A panel analysis of FDI inflows and poverty reduction in BRICS countries: An implication for the sustainable development goal one

被引:8
作者
Aderemi, Timothy Ayomitunde [1 ]
Opele, Adedayo Mathias [2 ]
Olanipekun, Wahid Damilola [3 ]
Al-Faryan, Mamdouh Abdulaziz Saleh [4 ,5 ]
机构
[1] Bells Univ Technol, Dept Econ Accounting & Finance, Km 8,Idiroko Rd,PMB 1015, Ota, Nigeria
[2] Lagos State Univ, Dept Mkt, Ojo, Nigeria
[3] Amer Int Univ West Africa, Coll Management & Informat Technol, Serrekunda, Gambia
[4] Univ Portsmouth, Fac Business & Law, Sch Accounting Econ & Finance, Richmond Bldg,Portland St, Portsmouth PO1 3DE, England
[5] Econ & Finance, Riyadh, Saudi Arabia
关键词
FDI inflows; Poverty reduction; BRICS; SDGs; FOREIGN DIRECT-INVESTMENT;
D O I
10.1016/j.tncr.2023.08.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
FDI inflows and poverty reduction nexus has been an ongoing global debate in the recent times. Against this backdrop, this study examined the relationship between FDI inflows and poverty reduction in this economic bloc between 1990 and 2019. Data was collected from UNCTAD and WDI respectively, and a Panel Error Correction Model and the Pairwise Dumitrescu Hurlin Panel Causality tests were respectively employed. The following findings originated from the study; firstly, the relationship between FDI inflows and human development was negative and significant in the short run. In the long run, the reverse was the case. Therefore, the study concluded that FDI inflows have a trickle-down effect on poverty reduction in BRICS countries only in the long run. Therefore, it was recommended that for the policymakers in BRICS countries to achieve the Sustainable Development Goal (SDG 1), policy that will propel massive inflows of FDI into BRICS economies should be explored.
引用
收藏
页码:35 / 41
页数:7
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