Foreign direct investment inflows in agriculture, agriculture growth, and poverty in selected sub-organization of Islamic cooperation countries

Foreign direct investment (FDI) inflows are used to address the economic problems, such as poverty and agriculture growth. Encouraging the FDI inflows in agriculture is the most effective way to address poverty and food deficit issues in the Organization of Islamic Cooperation (OIC). Generally, this...

Full description

Saved in:
Bibliographic Details
Main Author: Intan Maizura, Abdul Rashid
Format: Thesis
Language:eng
eng
Published: 2018
Subjects:
Online Access:https://etd.uum.edu.my/7663/1/s94966_01.pdf
https://etd.uum.edu.my/7663/2/s94966_02.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
id my-uum-etd.7663
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Abu Bakar, Nor Aznin
topic HB Economic Theory
spellingShingle HB Economic Theory
Intan Maizura, Abdul Rashid
Foreign direct investment inflows in agriculture, agriculture growth, and poverty in selected sub-organization of Islamic cooperation countries
description Foreign direct investment (FDI) inflows are used to address the economic problems, such as poverty and agriculture growth. Encouraging the FDI inflows in agriculture is the most effective way to address poverty and food deficit issues in the Organization of Islamic Cooperation (OIC). Generally, this study attempts to examine the three-way relationships among FDI inflows in agriculture, agriculture growth and poverty. Specifically, the objectives of the study are to investigate the role of agriculture growth and poverty to increase FDI inflows in agriculture; to determine the impacts of FDI inflows in agriculture and poverty on agriculture growth; to examine the influences of FDI inflows in agriculture and agriculture growth on the poverty levels; and to test the relationships among FDI inflows in agriculture, agriculture growth and poverty. The Fixed Effects Model and the system Generalized Method of Moments were used to empirically analyze the variables of interest. This study used panel data of 31 selected OIC countries for the period of 2000-2015. The framework of the study is based on the Keynesian and liberal framework, the Cobb–Douglas production framework and the Dunning Ownership, Location, and Internationalization (OLI) framework. The findings of the study show that agriculture growth and poverty have a significant relationship with the FDI inflows in agriculture; FDI inflows in agriculture and poverty influence agriculture growth; and agriculture growth and FDI inflows in agriculture have a negative significant relationship with the poverty. Moreover, FDI inflows in agriculture have bi-directional causal relationships between agriculture growth and poverty. Agriculture growth has a significant effect on FDI inflows in agriculture and poverty. There is a bi-directional causal relationship from poverty to agriculture growth. The findings of this study suggest a new trade policy recommendations for attracting FDI inflows in agriculture, whether it is targeting on agriculture growth or poverty reduction.
format Thesis
qualification_name Ph.D.
qualification_level Doctorate
author Intan Maizura, Abdul Rashid
author_facet Intan Maizura, Abdul Rashid
author_sort Intan Maizura, Abdul Rashid
title Foreign direct investment inflows in agriculture, agriculture growth, and poverty in selected sub-organization of Islamic cooperation countries
title_short Foreign direct investment inflows in agriculture, agriculture growth, and poverty in selected sub-organization of Islamic cooperation countries
title_full Foreign direct investment inflows in agriculture, agriculture growth, and poverty in selected sub-organization of Islamic cooperation countries
title_fullStr Foreign direct investment inflows in agriculture, agriculture growth, and poverty in selected sub-organization of Islamic cooperation countries
title_full_unstemmed Foreign direct investment inflows in agriculture, agriculture growth, and poverty in selected sub-organization of Islamic cooperation countries
title_sort foreign direct investment inflows in agriculture, agriculture growth, and poverty in selected sub-organization of islamic cooperation countries
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2018
url https://etd.uum.edu.my/7663/1/s94966_01.pdf
https://etd.uum.edu.my/7663/2/s94966_02.pdf
_version_ 1747828250898333696
spelling my-uum-etd.76632021-08-09T07:58:06Z Foreign direct investment inflows in agriculture, agriculture growth, and poverty in selected sub-organization of Islamic cooperation countries 2018 Intan Maizura, Abdul Rashid Abu Bakar, Nor Aznin Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HB Economic Theory Foreign direct investment (FDI) inflows are used to address the economic problems, such as poverty and agriculture growth. Encouraging the FDI inflows in agriculture is the most effective way to address poverty and food deficit issues in the Organization of Islamic Cooperation (OIC). Generally, this study attempts to examine the three-way relationships among FDI inflows in agriculture, agriculture growth and poverty. Specifically, the objectives of the study are to investigate the role of agriculture growth and poverty to increase FDI inflows in agriculture; to determine the impacts of FDI inflows in agriculture and poverty on agriculture growth; to examine the influences of FDI inflows in agriculture and agriculture growth on the poverty levels; and to test the relationships among FDI inflows in agriculture, agriculture growth and poverty. The Fixed Effects Model and the system Generalized Method of Moments were used to empirically analyze the variables of interest. This study used panel data of 31 selected OIC countries for the period of 2000-2015. The framework of the study is based on the Keynesian and liberal framework, the Cobb–Douglas production framework and the Dunning Ownership, Location, and Internationalization (OLI) framework. The findings of the study show that agriculture growth and poverty have a significant relationship with the FDI inflows in agriculture; FDI inflows in agriculture and poverty influence agriculture growth; and agriculture growth and FDI inflows in agriculture have a negative significant relationship with the poverty. Moreover, FDI inflows in agriculture have bi-directional causal relationships between agriculture growth and poverty. Agriculture growth has a significant effect on FDI inflows in agriculture and poverty. There is a bi-directional causal relationship from poverty to agriculture growth. The findings of this study suggest a new trade policy recommendations for attracting FDI inflows in agriculture, whether it is targeting on agriculture growth or poverty reduction. 2018 Thesis https://etd.uum.edu.my/7663/ https://etd.uum.edu.my/7663/1/s94966_01.pdf text eng public https://etd.uum.edu.my/7663/2/s94966_02.pdf text eng public http://sierra.uum.edu.my/record=b1698904~S1 Ph.D. doctoral Universiti Utara Malaysia Aassve, A., Engelhardt, H., Francavilla, F., Kedir, A., Kim, J., Mealli, F. & Prskawetz, A. (2005). Poverty and fertility in less developed countries: a comparative analysis. ISER Working Paper Series, 2005, 13. Aaron, C. (1999). The contribution of FDI to poverty alleviation. The Foreign Investment Advisory Service Reports, 1-20. Accolley, D., and Pearlman, J. (1997). the determinants and impact of foreign direct investment. london: london metropolitan university. Retrieved on May 2, 2008 from http://www.scribd.com/word/full/11495?access_ key=64vfkomsyp259. Addison, T., Khansnobis, G.B., & Mayrotas, G. (2006). Introduction and overview. World Economy, 29(1), 1-8. Adelman, I., & Yeldan, E. (2000). The minimal conditions for a financial crisis: A multiregional intertemporal CGE model of the Asian crisis. World Development, 28(6), 1087-1100. Agarwal, B. (1989). Rural women, poverty and natural resources: sustenance, sustainability and struggle for change. Economic and Political weekly, 46-65. Agénor, P. R. (2004). The economics of adjustment and growth. La Editorial, UPR, 22-45. Aitken, B., Hanson, G. H., & Harrison, A. E. (1997). Spillovers, foreign investment, and export behavior. Journal of International Economics, 43(1-2), 103-132. Aitken, B. J., & Harrison, A. E. (1999). Do domestic firms benefit from direct foreign investment? Evidence from Venezuela. American Economic Review, 89(3), 605-618. Akhar, H. M. (2000). The determinants of FDI in Pakistan: An econometrics analysis. The Lahore Journal of Economics, 5(1), 4-6. Akinlo, A. E. (2004). Foreign direct investment and growth in Nigeria: An empirical investigation. Journal of Policy Modeling, 26(5), 627-639. Alam, A., & Ali, S. (2013). Determinants of foreign direct investment in OECD member countries. Journal of Economic Studies, 40(4), 515-527. Albuquerque, R. (2003). The composition of international capital flows: risk sharing through foreign direct investment. Journal of International Economics, 61(2), 353-383. Aleksynska, M. (2003). Foreign direct investment and economic grow. The economies in transition (Doctoral dissertation, Economics Education and Research Consortium), 14-36. Alemayehu, G. (1999). Theories of the determinants of foreign direct investment and their relevance in African context. Economic Focus, 2(3), 5-6. Alesina, A., Devleeschauwer, A., Easterly, W., Kurlat, S., & Wacziarg, R. (2003). Fractionalization. Journal of Economic Growth, 8(2), 155-194. Alesina, A., & Perotti, R. (1996). Income distribution, political instability, and investment. European Economic Review, 40(6), 1203-1228. Alfaro, L., Chanda, A., Kalemli-Ozcan, S., & Sayek, S. (2004). FDI and economic growth: the role of local financial markets. Journal of International Economics, 64(1), 89-112. Alon, T. (2010). Institutional analysis and the determinants of Chinese FDI. Multinational Business Review, 18(3), 1-24. Alpay, S. (2013). OIC Economic Outlook 2013. OIC & SESRIC, Ankara, 3(6), 1-18. Altinay, G., & Karagol, E. (2004). Structural break, unit root, and the causality between energy consumption and GDP in Turkey. Energy Economics, 26(6), 985-994. Ang, J. B. (2008). Economic development, pollutant emissions and energy consumption in Malaysia. Journal of Policy Modeling, 30(2), 271-278. Antoniou, A., Guney, Y., & Paudyal, K. (2006). The determinants of debt maturity structure: Evidence from France, Germany and the UK. European Financial Management, 12(2), 161-194. Anwar, S. & Sun, S. (2011). Financial development, foreign investment and economic growth in Malaysia. The Journal of Finance, 38(1), 49-65. Apergis, N., & Payne, J. E. (2009). CO2 emissions, energy usage, and output in Central America. Energy Policy, 37(8), 3282-3286. Aqeel, A., & Nishat M. (2005). The determinants of foreign direct investment in Pakistan. The Pakistan Development Review, 43(4), 651-664. Arellano, M., & Bover, O. (1995). Another look at the instrumental variable estimation of error-components models. Journal of Econometrics, 68(1), 29-51. Asiedu, E. (2002). On the determinants of foreign direct investment to developing countries: is Africa different?. World Development, 30(1), 107-119. Asiedu, E. (2004). Policy reform and foreign direct investment in Africa: Absolute progress but relative decline. Development Policy Review, 22(1), 41-48. Asiedu, E. (2006). Foreign direct investment in Africa: The role of natural resources, market size, government policy, institutions and political instability. The World Economy, 29(1), 63-77. Ashley, A. (2008). Integrating pragmatism and ethics in entrepreneurial leadership for sustainable value creation. Journal of Business Ethics, 81(1), 235-246. Attanasio, O. (2004). Inequality, growth and redistributive policies. Poverty, Inequality and Growth, 179. Ayanwale, A. B. (2007). FDI and economic growth: Evidence from Nigeria, 17-35. Al-Shayaa, M. S., Baig, M. B., & Straquadine, G. S. (2012). Agricultural extension in the Kingdom of Saudi Arabia: Difficult present and demanding future. J. Anim. Plant Sci, 22(1), 239-246. Al Nasser, O. M. (2010). How does foreign direct investment affect economic growth? The role of local conditions. Latin American Business Review, 11(2), 111-139. Bae, M. T. (2008). Foreign direct investment inflows and ICT configurations. Pacific Focus, 17(2), 217-226. Bahmani-Oskooee, M., & Niroomand, F. (1999). Openness and economic growth: An empirical investigation. Applied Economics Letters, 6(9), 557-561. Baltagi, B. H. (2008). Forecasting with panel data. Journal of Forecasting, 27(2), 153-173. Balasubramanyam, V. N. (2001). Foreign direct investment in developing countries: Determinants and impact. New Horizons for Foreign Direct Investment, 548, 187. Barrios, S. (2000). Are there positive spillovers from foreign direct investment? Evidence from the Spanish experience (1990-1994). University of Manchester and University College Dublin, School of Economic Studies, Dover St. Building, University of Manchester, Oxford Road, Manchester M13 9PL. Barro, R. J., & Sala-i-Martin, X. (2004). Economic growth: MIT Press. Cambridge, Massachusettes, 6-34. Battat, J., & Aykut, D. (2005, November). Southern Multinationals: A growing phenomenon. South Multinationals: A Rising Force in The World Economy, 9-10. Baydildina, A., Akshinbay, A., Bayetova, M., Mkrytichyan, L., Haliepesova, A., & Ataev, D. (2000). Agricultural policy reforms and food security in Kazakhstan and Turkmenistan. Food Policy, 25(6), 733-747. Becker, G. S. (1964). Human capital theory. Columbia, New York, 1964. Bell, C., Timmer P. (1994). “Poverty distortions, revolt, and reform in agricultural land relations” in Behman and Strinivasan. Handbook of Agricultural Economics. 3b North-Holland, Amsterdam, 2661-2772. Belloumi, M. (2014). The relationship between trade, FDI and economic growth in Tunisia: An application of the autoregressive distributed lag model. Economic Systems, 38(2), 269-287. Beirhanu, N. (1999). Foreign direct investment in Ethiopia. In Alemayehu Geda (ed.). Economic Focus, 2(3), 1-10. Beirhanu, N. and Kibre, M. (2003). International competitiveness and the business climate in Ethiopia. Ethiopian Economic Association Working Paper No.1/2003, 22-30. Bekhet, H. A., & Othman, N. S. (2011). Causality analysis among electricity consumption, consumer expenditure, gross domestic product (GDP) and foreign direct investment (FDI): Case study of Malaysia. Journal of Economics and International Finance, 3(4), 228. Bende-Nabende, A., Ford, J. L., Santoso, B., & Sen, S. (2003). The interaction between FDI, output and the spillover variables: co-integration and VAR analyses for APEC, 1965- 1999. Applied Economics Letters, 10(3), 165-172. Bengoa, M., & Robles, B. (2003). Foreign direct investment, economic freedom and growth: new evidence from Latin America. European Journal of Political Economy, 19(3), 529-545. Benhabib, J., & Spiegel, M. M. (1994). The role of human capital in economic development evidence from aggregate cross-country data. Journal of Monetary Economics, 34(2), 143-173. Besley, T., & Burgess, R. (2003). Halving global poverty. The Journal of Economic Perspectives, 17(3), 3-22. Bhattacharya, A., Montiel, P., A. Mont, P.J & Sharma, S. (1996). How can Sub-Saharan Africa attract more private capital inflows? Finance & Development, 5-12. Blomstrom, M., Lipsey, R. E., & Zejan, M. (1992). What explains developing country growth? (No. w4132). National Bureau of Economic Research, 14-26. Blonigen, B. A. (1995). Explaining Japanese foreign direct investment in the United States. Unpub-lished Ph. D. Dissertation, University of California, Davis, 3-14. Blonigen, B. A. (1997). Firm-specific assets and the link between exchange rates and foreign direct investment. American Economic Review, 87, 447– 465. Blonigen, B. A., & Feenstra, R. C. (1996). Effects of U. S. trade protection and promotion policies, national bureau of economic research (Cambridge, M. A.) Working Paper, 5285, 6-31. Blundell, R., Duncan, A., McCrae, J., & Meghir, C. (2000). The labour market impact of the working families' tax credit. Fiscal Studies, 21(1), 75-104. Blundell, R., & Bond, S. (1998). Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics, 87(1), 115-143. Boermans, M. A., Roelfsema, H., & Zhang, Y. (2011). Regional determinants of FDI in China: a factor-based approach. Journal of Chinese Economic and Business Studies, 9(1), 23-42. Bond, S. R., & Windmeijer, F. (2002). Finite Sample Inference for GMM Estimators in Linear Panel Data Models, 75-104. Borensztein, E., De Gregorio, J., & Lee, J. W. (1998). How does foreign direct investment affect economic growth?, Journal of International Economics, 45(1), 115-135. Boskin, M. J., & Stein, H. (1987). Reagan and The Economy: The Successes, Failures, and Unfinished Agenda. San Francisco: ICS Press, 24-32. Breisinger C, von Rheenen T, Ringler C, Nin Pratt A, Minot N, Aragon C, et al. (2012) . Food security and economic development in the Middle East and North Africa. IFPRI Discussion Paper 00985, 1-15. Bruno, M., & Easterly, W. (1998). Inflation crises and long-run growth. Journal of Monetary Economics, 41(1), 3-26. Brown, R. L., Durbin, J., & Evans, J. (1975). Techniques for testing the constancy of regression relations over time. Journal of the Royal Statistical Society, 37, 149-163. Bruni, L. (2006). Civil happiness: economics and human flourishing in historical perspective. Routledge, 1-17. Calvo, C. C., & Hernandez, M. A. (2006). Foreign direct investment and poverty in Latin America. In The Globalisation and Economic Policy, Fifth Annual Postgraduate Conference, 21-22. Cameron, A. C., & Trivedi, P. K. (2005). Linear panel models: basics. Microeconometrics: Methods and Applications, 697-746. Carkovic, M., & Levine, R. (2002). Finance and growth: New evidence and policy analyses for Chile. Economic Growth: Sources, Trends, and Cycles, Santiago, Chile: Central Bank of Chile, 343-376. Castillo, V. L. G. (2014). The organization of Islamic cooperation in contemporary international society. Revista Electrónica De Estudios Internacionales (REEI), (27), 14-21. Chakrabarti, A. (2001). The determinants of foreign direct investments: Sensitivity analyses of cross- country regressions. Kyklos, 54(1), 89-114. Chaudhry, M. A., & Choudhary, M. A. S. (2006). Why the state bank of Pakistan should not adopt inflation targeting. SBP-Research Bulletin 2(1), 1-7. Checchi, D., De Simone, G., & Faini, R. (2007). Skilled Migration, FDI and Human Capital Investment, 1-11. Chhibber, A. and G. Nayyar, (2007). Pro-poor growth: Explaining the cross-country variation in the growth elasticity of poverty. Brooks World Poverty Institute Working Paper 14, 1-45. Choe, J. I. (2003). Do foreign direct investment and gross domestic investment promote economic growth?. Review of Development Economics,7(1), 44-57. Choi, C. (2006). Does foreign direct investment affect domestic income inequality?. Applied Economics Letters, 13(12), 811-814. Choong, C. K., & Lim, K. P. (2007). Foreign direct investment in Malaysia: an economic analysis. The IUP Journal of Applied Economics, 6(1), 74-85. Chowdhury, A., & Mavrotas, G. (2006). FDI and growth: What causes what?.The World Economy, 29(1), 9-19. Cline, W. R. (2004). Trade policy and global poverty. Peterson Institute, 8-22. COMCEC(2013) COMCEC Strategy : The experiences of TNP2K in the institutional system of SSN/social assistance programs: reforms and challenges. In The National Team for the Acceleration of Poverty Reduction (TNP2K). The 4" Comcec Meeting, Ankara. Culem, C. G. (1988). The locational determinants of direct investments among industrialized countries. European economic review, 32(4), 885-904. Coskun, Y. (2011). Is there a success story?. The Global Financial Crisis and the Turkish Housing Market, 8-22. Dabour, N. M. (2000). Eradication of poverty in the least developed and low-income OIC member countries. Journal of Economic Cooperation, 21(1), 57-96. Dar, H. A., Presley, J. R., & Malik, S. H. (2004). Determinants of FDI inflows to Pakistan (1970-2002), 48-84. De Mello Jr, L. R. (1997). Foreign direct investment in developing countries and growth: A selective survey. The Journal of Development Studies, 34(1), 1-34. Delgado, C., Hopkins J. and Kelly V. (1998). “Agricultural growth linkages in sub-Saharan Africa”. IFPRI Research Report 107, International Food Policy Research Institute, Washington DC, 2-37. Djokoto, J. G. (2012). Does causal relationships exist between external trade and foreign direct investment flow to agriculture in Ghana?. International Journal of Business and Management, 7(2), 179. Dollar, D., & Kraay, A. (2002). Growth is good for the poor. Journal of Economic Growth, 7(3), 195-225. Dries, L., & Swinnen, J. F. (2004). Foreign direct investment, vertical integration, and local suppliers: Evidence from the Polish dairy sector. World Development, 32(9), 1525-1544. Dreze, J., & Sen, A. (2002). India: Development and participation. Oxford University Press, USA. Dunning, J. H. (1977). Trade, location of economic activity and the MNE: A search for an eclectic approach. In The International Allocation of Economic Activity, 395-418. Dunning J. H. (1988). The eclectic paradigm of international production: A restatement and some possible extensions. Journal of International Business Studies, 19(1), 1-31. Dunning, J. H. (1993). Multinational enterprises and the global economy. Edward Elgar Publishing. Easterlin, R. A. (1981). Why isn't the whole world developed?. The Journal of Economic History, 41(1), 1-17. Easterly, W., & Levine, R. (1997). Africa's growth tragedy: policies and ethnic divisions. The Quarterly Journal of Economics, 1203-1250. Chebbi, H. (2010). Agriculture and economic growth in Tunisia. China Agricultural Economic Review, 2(1), 63-78. De Gregorio, J. (2005). The role of foreign direct investment and natural resources in economic development. In Multinationals and Foreign Investment in Economic Development, 179-197. Early, D. W., & Olsen, E. O. (2002). Subsidized housing, emergency shelters, and homelessness: An empirical investigation using data from the 1990 census. Advances in Economic Analysis & Policy, 2(1), 1-8. Eastwood, R., & Lipton, M. (2001). Demographic transition and poverty: effects via economic growth, distribution, and conversion, 47-66. Edwards, S. (1992). Trade orientation, distortions and growth in developing countries. Journal of Development Economics, 39(1), 31-57. Edwards, S. (1993). Openness, trade liberalization, and growth in developing countries. Journal of Economic Literature, 31(3), 1358-1393. Edwards, S. (1998). Openness, productivity and growth: what do we really know?. The Economic Journal, 108(447), 383-398. Engle, R., & Granger, C. (1987). Co-integration and error correction representation, test and telling. Econometrica, 55(2), 251-276. Erdal, D. & Mahmut, M. (2008). Determinants of Foreign Direct Investment Flows to Developing Countries: A Cross- Sectional Analysis. Prague Economic Papers, 4. Erdal, F., & Tatoglu, E. (2002). Locational determinants of foreign direct investment in an emerging market economy: Evidence from Turkey. Multinational Business Review, 10(1), 21. Erenberg, S. J. (1993). The real effects of public investment on private investment. Applied Economics, 23, 831-837. Epaulard, M. A. (2003). Macroeconomic performance and poverty reduction. International Monetary Fund, 21-33. Faeth, I. (2009). Determinants of foreign direct investment–a tale of nine theoretical models. Journal of Economic Surveys, 23(1), 165-196. Fan S, Rosegrant M (2008). Investing in Agriculture to Overcome the World Food Crisis and Reduce Poverty and Hunger Policy Brief . IFPRI, 33. FAO, I. (2010). WFP. The state of food insecurity in the world, 57. FAO, I. (2013). WFP. The state of food insecurity in the world, 214. FAO, I. (2014). WFP. The state of food insecurity in the world, 80. FAO, F. (2015). Food and agriculture organisation of the United Nations. Retrieved on, 15. FAO, S. (2013). FAOSTAT Database. Food and Agriculture Organization of the United Nations, Rome, Italy. FAO. 2009a.The State of Food and Agriculture —Livestock in the Balance, FAO, Rome. FAO.2009b.Report of the Sub-Regional Data Centers Coordinators Meeting (AFROFOODS).Call for Action from the Door of Return, Dakar, 10 December 2009. (Available at http://www.fao.org/infoods/AFROFOOD%20CALL%20APPEL.pdf). Farmer, J., Hickman-Brenner F., W., Kelly M T Greer & E. Thorbeck (1989). Rural community poverty: a LISREL measurement model. Rural Sociology, 54, 491–508. Felloni, F., Wahl, T., Wandschneider, P., & Gilbert, J. (2001). Infrastructure and agricultural production: cross-country evidence and implications for China. TW. 103. Foster, J. E. (1998). Absolute versus relative poverty. The American Economic Review, 88(2), 335-341. Frankel, J. A., & Romer, D. H. (1999). Does trade cause growth?. American Economic Review, 89(3), 379-399. Freeman, W. M., Brebner, K., Lynch, W. J., Robertson, D. J., Roberts, D. C. S., & Vrana, K. E. (2001). Cocaine-responsive gene expression changes in rat hippocampus. Neuroscience, 108(3), 371-380. Friedman, M. Capitalism and Freedom. (1962) Chicago: University of Chicago Press. Froot, K. A., & Stein, J. C. (1991). Exchange rates and foreign direct investment: An imperfect capital markets approach. Quarterly Journal of Economics, 106, 1191–1217. Fung, C. K., Herrero, G.A., IIzakas, H., & Siu, A. (2005). Hard or Soft? Institutional Reforms and Infrastructure Spending as Determinants of Foreign Direct Investment in China. Japanese Economic Review, 56(4), 408-416. Galbraith J. (1958). The Affluent society. New York Houghton Mifflin Company. Gallup, J.L, Radelet S. & Warner A. (1997). “Economic growth and the income of the poor”. CAER II Discussion Paper No. 36. Harvard Institute for International Development, Boston MA, 57. Gallup, J. L., Sachs, J. D., & Mellinger, A. D. (1999). Geography and Economic Development. International Regional Science Review, 22(2), 179-232. Gallup, J. L., & Sachs, J. D. (2000). Agriculture, climate, and technology: why are the tropics falling behind?. American Journal of Agricultural Economics, 82(3), 731-737. Garavan, T. N., Morley, M., Gunnigle, P., & Collins, E. (2001). Human capital accumulation: the role of human resource development. Journal of European Industrial Training, 25(4), 48-68. Gerlach, A. C., & Liu, P. (2010). Resource-seeking foreign direct investment in African agriculture. A review of country case studies. FAO Commodity and Trade Policy Research Working Paper, 31. Gibbert, M. (2006). Generalizing about uniqueness an essay on an apparent paradox in the resource-based view. Journal of Management Inquiry, 15(2), 124-134. Ghatak, A., & Halicioglu, F. (2007). Foreign direct investment and economic growth: some evidence from across the world. Global Business and Economics Review, 9(4), 381-394. Ghura, Dhaneshwar, Michael T. Hadjimichael, Martin Muhleisen, Roger Nord, and Murat E. Ucer. (2003). Sub-Saharan Africa: Growth, savings, and investment, 1986-93. International Monetary Fund Occasional Paper No. 118. Globerman, S. 1979. “Foreign direct investment and spillover efficiency benefit in Canadian manufacturing industries”. Canadian Journal of Economics, 12: 42-56. Göçer, I., Mercan, M., & Peker, O. (2014). Effect of foreign direct investments on the domestic investments of developing countries: A dynamic panel data analysis (i). Journal of Economic and Social Studies, 4(1), 69. Goldberg, P. K., & Pavcnik, N. (2004). Trade, inequality, and poverty: What do we know? Evidence from recent trade liberalization episodes in developing countries. National Bureau of Economic Research, 55. Goldstein, A., & Pusterla, F. (2010). Emerging economies' multinationals: General features and specificities of the Brazilian and Chinese cases. International Journal of Emerging Markets, 5(3/4), 289-306. Gollin, D., Parente, S., & Rogerson, R. (2002). The role of agriculture in development. The American Economic Review, 92(2), 160-164. Greene, J. C. (2007). Mixed methods in social inquiry. John Wiley & Sons. Goss, E., Wingender, J. R., & Torau, M. (2007). The contribution of foreign capital to US productivity growth. The Quarterly Review of Economics and Finance, 47(3), 383-396. Grossman, G. M., & Helpman, E. (1990). Trade, innovation, and growth. The American Economic Review, 80(2), 86-91. Goswami, 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. Gruen, C., & Klasen, S. (2008). Growth, inequality, and welfare: comparisons across space and time. Oxford Economic Papers, 60(2), 212-236. Gujarati, D. N. (2009). Basic Econometrics. Tata McGraw-Hill Education, 22-44. Hakan. (2003). Sowing date and nitrogen rate effects on growth, yield and yield components of two summer rapeseed cultivars. European Journal of Agronomy, 19(3), 453-463. Haktanir, T. (2003). Divergence criteria in extreme rainfall series frequency analyses. Hydrological Sciences Journal, 48(6), 917-937. Hallam, D. (2009, December). Foreign investment in developing country agriculture: issues, policy implications and international response. In Organisation for Economic Development and Cooperation. 8th Global Forum on International Investment, 7-8. Hansen, L. P. (1982). Large sample properties of generalized method of moments estimators. Econometrica: Journal of the Econometric Society, 1029-1054. Hansen, H., & Rand, J. (2006). On the causal links between FDI and growth in developing countries. The World Economy, 29(1), 21-41. Harrison, Andrew L., Dalkiran, Ertugrul and Elsey, Ena (2000). International business: Global competition from a European perspective. Oxford University Press. Haughwout, A. F. (2001). Infrastructure and social welfare in Metropolitan America. Economic Policy Review, 7(3), 43-54. Hausmann, R. & Fernandez, E. (2000). Foreign direct investment: Good cholesterol, Inter- American Development Bank Working Paper, 417, 1-20. Haveman, R., & Schwabish, J. (2000). Has macroeconomic performance regained its antipoverty bite?. Contemporary Economic Policy, 18(4), 415. Hazell, P., & Ramaswamy, C. (1991). The Green Revolution Revisited. Holland, D., & Pain, N. (1998). The diffusion of innovations in Central and Eastern Europe: A study of the determinants and impact of foreign direct investment. National Institute of Economic and Social Research, 15. Houssem (2010). "The impact of foreign direct investment and portfolio investment on economic growth in developing and developed economies." Interdisciplinary Journal of Research in Business 1.6, 10-17. Huber, E., & Stephens, J. D. (2001). 4 Welfare State and Production Regimes in the Era of Retrenchment. The New Politics of the Welfare State, 107. Hung, T. T. (2005). Impacts of foreign direct investment on poverty reduction in Vietnam. Discussed paper GRIPS, 1-19. Hsiao, C. (1986). Analysis of Panel Data. Econometric Society Monograph, 11, 1-6. IFC and FIAS (1997). IFC lessons of Experience 5, Foreign Direct Investment. Washington D.C ,USA. Ihsanoglu, E. (2010). The Islamic World in the New Century: The Organisation of the Islamic Conference. Hurst Publisher, 1-10. IMF (1993). Loan and Investment in a Developing Economy: An Ethiopian Perspective, 1-6. Iwanow, T., & Kirkpatrick, C. (2006). Trade facilitation, regulatory quality and export performance. Journal of International Development, 19(6), 735-753. Jefferson, P. N. (2012). The Oxford handbook of the economics of poverty. Oxford University Press on Demand. Jenkins, C. (2002). Foreign direct investment in Southern Africa: determinants, characteristics and implications for economic growth and poverty alleviation. CSAE, University of Oxford, 5-20. Johansen, S., & Juselius, K. (1990). maximum likelihood estimation and inference on cointegration with application for the demand for money. Oxford Bulletin of Economics and Statistics, 52, 169-210. Kakwani, Nanak (2000). "Growth and poverty reduction: an empirical analysis." Asian Development Review, 2000, 18(2). Kanbur, R. (2000). The World Bank and poverty reduction: past, present and future. The World Bank: Structure and Policies, 87-107. Kasprzyk, D. (1989). Panel surveys. Wiley-Interscience, 227, 2-8. Kenneth, J. (1958). The affluent society. Kerr, J. (2003). Price policy, irreversible investment, and the scale of agricultural mechanization in Egypt. In Food, Agriculture, and Economic Policy in the Middle East and North Africa, 161-185. Keynes, J. M. (1964). Keynes' general theory; reports of three decades. Khadaroo, A. J., & Seetanah, B. (2010). Transport infrastructure and foreign direct investment. Journal of International Development, 22, 103–123. Khadaroo, A. J., & Seetanah, B. (2008). Transport and economic performance: the case of Mauritius. Journal of Transport Economics and Policy, 42(2), 1-13. Khan, H. A., & Kim, Y. (1999). EDRC (Report Series No. 66). Kholdy, S. (1995). Causality between foreign investment and spillover efficiency. Applied Economics, 27(8), 745-749. Khan, R. E. A., & Sattar, R. (2010). Trade, Growth and Povety: A Case of Pakistan. Kinoshita, Y. (1998). Micro-determinants of Japanese foreign direct investment in Asia. Eastern Economic Association and Japan Economic Seminar at Columbia University, 1-10. Kinoshita, Y., & Lu, C. H. (2006). On the role of absorptive capacity: FDI matters to growth. Klein, M. U., Aaron, C., & Hadjimichael, B. (2001). Foreign direct investment and poverty reduction (Vol. 2613). World Bank Publications. Klein E, Kreinin I, Chistyakov A, Koren D, Mecz L, Marmur S, Ben-Shachar D, Feinsod M (1999) Therapeutic efficacy of right prefrontal slow repetitive transcranial magnetic stimulation in major depression: a doubleblind controlled study. Arch Gen Psychiatry 56, 315–320. Kok, R., & Ersoy, A. B. (2009). Analyses of FDI determinants in developing countries. International Journal of Social Economics, 36(1/2), 105 – 123. Kraay, A. (2006). When is growth pro-poor? Evidence from a panel of countries. Journal of Development Economics, 80(1), 198-227. Krugman, Paul R. (1981). ?Trade, Accumulation, and Uneven Development. Journal of Development Economics, 8,149-161. Krugman, Paul R. (1998): "The narrow moving band, the Dutch disease, and the consequences of Mrs. Thatcher: notes on trade in the presence of scale economies," Journal of Development Economics, 27, 41-55. Kumar, N. (2001). Infrastructure availability, foreign direct investment inflows and their export-orientation: a cross-country exploration. Research and Information System for Developing Countries, New Delhi, November 2001. Kyrkilis, D., & Pantelidis, P. (2003). Macroeconomic determinants of outward foreign direct investment. International Journal of Social Economics, 30(7), 827-836. Kyereboah-Coleman, A., & Agyire-Tettey, F., K. (2008). Effect of exchange-rate volatility on foreign direct investment in Sub-Saharan Africa. The case of Ghana, Journal of Risk Finance, 9(1), 52 – 70. Kyzyma, I. (2014). Changes in the patterns of poverty duration in Germany, 1992–2009. Review of Income and Wealth, 60(S2). Jinayu, Ouyang(1997). FDI in China and its impact on manufacturing growth. ISS Working paper, series no 237. The Hague, Netherlands .Retrieved on December 20,2008 from http://biblio.iss.nl/opac/uploads/wp/wp237.pdf. Lee, G. H. (2013). Have economic growth and institutional quality contributed to poverty and inequality reduction in Asia?. Journal of Asian Economics, 27, 71-86. Lempert, R. (1966). “Strategies of research design in the legal impact study: The control of plausible rival hypotheses.” Law and Society Review 1,111-132. Li, S., & Park, S. H. (2006). Determinants of locations of foreign direct investment in China. Management and Organization Review, 2, 95-119. Licai, Wen, S., & Xiong, Q. (2010). Determinants and performance index of foreign direct investment in China's agriculture. China Agricultural Economic Review, 2(1), 36-48. Ligon, E. A., & Sadoulet, E. (2007). Estimating the effects of aggregate agricultural growth on the distribution of expenditures. Available at SSRN 1769944. Lim, David. 1983. Fiscal incentives and direct foreign investment in less developed countries. Journial of Developientt Studies, 207-12. Lin, L., Thirtle, C., & Wiggins, S. (2001). Agricultural productivity growth and poverty alleviation.” Development Policy Review, 19(4), 449-466. Lindert, P. H., & Williamson, J. G. (2001). Globalization and inequality: A long history. World Bank. Lipsey, R. E. (2000). Inward FDI and economic growth in developing countries. Transnational Corporations, 9(1), 67-96. Li, X., & Liu, X. (2005). Foreign direct investment and economic growth: an increasingly endogenous relationship. World Development, 33(3), 393-407. Liu, L. G. & Li, U. (2006). Determinants of foreign direct investment in East Asia: did China crowd out FDI from her developing East Asian neighbours, 0617, 13-19. Liu, K., Daly, K., & Varua, M. E. (2012). Determinants of regional distribution of FDI inflows across China’s four regions. International Business Research, 5(12), 119. Loayza, N. V. (2010). The composition of growth matters for poverty alleviation. Journal of Development Economics, 93(1), 137-151. Lokesha, B.K., & Leelavathi, D.S. (2012). Determinants of foreign direct investments- A macro perspective. Indian Journal of Industrial Relations, 47 (3), 459-469. Loree, D. W., & Guisinger, S. E. (1995). Policy and non-policy determinants of US equity foreign direct investment. Journal of International Business Studies, 26(2), 281-299. Lööf, H., Johansson, B., & Ebersberger, B. (2006). Does Ownership Matter? The Impact of Foreign Takeovers on Innovation and Productivity Performance, 28-39. Lucas, R. E. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3-42. Lunn, J. (1983). Determinants of US direct investment in the EEC: Revisited again. European Economic Review, 21(3), 391-393. Lydall, H. (1968). The structure of earnings. Clarendon Press. Machin, S. (2009). Academy schools and pupil performance. Centre for Economic Performance, LSE, 280. Machin, S., & Reenen, J. (2010). Inequality: still higher, but labour's policies kept it down. Mah, J. S. (2002). The impact of globalization on income distribution: the Korean experience. Applied Economics Letters, 9(15), 1007-1009. Mahadevan, R., & Asafu-Adjaye, J. (2007). Energy consumption, economic growth and prices: a reassessment using panel VECM for developed and developing countries. Energy Policy, 35(4), 2481-2490. Maher, Maria (2001), The benefits and costs of foreign direct investment: A survey, OECD directorate for financial, fiscal and enterprise affairs’ committee on international investment and multinational enterprises, DAFFE/IME (2001), 21. Makabenta, P. M. (2002). FDI location and special economic zones in the Philippines. Review of Urban and Regional Development Studies, 14(1), 59-77. Makki, S., Somwaru, A., 2004. Impact of foreign direct investment and trade on economic growth: Evidence from developing countries. American Journal of Agricultural Economics, 86(3), 795–801. Maniam, B. (1998). The determinants of US foreign investment in India: implications and policy issues. Managerial Finance, 24(7), 53-62. Mankiw, G., Romer, D., Nicoletti, G. and Weil, D. (1992). “A Contribution to the Empirics of Economic Growth”, Quarterly Journal of Economics, 107 (2), 407-437. Marques, A. C. (2010). Motivations driving renewable energy in European countries: A panel data approach. Energy Policy, 38(11), 6877-6885. Masron, T. A., & Abdullah, H. (2010). Institutional quality as a determinant for FDI inflows: evidence from ASEAN. World Journal of Management, 2(3), 115-128. McDowell, M. (1995). The economic burden imposed by a residual case of eastern encephalitis. The American Journal of Tropical Medicine and Hygiene, 52(1), 8-13. Menezes-Filho, N., Ulph, D. and Van Reenen, J. (2004), ‘The determination of R&D: Empirical evidence on the rule of unions’, European Economic Review, vol. 42, 919-30. Mercereau, B. (2005). FDI Flows to Asia: Did the Dragon crowd out the Tigers?. International Monetary Fund, 5. Menyah, K., & Wolde-Rufael, Y. (2010). Energy consumption, pollutant emissions and economic growth in South Africa. Energy Economics, 32(6), 1374-1382. Milanovic, B. (2002). True world income distribution, 1988 and 1993: First calculation based on household surveys alone. The Economic Journal, 112(476), 51-92. Miller C, Richter S, McNellis PE, Mhlanga N (2010). Agricultural investment funds for developing countries, FAO, 5-9. Mills, S. J., Patankar, T. A., Haroon, H. A., Balériaux, D., Swindell, R., & Jackson, A. (2006). Do cerebral blood volume and contrast transfer coefficient predict prognosis in human glioma?. American Journal of Neuroradiology, 27(4), 853-858. Minsky, H. P. (1965). The role of employment policy. Poverty in America, 175-200. Minsky, H. P. (1973). The strategy of economic policy and income distribution. The Annals of the American Academy of Political and Social Science, 409(1), 92-101. Minsky, M. L. (1968). Matter, minds, models, 2-11. Mirza, D., Nicoletti, G., Golub, S. S., Hajkova, D., & Yoo, K. Y. (2003). Policies and International Integration: Influences on Trade and Foreign Direct Investment, 2-23. Miyamoto, K. (2003). Human capital formation and foreign direct investment in developing countries, 1-2. Mlambo, K. (2006). Reviving foreign direct investments in Southern Africa: Constraints and policies. African Development Review, 17(3), 552-579. Morrison, C., & Schwartz, A. (1996). State infrastructure and productive performance. American Economic Review, 86(5). Morrisset, P. (2000). Foreign Direct Investment to Africa: Policies also Matter. Transnational Corporation, 9(2), 107-125. Murray, C. A. (1984). Losing ground: American social policy, 1950-1980. Musila, J. W., & Sigué, S. P. (2006). Accelerating foreign direct investment flow to Africa: from policy statements to successful strategies. Managerial Finance, 32(7), 577-593. Mwilima, Ntwala (2003). Foreign direct investment in Africa. Labor resource and research institute (LaRRI). Africa Labour Research Network, 10-15. Reichert, U., & Weinhold, D. (2001). Causality tests for cross- country panels: A new look at FDI and economic growth in developing countries. Oxford Bulletin of Economics and Statistics, 63(2), 153-171. Naudé, W. A., & Krugell, W. F. (2007). Investigating geography and institutions as determinants of foreign direct investment in Africa using panel data. Applied Economics, 39(10), 1223-1233. Nelson, R. R., & Pack, H. (1999). The Asian miracle and modern growth theory. The Economic Journal, 109(457), 416-436. Neuhaus, M. (2006). The impact of FDI on economic growth: an analysis for the transition countries of Central and Eastern Europe. Springer Science & Business Media, 23-33. Nguyen, T. P. (2003). Contribution of foreign direct investment to poverty reduction: The case of Vietnam in the 1990s. Foreign Direct Investment: Theory, Empirical Evidence and Policy Implications, Verlag fuer Wissenschaft UN, 16-36. Nicita, A. (2004). Who benefited from trade liberalization in Mexico?: Measuring the effects on household welfare. World Bank Publications, 3265, 11. Nickell, S. (1981). Biases in dynamic models with fixed effects. Econometrica: Journal of the Econometric Society, 1417-1426. Nissanke, M., & Thorbecke, E. (2010). Globalization, poverty, and inequality in Latin America: Findings from case studies. World Development, 38(6), 797-802. Noorbakhsh, F. Paloni, A. and Youssef, A. (2001). Human capital and fdi inflows to developing countries: New empirical evidence. World Development, 29(9), 1593-1601. Nunes, C., L., Oscategui, J. & Peschiera, J. (2006). Determinants of FDI in Latin America, Documento De Trabajo, 252. Obwona, M. B. (2003). Determinants of FDI and their Impact on Economic Growth in Uganda. African Development Review, 13, 46–81. ODI (1997), "Foreign Direct Investment Flows to Low-Income Countries: A Review of the Evidence." http://www.odi.org.uk/publications/briefing/3_97.html. OECD 2011. Green Growth Strategy for Food and Agriculture. Preliminary Report. OECD, Paris, France, 46–81. Olofsdotter, K. (1998). Foreign direct investment, country capabilities and economic growth. Review of World Economics, 134(3), 534-547. Omri, A. (2013). The nexus among foreign investment, domestic capital and economic growth: Empirical evidence from the MENA region. Research in Economics, 68(3), Omri, A., & Kahouli, B. (2014). Causal relationships between energy consumption, foreign direct investment and economic growth: Fresh evidence from dynamic simultaneousequations models. Energy Policy, 67, 257-263. Omri, A., Nguyen, D. K., & Rault, C. (2014). Causal interactions between CO 2 emissions, FDI, and economic growth: Evidence from dynamic simultaneous-equation models. Economic Modelling, 42, 382-389. Overend, C., Connor, J.M. and Salin, V. (1997), “Foreign direct investment and US exports of processed foods: complements or substitutes?”, in Henneberry, S.R. (Ed.), Foreign direct investment and processed food trade. Conference Proceedings of the NCR-182 “Organization and Performance of World Food Systems, Oklahoma State University, Stillwater, 32-38. Pagoulatos, E. (1983), “FDI in United states food and tobacco manufacturing and domestic economic performance”, American Journal of Agricultural Economics, 65, 11. Pan-Long, T. (1995). Foreign direct investment and income inequality: further evidence. World Development, 23(3), 469-483. Pasha, H. A., & Palanivel, T. (2003). Macroeconomics of Poverty Reduction: An Analysis of the Experience in 11 Asian Countries, 3. Pemberton, S., Fahmy, E., Sutton, E., & Bell, K. (2016). Navigating the stigmatised identities of poverty in austere times: Resisting and responding to narratives of personal failure. Critical Social Policy, 36(1), 21-37. Pervez, S., & Rizvi, S. B. (2014). An Empirical Analysis on Determinants of Poverty: A Co-Integration Analysis. Issues, 2(1). Pesaran, M. H., & Pesaran, B. (1997). Working with microfit 4.0: Interactive econometric analysis; [windows version]. Oxford University Press. Pesaran, H. M., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of long-run relationships. Journal of Applied Econometrics, 16, 289-326. Pesaran, M. H., Shin, Y., & Smith, R. J. (1996). Testing For The ‘existence of A Long-Run Relationship, 9622. Persky, J. D. (2004). Ghosts that slay: A contemporary look at state advisory opinions. Conn. L. Rev., 37, 1155. Pfaffermayr, M. (1994). Foreign direct investment and exports: a time series approach. Applied Economics, 26(4), 337-351. Porto, G. G. (2005). Informal export barriers and poverty. Journal of International Economics, 66(2), 447-470. Quazi, R. (2005). Economic freedom and foreign direct investment in East Asia, college of business, prairie view A&M University, prairie view, Texas. In USA International Academy of Business and Public Administration Disciplines (IABPAD) Meetings. Quere, B. A., Gobalraia, N., & Trannoy, A. (2007). Tax and public input competition. Economic Policy, 22(50), 385-430. Radwan, S. (1995). Challenges and scope for an employment-intensive growth strategy. Employment for poverty reduction and food security. J. Von Braun (ed.), Washington DC, International Food Policy Research Institute, 21-45. Rahman, R. I. (2000). Bangladesh institute of development studies. Poverty alleviation and empowerment through microfinance: two decades of experience in Bangladesh, 20. Ranjan, V., & Agrawal, G. (2011). FDI inflow determinants in BRIC countries: A panel data analysis. International Business Research, 4(4), 255. Rashid, I. M. A., & Razak, N. A. A. (2016). Determinants of foreign direct investment (FDI) in agriculture sector based on selected high-income developing economies in OIC countries: An empirical study on the provincial panel data by using STATA, 2003- 2012. Procedia Economics and Finance, 39, 328-334. Ravallion, M., & Chen, S. (1997). What can new survey data tell us about recent changes in distribution and poverty?. The World Bank Economic Review, 11(2), 357-382. Ravallion, M. (2001). Growth, inequality and poverty: looking beyond averages. World development, 29(11), 1803-1815. Ravallion, M., & Datt, G. (2002). Why has economic growth been more pro-poor in some states of India than others?. Journal of Development Economics, 68(2), 381-400. Reinstadler, A., & Ray, J. C. (2010). LISER. Macro Determinants of Individual Income Poverty in 93 Regions of Europe, 2010, 13. Ren, J., & Pentecost, E. (1991). The determinants of foreign direct investment in China. Statistics, 1984(2693.25), 1992-2006. Resmini, L. (2000). The determinants of foreign direct investment in the CEECs: New evidence from sectoral patterns. Economics of Transition, 8(3), 665-689. Rodriguez, X. A., & Pallas, J. (2008). Determinants of foreign direct investment in Spain. Applied Economics, 40(19), 2443-2450. Rodrik, D. (1992). Distribution, political conflict, and economic growth: A simple theory and some empirical evidence. Political Economy, Growth, And Business Cycles, 23-50. Roemer, M., & Gugerty, M. K. (1997). Does economic growth reduce poverty?. CAER II, 499. Rogmans, T., & Ebbers, H. (2013). The determinants of foreign direct investment in the Middle East North Africa region. International Journal of Emerging Markets, 8(3), 240-257. Romer, P. (1990). Are nonconvexities important for understanding growth?. National Bureau of Economic Research, 32, 71. Roodman, D. (2009). A note on the theme of too many instruments. Oxford Bulletin of Economics and statistics, 71(1), 135-158. Root, F.R., & Ahmed, A. (1979). Empirical determinants of manufacturing direct foreign investment in developing countries. Economic Development and Cultural Change, 27, 751-767. Rosegrant, M. (2000). Transforming the rural Asian economy: The unfinished revolution. Asian Development Bank, 1. Rostow, W. W. (1971). Politics and the stages of growth. Cambridge Books, 1-33. Ruxanda, G., & Muraru, A. (2010). FDI and economic growth. Evidence from simultaneous equation models. Romanian Journal of Economic Forecasting, 1(2010), 45-58. Ryoo, H. J., & Smith, G. (2002). Korean stock prices under price limits: Variance ratio tests of random walks. Applied Financial Economics, 12(8), 545-553. Ryoo, H. J., & Smith, G. (2007). The impact of stock index futures on the Korean stock market. Applied Financial Economics, 14(4), 243-251. Sachs, J. D., & Warner, A. M. (1995). National bureau of economic research. Economic Convergence and Economic Policies, 50, 39. Sachs, J. (2008). The end of poverty: economic possibilities for our time. European Journal of Dental Education, 12(s1), 17-21. Sahoo, P. (2006). Foreign Direct Investment in South Asia: Policy, Trends, Impact And Determinants, 8-18. Sanchez- Robles, B. (1998). Infrastructure investment and growth: Some empirical evidence. Contemporary Economic Policy, 16(1), 98-108. Sasidharan, S., & Ramanathan, A. (2007). Foreign direct investment and spillovers: evidence from Indian manufacturing. International Journal of Trade and Global Markets, 1(1), 5-22. Schneider, F., & Frey, B. S. (1985). Economic and political determinants of foreign direct investment. World Development, 13(2), 161-175. Sekkat, K., & Varoudakis, A.M. (2007). Openness, investment climate and FDI in developing countries. Review of Development Economics, 11(4), 607-620. Sekkat, K., & Varoudakis, M. (2004). Trade and foreign exchange liberalization, investment climate and FDI in the MENA Countries. Working Papers DULBEA, 1-30. Semmler, J. G., & Nordstrom, M. A. (1999). A comparison of cross-correlation and surface EMG techniques used to quantify motor unit synchronization in humans. Journal of Neuroscience Methods, 90(1), 47-55. Sen, G. (1999). Engendering poverty alleviation: Challenges and opportunities. Development and Change, 30(3), 685-692. Serven, L. and Solimano A. (1992). Private investment and macroeconomic adjustments. Observer, 7(5), 22-24. SESRIC (2012), Education and scientific development in the OIC member countries 2012/2013,SESRIC Publications, 12-15. SESRIC (2013), OIC health report, SESRIC Publications, 1-10. SESRIC (2014a), Agriculture and food security in OIC member countries, ed: Savas Alpay, SESRIC Publications, 2-6. SESRIC (2014b), Managing disaster and conflicts in OIC member countries, ed: Savas Alpay, SESRIC Publications, 3-5. SESRIC (2014c), OIC Strategic health programme of action 2014-2023 (OIC-SHPA), SESRIC Publications, 1-30. SESRIC (2016), OIC Agriculture and food security in OIC member countries, ed: Savas Alpay, SESRIC Publications, 1-22. SESRIC (2016), Agriculture and food security in OIC countries 2016, The Statistical, Economic and Social Research and Training Centre for Islamic Countries, 3-6. Shah, A. (2011). Poverty around the world. Global Issues, 2. Shahbaz, M., & Aamir, N. (2008). Direct foreign investment and income distribution: a case study for Pakistan. International Research Journal of Finance and Economics, 21(3), 1450-2887. Shanghai, D. H. (2004). Challenges to Vietnamese firms in the world garment and textile value chain, and the implications for alleviating poverty. Journal of the Asia Pacific Economy, 9(2), 249-267. Sharma, O. P. (2010). What is poverty really? The case of India. Population Reference Bureau visited online on October, 5, 2010. Shatz, H., & Venables, A.J. (2000). The geography of international investment. World Bank Policy Research Working Paper, 2338. Shovlin, C. L., Hughes, J. M. B., Scott, J., Seidman, C. E., & Seidman, J. G. (1997). Characterization of endoglin and identification of novel mutations in hereditary hemorrhagic telangiectasia. The American Journal of Human Genetics, 61(1), 68-79. Sinding, S. W. (2009). Population, poverty and economic development. Philosophical Transactions of the Royal Society B: Biological Sciences, 364(1532), 3023-3030. Solow, R. M. (1957). Technical change and the aggregate production function. The review of Economics and Statistics, 312-320. Soumaré, I. & Gohou, G., (2009). Impact of FDI on poverty reduction in Africa: are there regional differences?. In African Economic Conference 2009: Fostering Development in an Era of Financial and Economic Crises. Sridharan, P., Vijayakumar, N., Chandra Sekhara & Rao, K. (2009). Causal Relationship between Foreign Direct Investment and Growth: Evidence from BRICS Countries. International Business Research, 2(4), 33. Srinivasan, T. N., & Bhagwati, J. (2001). Outward-orientation and development: are revisionists right?. In Trade, Development and Political Economy, 3-26. Stiglitz, J. E. (2000). Capital market liberalization, economic growth, and instability. World Development, 28(6), 1075-1086. Stimson, J. A. (1985). Regression in space and time: A statistical essay. American Journal of Political Science, 914-947. Stock, J. H., & W Watson, M. (2003). Forecasting output and inflation: The role of asset prices. Journal of Economic Literature, 41(3), 788-829. Suh, T., & Khan J. O. (2003). The effect of FDI inflows and ICT infrastructure on exporting in ASEAN/AFTA countries: A comparison with other regional blocs in emerging markets. International Marketing Review, 20(5), 554 – 571. Suleman, A., & Naiya, I. (2009). Fostering intra-OIC FDI in the agriculture sector. Islamic Development Bank Occasional Paper, 14. Sumner, A. (2005). Is foreign direct investment good for the poor? A Review and Stocktake, Development in Practice, 15(3-4), 269-285. Tallman, S., & Fladmoe, K. (2002). Internationalization, globalization, and capability-based strategy. California Management Review, 45(1), 116-135. Taylor, K. Driffield. N.(2004) Wage inequality and the Role of multinationals: evidence from UK panel data. Labour Economics, Forthcoming, 20, 45-48. Te Velde, Willem, D. & Morrissey, O. (2001). Foreign Ownership and Wages: Evidence From Five African Countries, 19-33. Thirtle, C., X. Irz, V. McKenzie-Hill and S. Wiggins (2001). Relationship between changes in agriculture productivity and the incidence of poverty in developing countries. Report Commissioned by Department for International Development, London, 22-34. Thomas A. P and Peter, H. L.(2000).International Economics,11th edition,McGraw -Hill Companies, Inc, 35-66. Todaro, Michael P. (1992). Economics for developing world (3rd Ed.). New Delhi: Longman Limited. Tondl, G., & Fornero, J. A. (2010). Sectoral productivity and spillover effects of FDI in Latin America. FIW Working Paper, 53. Topalova, P. (2007). Trade liberalization, poverty and inequality: Evidence from Indian districts. In Globalization and Poverty, 291-336. Tsangarides, C. G. (2001). On Cross- country growth and convergence: evidence from African and OECD countries. Journal of African Economies, 10(4), 355-389. Tsikata, G.K, Asante, Yaw and E.M. Gyasi (2000), Determinants of foreign direct investment in Ghana. Overseas Development Institute. London, 44. Ulimwengu, J. M. (2008). Persistent poverty and welfare programs in the United States. Intl Food Policy Res Inst, 818. United Nations. Department of Economic. (2008). The Millennium Development Goals Report 2008, 22-44. United Nations (2008). World investment report, transnational corporations and the infrastructure challenge. United Nations Conference on Trade and Development, 1-12. United Nations (2009). World investment report, transnational corporations and agriculture productions and development. United Nations Conference on Trade and Development, 2-10. UNCTAD (1998), World investment report: Trends and determinants. United Nations Conference on Trade and Development New York and Geneva, 1-15. UNCTAD (1999), World investment report: Foreign direct investment and the challenge of development. United Nations Conference on Trade and Development New York and Geneva, 34-50. UNCTAD (2002), “Ethiopia: Investment and Innovation Policy Review”, United Nations. UNCTAD (2009). World Investment Report 2009- Geneva, Switzerland, 1-20. UNCTAD, 2008. World Investment Report (WIR08) –Cenevre, 30-35. UNCTAD (2011). World Investment Report 2009- Geneva, Switzerland, 3-30. UNCTAD.2007.Best practices for organic policy. UNEP-UNCTAD Capacity Building Task Force on Trade, Environment and Development (available at http://www.unep.ch/etb/publications/UNCTAD_DITC_TED_2007_3.pdf). UNCTAD (1994). World Investment Report: Transnational Corporations, Employment and the Workplace", New York: United Nations, 34-77. UNCTAD (1998). World Investment Report: Trends and Determinants", New York and Geneva: United Nations, 5-60. UNCTAD (2007). World Investment Report: Transnational Corporations, Extractive Industries and Development. New York and Geneva: United Nations, 1-30. UNCTAD (2000). Tax Incentives and Foreign Direct Investment: A global survey. New York and Geneva: United Nations, 33-58. UNCTAD (1998). World Investment Report: Trends and Determinants. New York and Geneva: United Nations, 34-66. UNCTAD (1999). Foreign Direct investment in Africa: performance and Potential. New York and Geneva: United Nations, 44-47. UNCTAD, W. (2014). United Nations conference on trade and development. Review of Foreign Direct Investment, 55-60. UNCTAD, (2015), “World Investment Report 2015, Reforming International Investment Governance”, 1-20. Verbeek, J. (2004). Mixture models for clustering and dimension reduction (Doctoral dissertation, Universiteit van Amsterdam), 1-100. Vernon, R. (1992). International investment and international trade in the product cycle. In International Economic Policies and their Theoretical Foundations (Second Edition), 415-435. Walkenhorst, P. (2001). Determinants of foreign direct investment in the food industry: The case of Poland. Agribusiness, 17(3), 383-395. Walkenhorst, P. (2001). The geography of foreign direct investment in Poland's food industry. Journal of Agricultural Economics, 52(3), 71-86. Watkins, K., & Fowler, P. (2002). Rigged Rules and Double Standards: Trade, Globalisation, and the Fight Against Poverty, 44. Wei, S. J. (2000). How taxing is corruption on international investors?. Review of Economics and Statistics, 82(1), 1-11. Wheeler, D., & Mody, A. (1992). International investment location decisions: The case of US firms. Journal of International Economics, 33(1-2), 57-76. Wint, A. G., & Williams, D. A. (2002). Attracting FDI to developing countries: A changing role for government?. International Journal of Public Sector Management, 15(5), 361-374. Winters, L. A. (2004). Trade liberalisation and economic performance: an overview. The Economic Journal, 114(493). Wise, T. A., & Murphy, S. (2012). Resolving the food crisis: assessing global policy reforms since 2007. Global Development and Environment Institute (GDAI), 11-46. World Bank (2007), Managing Agricultural Production Risks: Innovations in Developing Countries. World Bank (2013), A Unified Approach to Measuring Poverty and Inequality- Theory and Practice,World Bank, Washington, D.C. World Bank (2014), Knowledge in Development Note: Measuring Global Poverty. Available at:http://bit.ly/1vUPbSJ. World Bank. (2014). World Development Indicators 2014. Oxford University Press, USA. World Bank. (2015). Using indigenous knowledge in agricultural development (No. 127). Xu, B. (2000). Multinational enterprises, technology diffusion, and host country productivity growth. Journal of Development Economics, 62(2), 477-493. Yanikkaya, H. (2003). Trade openness and economic growth: a cross-country empirical investigation. Journal of Development Economics, 72(1), 57-89. Yuan, Y., Chen, Y., & Wang, L. (2010). Size of government and FDI: an empirical analysis based on the panel data of 81 countries. Journal of Technology Management In China, 5(2), 176-184. Zemplinerova, A., Benacek V. “Foreign Direct Investment in the Czech Manufacturing Sector”.Prague Economic Papers 1997, 141-155. Zhang, K. H. (2001). What attracts foreign multinational corporations to China?. Contemporary Economic Policy, 19(3), 336-346. Zhang, X., & Zhang, K. H. (2003). How does globalisation affect regional inequality within a developing country? Evidence from China. Journal of Development Studies, 39(4), 47-67. Zheng, P. (2009). A Comparison of FDI determinants in China and India. Thunderbird International Business Review, 51(3), 263-279. Zhuang, H. (2008). Foreign direct investment and human capital accumulation in China. International Research Journal of Finance and Economics, 19(6), 205-215. Zein-Elabdin, E. (1999). Economic history: sub-Saharan Africa. The Elgar Companion to Feminist Economics, Cheltenham, UK: Elgar, 22-67.