Global Structural Shocks and FDI Dynamic Impact on Productive Capacities: An Application of CS-ARDL Estimation
نویسندگان
چکیده
The COVID-19 pandemic has inflicted structural shocks on the global economic system by raising high uncertainty. Policymakers are exploring alternative measures and incentivizing foreign direct investment for restoration of operations to achieve short- long-term growth. Given this, study examines response FDI inflow measure change in productive capacity. capacity is proxied change, private business sector, institutional quality, transportation infrastructure development, natural capital. implements empirical analysis a large panel 170 countries data set from 2000 2021. Furthermore, employed cross-sectional augmented auto-regressive distributed lag (CS-ARDL) econometric estimation method better examinations current changes an outbreak. From results study, estimations reveal that inward significant positive impact over infrastructure, capital FDI. In accordance with discussions, suggests several pragmatic policy implications maximum output utilizing as incentivized governments selected countries.
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ژورنال
عنوان ژورنال: Sustainability
سال: 2022
ISSN: ['2071-1050']
DOI: https://doi.org/10.3390/su15010283