The main aim and purpose of this seminar is to examine, analyze and present the impact of FDI Inward stock and ICT capital on the economic growth of an economy considering the sample countries. As a general structure, the essay would first give an introduction about economic Globalization and its indicators particularly focusing on FDI and ICT. On the literature review part of the essay, cited definitions and theoretical background of FDI and ICT are presented. In an attempt to strengthen the essay, a brief insight into Economic growth and the linkage between FDI, ICT and economic growth is included. The empirical analysis of this essay investigates econometric relations and presents econometric results from the conducted analysis based on the collected data from the sample countries. Growth accounting approach using supply-side Cobb-Douglas production function is applied to look at the economic impact of growth rate of FDI Inward stock and growth rate of ICT capital on economic growth.
The econometric analysis is structured in a way to first look at the separate impacts of the two independent variables on economic growth which is measured by growth rate of real GDP. Secondly, as a final model, the combined impact of the two independent variables on the growth rate of real GDP is presented and discussed. Standard panel data models are applied to investigate the empirical relationship pertaining to the selected BRICS countries (Brazil, Russia, India, China and South Africa). Data collected from year 1995 to 2015 is considered for the forthcoming econometric analysis. Finally, a summary of the work with conclusion and policy recommendation is given.
Inhaltsverzeichnis (Table of Contents)
- Abstract
- 1 Introduction
- 2 Literature review
- 2.1 Theoretical foundations and definitions.
- 2.2 Links between ICT, FDI and economic growth
- 3 Empirical analysis
- 3.1 Framework
- 3.2 The Research Question.
- 3.3 Methodology and scope
- 3.4 The Data
- 3.5 Model Specification.
- 3.5.1 Growth Accounting Specification
- 3.6 Econometric test and empirical result presentation
- 3.6.1 Econometric tests for model choice.
- 3.6.2 Empirical results
- 4 Summary, conclusion and recommendation
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This seminar aims to analyze the impact of Foreign Direct Investment (FDI) and Information Communication Technology (ICT) on the economic growth of BRICS countries. It explores the theoretical foundations and definitions of FDI and ICT, investigates the link between these factors and economic growth, and uses empirical analysis to examine their relationship in the context of BRICS nations.
- Economic globalization and its key indicators (FDI and ICT)
- The theoretical framework and definitions of FDI and ICT
- The relationship between FDI, ICT, and economic growth
- Empirical analysis of the impact of FDI and ICT on economic growth in BRICS countries
- Policy recommendations based on the findings
Zusammenfassung der Kapitel (Chapter Summaries)
The seminar begins with an introduction to economic globalization, highlighting its key indicators, including FDI and ICT. Chapter 2 delves into the theoretical foundations and definitions of these factors, discussing their impact on economic growth. Chapter 3 focuses on the empirical analysis of the relationship between FDI, ICT, and economic growth in BRICS countries.
Chapter 1 provides a comprehensive overview of economic globalization and its relevance in the modern era. It examines the evolution of economic globalization, emphasizing the role of international trade, foreign direct investment, technology transfer, and information communication technology. The chapter also highlights the importance of studying economic growth in developing economies, particularly in the context of BRICS countries.
Chapter 2 presents a detailed literature review, focusing on the theoretical foundations and definitions of foreign direct investment (FDI) and information communication technology (ICT). It explores the different interpretations and perspectives on these concepts, drawing from established academic sources and international organizations like the OECD.
Schlüsselwörter (Keywords)
The primary focus of this seminar is on the impact of Foreign Direct Investment (FDI) and Information Communication Technology (ICT) on economic growth. It specifically investigates these factors in the context of BRICS countries using a growth accounting approach and empirical analysis. Key themes and concepts include economic globalization, FDI inward stock, ICT capital, growth accounting, and panel data models.
- Quote paper
- Behailu Shiferaw Benti (Author), 2018, Impact of Foreign Direct Investment (FDI) and Information Communication Technology (ICT) on economic growth, Munich, GRIN Verlag, https://www.hausarbeiten.de/document/493933
