาภบาลของภาครฐใน 213 ประเทศทวโลก ซงแบงออกเปน 6 มต ไดแก การควบคมการคอรปชนความมประสทธผลของภาครฐ การปราศจากความรนแรงและการกอการรายคณภาพในการควบคม การบงคบใชกฎหมาย และเสรภาพของประชาชนในการแสดงความคดเหน ซงทำการศกษาโดยธนาคารโลกภายใตโครงการ Worldwide Governance Indicators จากการพจารณาพบวาประเทศทพฒนาแลวมธรรมาภบาลของ ภาครฐสงกวาประเทศกำลงพฒนาเปนอยางมาก สะทอนใหเหนวา ธรรมาภบาลของภาครฐคอหนงในปจจยทชวยขบเคลอนการพฒนาเศรษฐกจและสงคมของประเทศนอกจากนยงพบวาประเทศไทยยงไมสามารถพงพอใจกบระดบของธรรมาภบาลของประเทศในปจจบนได เนองจากยงอยในระดบคอนขางตา Government Governance: An Implication from Worldwide Governance Indicators Government governance is one of the major determinants of the economic and social development of the nations. This article reviewed government governance of 213 countries worldwide which was categorized into six dimensions, including control of corruption, government effectiveness, political stability and absence of violence/terrorism, regulatory quality, rule of law and voice and accountability, based on the study of the World Bank under Worldwide Governance Indicators project. After the revision, it was found that developed countries had far higher government governance than developing countries, implying that government governance is one of the factors which drive the economic and social development of the nations. Moreover, Thailand could not yet be satisfied with its current government governance since its rank was quite low.

ธรรมาภิบาลของภาครัฐ: นัยจาก Worldwide Governance Indicators

1. A Theoretical Framework for Economic Development 2. A Comparative Perspective on Developing Economies 3. Population Growth and the Constraint of Natural Resources 4. Breaking the Resource Constraint 5. Capital Accumulation in Economic Development 6. Patterns and Sources of Technological Progress 7. Income Distribution and Environmental Problems 8. Market and State 9. The Role of Community in Economic Modernization 10. Tradition and Modernization: A Concluding Remark

Development economics : from the poverty to the wealth of nations

Of the foreign capital flows that are required for stimulating the process of economic growth, foreign direct investment (FDI) has been the most elected candidate that is often sought. This explains why so much effort has been geared towards its attraction thus paving the way for enquiry into its determinants. Arguably, apart from the conventional FDI-drivers, the importance of institutions has been grossly undermined. On this basis, the study sets out to unravel the causal linkage between institutions and FDI with a special focus on ECOWAS countries. The results showed the existence of prevalent weak governance structure among the ECOWAS countries. Further, on component-by-component basis, this result was robust to the decomposition of the governance indicator into the six sub-indices, namely: voice and accountability, political stability, government effectiveness, regulatory quality, rule of law and control of corruption. We split the sample size into low (poor institutions) and high regimes (be...

Institutions-FDI Nexus in ECOWAS Countries

International trade and carbon emissions: The role of Chinese institutional and policy reforms.

The purpose of this paper is to investigate the potential determinants of FDI, in developed and developing countries.,This paper investigates FDI determinants based on panel data analysis using static and dynamic modeling for 20 countries (11 developed and 9 developing), over the period 2004-2013. For static model estimations, Hausman (1978) test indicates the applicability of fixed effect/random effect, while generalized moments of methods (GMM) (dynamic model) is used to capture endogeneity and unobserved heterogeneity.,The outcome across different countries depicts diverse results. In developed countries, FDI seeks policy-related determinants (GDP growth, trade openness, and freedom index), and in developing country FDI showed positive association for economic determinants (gross fixed capital formulation (GFCF), trade openness, and efficiency variables).,The destination of FDI is limited to 20 countries in the present paper. The indicator of the institutional environment, namely economic freedom index, used in this paper has received some criticism in calculations.,The paper enlists recommendations for future FDI policies and may assist government in providing a tactical framework for skill development, thereby increasing manufacturing growth rate. The paper also throws light on vertical and horizontal capital inflows considering resource, strategy, and market-seeking FDI.,FDI may bring significant benefits by creating high-quality jobs, introducing modern production and management practices. It highlights how multinational corporations and government contribute to better working conditions in host countries.,The paper uncovers important features like macroeconomic variables, especially country-wise efficiency scores, policy variables, GFCF, and freedom index, for determining FDI inflows in 20 countries using panel data methods and provides a roadmap for developed and developing countries. The study highlights endogeneity and unobserved heteroscedasticity by applying GMM one- and two-step procedure.

Determinants of FDI in developed and developing countries: a quantitative analysis using GMM

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Determinants of foreign direct investment in BRICS economies: Analysis of economic, institutional and political factor

This paper explores the role of institutional and political factors in attracting foreign direct investment (FDI) in the economies of Brazil, Russia, India, China, and South Africa (BRICS) and the comparative importance of these factors in attracting FDI. This study uses panel data for a period of 10 years (2000–2010) in order to examine the significant determinants of FDI in BRICS from a holistic approach. Analysis has been done using the panel unit-root test and multiple regressions. This study takes into account Macroeconomic Stability (Inflation Rate), Political Stability/No Violence, Government Effectiveness, Regulatory Quality, Control of Corruption, Voice and Accountability, and Rule of Law as potential institutional and political determinants of FDI. These factors are based on their relative importance from previous empirical literature. The overall results show that two factors, namely Government Effectiveness and Regulatory Quality, are positively related to FDI inflow in BRICS. Three variables in the model, namely Political Stability, Voice and Accountability, and Control of Corruption, have a negative impact on FDI inflow in BRICS economies, which implies that these three factors are not important for attracting more FDI inflow.

Institutional and Political Determinants of Foreign Direct Investment: Evidence From BRICS Economies

Foreign direct investment (FDI) is a strategic decision for achieving competitive advantage by multinational enterprises. The purpose of this paper is to explore the role of institutional determinants of FDI using data from 24 emerging markets including China, India, Indonesia, Turkey, Thailand, Malaysia and Pakistan.,In order to identify factors that attract FDI in emerging markets, this study has used data from sources such as the World Bank, Index of Economic Freedom and UNCTAD.,The findings of this research indicate that infrastructure quality, trade cost measured by tariff and non-tariff barriers, institutional quality measured by effective rule of law, political stability, regulatory quality and control on corruption are significant determinants of FDI in emerging markets.,This is the first study to analyze the sectoral institutional determinants of Inward FDI in the important emerging economies, to the best of authors’ knowledge.

Institutional determinants of foreign direct investment inflows: evidence from emerging markets

The impact of new agricultural export policy on Indian agriculture exports

This study explores important determinants of Public–Private Partnership (PPP) in Indian Infrastructure This study used secondary data for a period of eleven years (2005–2016) to observe the important determinants in PPP in Infrastructure in India This study also examines the infrastructure scenario in India and its global comparison and tries to evaluate the impact of PPP on Infrastructure development This study uses secondary data from various sources like, World Bank, Global Competitiveness Report, Department of Economic Affairs, PPP Cell, and Infrastructure Division to identify various factors to attract more PPP in Indian Infrastructure Sector The findings from determinants of PPP analysis yield several insights about attracting PPP in Infrastructure sector and indicate that market size measured by Real GDP, Macroeconomic stability, Exchange Rate, Governance has a significant impact on determinants of PPP in Infrastructure sector

Pravin Jadhav

Papers

Determinants of foreign direct investment in BRICS economies: Analysis of economic, institutional and political factor

Institutional and Political Determinants of Foreign Direct Investment: Evidence From BRICS Economies

Institutional determinants of foreign direct investment inflows: evidence from emerging markets

The impact of new agricultural export policy on Indian agriculture exports

Determinants of Public–Private Partnership in Infrastructure: Empirical Evidences from India