Nội dung được dịch bởi AI, chỉ mang tính chất tham khảo
Một kết quả xấu lại dẫn đến một kết quả xấu khác: Cách thức sản xuất năng lượng, bất ổn tài chính và khủng hoảng quản trị chính trị duy trì sự sụt giảm dòng vốn FDI vào Cộng hòa Trung Phi
Tóm tắt
Đầu tư trực tiếp nước ngoài (FDI) tại nhiều quốc gia châu Phi đã tăng mạnh trong hai thập kỷ qua. Tuy nhiên, xu hướng tăng này chưa được thể hiện rõ tại Cộng hòa Trung Phi. Mục tiêu của nghiên cứu này là xem xét các lý do cho sự giảm sút dòng vốn FDI ròng tại Cộng hòa Trung Phi (CAR) với sự xem xét các vấn đề chính như sản xuất năng lượng, bất ổn tài chính và khủng hoảng quản trị chính trị, đồng thời xem xuất khẩu hàng hóa và dịch vụ như một biến kiểm soát. Nghiên cứu này sử dụng mô hình trễ phân phối tự hồi quy (ARDL) để kiểm tra mối quan hệ dài hạn giữa các biến liên quan trong giai đoạn 1977–2007 và 1977–2016, bao gồm cả giai đoạn sau khủng hoảng. Kết quả cho thấy sản xuất năng lượng, khủng hoảng quản trị chính trị và xuất khẩu hàng hóa, dịch vụ có tác động tích cực đến dòng vốn FDI cả trong ngắn hạn và dài hạn trước khủng hoảng tài chính. Hơn nữa, chúng tôi phát hiện rằng bất ổn tài chính và tác động của sự thay đổi cấu trúc cũng có tác động tích cực tới dòng vốn FDI cả trong ngắn hạn và dài hạn. Tuy nhiên, giai đoạn sau khủng hoảng tài chính cho thấy rằng bất ổn tài chính và tác động của sự thay đổi cấu trúc có tác động tiêu cực đến FDI cả trong ngắn hạn và dài hạn, trong khi khủng hoảng quản trị chính trị có tác động tích cực đến FDI trong ngắn hạn và tác động tiêu cực đến dòng vốn FDI trong dài hạn. Hơn nữa, chúng tôi nhận thấy rằng sản xuất năng lượng có tác động tích cực và có ý nghĩa thống kê đến dòng vốn FDI cả trong ngắn hạn và dài hạn. Cuộc khủng hoảng tài chính toàn cầu có tác động tích cực và có ý nghĩa đến dòng vốn FDI ròng trong dài hạn, trong khi trong ngắn hạn, nó có tác động tiêu cực và có ý nghĩa đến dòng vốn FDI ròng. Các phát hiện nhấn mạnh sự cần thiết phải cải thiện các tổ chức tài chính, lĩnh vực năng lượng và quản trị cũng như khuyến khích phát triển khu vực tư nhân. Hơn nữa, việc đa dạng hóa là cần thiết để đáp ứng các yêu cầu phát triển bền vững của Cộng hòa Trung Phi.
Từ khóa
#Đầu tư trực tiếp nước ngoài #Cộng hòa Trung Phi #sản xuất năng lượng #bất ổn tài chính #khủng hoảng quản trị chính trị #phát triển bền vữngTài liệu tham khảo
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