Measuring the Efficiency of Investment Promotion Agencies PDF Download

Author: Marie Therese Gabriel
Publisher: Sudwestdeutscher Verlag Fur Hochschulschriften AG
ISBN: 9783838103235
Category : Business & Economics
Languages : de
Pages : 156

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Book Description
Over the past thirty years foreign direct investment (FDI) has become increasingly more important worldwide. In order to respond to the growing competition for FDI many governments have set up special institutions concerned with attracting FDI, so called Investment Promotion Agencies (IPAs). In recent years governments have started to evaluate the effectiveness of their expenses in promotion. Despite the growing importance of IPAs, measured by number and FDI, little is known about the efficiency of IPAs. A direct comparison among each other is not easy to accomplish as each agency uses a different set of investment promotion techniques according to the specific needs of the respective country. The study assesses the efficiency of IPAs that took part in a questionnaire survey conducted in 2005. Results of DEA show that IPAs reach efficient status, yet for different reasons. IPAs from ICs reach efficiency due to their small staff size as well as the number of completed projects and high FDI flows, IPAs from DCs are efficient because of their small budgets and the number of completed projects

Author: World Bank Group
Publisher: World Bank Publications
ISBN: 1464815437
Category : Business & Economics
Languages : en
Pages : 321

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Book Description
The Global Investment Competitiveness Report 2019-2020 provides novel analytical insights, empirical evidence, and actionable recommendations for governments seeking to enhance investor confidence in times of uncertainty. The report's findings and policy recommendations are organized around "3 ICs" - they provide guidance to governments on how to increase investments' contributions to their country's development, enhance investor confidence, and foster their economies' investment competitiveness. The report presents results of a new survey of more than 2,400 business executives representing FDI in 10 large developing countries: Brazil, China, India, Indonesia, Malaysia, Mexico, Nigeria, Thailand, Turkey, and Vietnam. The results show that over half of surveyed foreign businesses have already been adversely affected by policy uncertainty, experiencing a decrease in employment, firm productivity, or investment. Foreign investors report that supporting political environments, stable macroeconomic conditions, and conducive regulatory regimes are their top three investment decision factors. Moreover, the report's new global database of regulatory risk shows that predictability and transparency increase investor confidence and FDI flows. The report also assesses the impact of FD! on poverty, inequality, employment, and firm performance using evidence from various countries. It shows that FDI in developing countries yields benefits to their firms and citizens-including more and better-paid jobs-but governments need to be vigilant about possible adverse consequences on income distribution. The report is organized in S chapters: Chapter 1 presents the results of the foreign investor survey. Chapter 2 explores the differential performance and development impact of greenfield FDI, local firms acquired by multinational corporations {i.e. brownfield FDI), and domestically-owned firms using evidence from six countries. Chapter 3 assesses the impact of FDI on poverty, inequality, employment and wages, using case study evidence from Ethiopia, Turkey and Vietnam. Chapter 4 presents a new framework to measure FDI regulatory risk that is linked to specific legal and regulatory measures. Chapter S focuses on factors for increasing the effectiveness of investment promotion agencies.

Author: Nicola Bellini
Publisher: Routledge
ISBN: 1136260579
Category : Business & Economics
Languages : en
Pages : 337

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Book Description
Across Europe, regional development agencies (RDAs) have become a central feature of regional policy, both as innovative policy-makers and as the implementers of programmes and initiatives originating from the national or European level. By drawing on a combination of conceptual reflection, surveys, comparative research, and systematic use of critical case studies, this book provides a new point of reference by identifying key features of the current, and, indeed next, generation of regionally-based economic development organisations.

Author: OECD
Publisher: OECD Publishing
ISBN: 9264208666
Category :
Languages : en
Pages : 138

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Book Description
The objective of the Policy Framework for Investment (PFI) is to mobilise private investment that supports steady economic growth and sustainable development, contributing to the economic and social well-being of people around the world.

Author: Boris Ricken
Publisher: CRC Press
ISBN: 1317037626
Category : Business & Economics
Languages : en
Pages : 222

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Book Description
The importance of technology transfer for the competitive advantage of companies and the economic success of nations cannot be overstated. Technology is a determining element for firms and nations to increase productivity, to compete, and to prosper. In The Competitive Advantage of Regions and Nations, the authors stress that companies, investment promotion agencies, and government bodies cannot simply sit and wait until new technologies arrive in their domain. Rather, they need to manage the identification, assessment, attraction, absorption and application of new technologies. In this comprehensive book, Boris Ricken and George Malcotsis explain how technology transfer in Foreign Direct Investment (FDI) projects can be systematically managed. Using some 40 case studies as illustration, they give step-by-step guidance for managers. The explanation of theory in this book, together with the frameworks and cases delivering solutions to the various challenges of technology transfer will be highly appreciated by managers of companies, investment promotion agencies, and government bodies alike. It also offers students confronted with the topic an understandable study guide.

Author: Mohamed Lamine Dhaoui
Publisher: UN
ISBN:
Category : Business & Economics
Languages : en
Pages : 220

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Book Description
The report has two key objectives - to identify "quality" foreign direct investment (FDI) and to seek an optimal allocation of scarce public funds in Africa by facilitating (largely through investment promotion agencies) the attraction of these investments. Close to 7000 firms (with 36% having foreign involvement) were interviewed in 19 Sub-Saharan African host countries. The report examines the impact of FDI on productivity, training, human capital, competition, employment, wages and trade (exports). The publication of this report is an important step forward in understanding FDI in Africa, its impact and its prospects. It is the start of a process that should see the valuable data that it introduces analyzed and reanalyzed.

Author: United Nations Conference on Trade and Development (UNCTAD)
Publisher: Stylus Publishing, LLC
ISBN: 9213589743
Category : Business & Economics
Languages : en
Pages : 241

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Book Description
Business and investment facilitation have become central to both private sector development and FDI attraction efforts of governments in developing countries. At the core are information provision, transparency of rules and regulations, and streamlining of administrative procedures. Because these elements are information- and procedures-based, digitalization is central to effective implementation. They have thus led to a wave of digital government initiatives, including information portals and online single windows. Digital government has the potential to address many institutional challenges faced in developing countries, strengthening governance, reducing costs, improving services, and combating corruption. Because governance and institutional weaknesses are a key obstacle to attracting investment in many developing countries, digital government and the promotion of investment for sustainable development are closely intertwined.

Author: TORFINN HARDING AND BEATA SMARZYNSKA JAVORCIK
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 52

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Book Description
Many countries spend significant resources on investment promotion agencies in the hope of attracting inflows of foreign direct investment. Despite the importance of this question for public policy choices, little is known about the effectiveness of investment promotion efforts. This study uses newly collected data on national investment promotion agencies in 109 countries to examine the effects of investment promotion on foreign direct investment inflows. The empirical analysis follows two approaches. First, it tests whether sectors explicitly targeted by investment promotion agencies receive more foreign direct investment in the post-targeting period relative to the pre-targeting period and non-targeted sectors. Second, it examines whether the existence of an investment promotion agency is correlated with higher foreign direct investment inflows. Results from both approaches point to the same conclusion. Investment promotion efforts appear to increase foreign direct investment inflows to developing countries. Moreover, agency characteristics, such as the agency's legal status and reporting structure, affect the effectiveness of investment promotion. There is also evidence of diversion of foreign direct investment due to investment incentives offered by other countries in the same geographic region.

Author: Jacques Morisset
Publisher: World Bank Publications
ISBN: 9780821356067
Category : Business & Economics
Languages : en
Pages : 130

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Book Description
Investment promotion agencies (IPAs) exist in almost all countries around the world, but there has been no global attempt to determine whether they have been able to significantly influence the investor's decision to locate in one country rather than another. 'The Effectiveness of Promotion Agencies at Attracting Foreign Direct Investment' is the first empirical study of the effectiveness of these agencies in attracting foreign direct investment (FDI).This study finds that promotion is unambiguously associated with greater FDI flows. The effectiveness of promotion, however, depends on: • the quality of the investment climate, market size • the level of development of the country • the IPA's budget and type of activities it carries out • communication with the highest level of policymakers and support from the private sector. An important resource, 'The Effectiveness of Promotion Agencies at Attracting Foreign Direct Investment' provides many lessons about how to carry out effective investment promotion.

Author: Christian Volpe Martincus
Publisher: Inter-American Development Bank
ISBN:
Category : Business & Economics
Languages : en
Pages : 173

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Book Description
The investment promotion puzzle remains unsolved. Nearly every country in the world has established an investment promotion agency (IPA) to attract and retain foreign direct investment (FDI) in both greater quantities and of higher “quality.” Meanwhile, the literature has been virtually silent on investment promotion and its effects on FDI. As a result, we know little about what such agencies look like in different countries, what they do, how they do it, and whether and to what extent they make a difference. How to Solve An Investment Promotion Puzzle aims to fill in this gap by providing detailed information on the organization, functions and activities, and operational modalities of IPAs across over 50 countries in LAC and OECD, distilling similarities and differences and creating a new basis for peer-to-peer benchmarking and analysis of their impact. As such, it can serve as a useful guide to professionals and policymakers interested in designing better policies for FDI.