Araştırma Makalesi

Haiti's Political Turmoil: An Examination of its Implications on Foreign Direct Investment

Cilt: 5 Sayı: 4 30 Aralık 2023
PDF İndir
TR EN

Haiti's Political Turmoil: An Examination of its Implications on Foreign Direct Investment

Abstract

Haiti is a country with a history of political instability and faces considerable challenges in attracting foreign direct investment (FDI). This study investigates the impact of political turmoil on FDI in Haiti from 1994 to 2020. The study relies on secondary data obtained from sources such as International Financial Statistics (IFS), World Development Indicators(WDI), and the International Country Risk Guide (ICRG). The study utilizes the Vector Error Correction Model (VECM) and the Dynamic Ordinary Least Squares (DOLS) statistical technique. The findings indicate that, over the long run, political instability and inflation have an adverse influence on FDI in Haiti. Conversely, exchange rate, interest rate, and trade openness positively affect FDI. However, these variables do not directly drive FDI in the short term but are influenced by external factors. This paper emphasizes the critical role of establishing a stable political environment, effectively managing inflation, and maintaining competitive exchange rates and interest rates to enhance FDI attraction. Additionally, promoting trade openness is deemed crucial.

Keywords

Kaynakça

  1. Al-Khouri, R., & Abdul Khalik, M.U. (2013). Does political risk affect the flow of foreign direct investment into the Middle East North African Region? Journal of Global Business and Technology, 9(2),47-59.
  2. Baek, K., & Qian, X. (2011). An analysis on political risks and the flow of foreign direct investment in developing and industrialized economies. Economics, Management, & Financial Markets, 6(4), 60–91.
  3. Bakari, H. R., Chamalwa, H. A., & Jackson S. Y. (2013). Determinants of foreign direct investment (FDI) inflows to Nigeria (1970-2010). IOSR Journal of Mathematics, 9(1), 24–35.
  4. Bhatti, N. A., Ghani, E. K., & Lodhi, M. M. (2008). Foreign direct investment in Pakistan: What determines the flow? Journal of Asian Business, 24(2), 185-201.
  5. Bitar, N., Hamadeh, M., & Khoueiri, R. (2019). Impact of political instability on foreign direct investment in Lebanon. Asian Social Science, 16(1), 41-48.
  6. Bokhari, S. A. A., Aftab, M., & Shahid, M. (2021). Political instability and inward foreign direct investment: The perspective of government corruption from an emerging economy. Industry Promotion Research, 6(4), 69–81.
  7. Bouchoucha, N., & Ben Ammou, S. (2015). Political and institutional determinants of foreign direct investment: An application for MENA region countries. International Journal of Science and Research (IJSR), 4(8), 1866–1871.
  8. Bouyahiaoui, N., & Hammache, S. (2013). The impact of country risk on foreign direct investments in the MENA region. International Journal of Innovation and Applied Studies, 2(3), 300-313.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Ekonomik Modeller ve Öngörü , Makro İktisat (Diğer)

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

30 Aralık 2023

Gönderilme Tarihi

26 Kasım 2023

Kabul Tarihi

23 Aralık 2023

Yayımlandığı Sayı

Yıl 2023 Cilt: 5 Sayı: 4

Kaynak Göster

APA
Louıs-jacques, P. R., & Abdul Kader, S. (2023). Haiti’s Political Turmoil: An Examination of its Implications on Foreign Direct Investment. International Journal of Business and Economic Studies, 5(4), 248-258. https://doi.org/10.54821/uiecd.1396044

23034



28007

BES JOURNAL- International Journal of Business and Economic Studies is licensed with Creavtive Commons (CC) Attribution 4.0 International Licence (CC BY 4.0).