Articles

Political Turbulence and its Impact on Foreign Direct Investment Inflows in some selected African countries

/in /by

This work examined the political turbulence and its impact on Foreign Direct Investment inflow on some selected African countries; Nigeria, Ghana, Kenya and South Africa. The aim is to determine how the political climate in Nigeria, Ghana, Kenya and South Africa affects the inflow of foreign direct investment. The modified Cobb Douglass model was the theoretical underpinning of the study since growth in FDI is likened to output and the factors that lead to growth are the investment climate variables. Using the panel ARDL model analysis, the following findings were made: Political investment climate variable (PSI) had significant positive effect on the inflow of foreign direct investment in Nigeria, Ghana, Kenya and South Africa. The result showed that Political investment climate variables (political stability and corruption index) exerted significant negative effects on the inflow of foreign direct investment into Nigeria, Ghana, Kenya and South Africa. It was recommended that; Efforts should be made by the governments of Nigeria, Ghana, Kenya and South Africa to enhance their economic fortunes by strengthening their economy through prioritizing political stability and addressing underlying causes of political unrest, corruption, weak institution and political social inequality. As well as engaging in massive production for exports which will boost economic growth and attract more foreign direct investment.

 

Taxes and Unemployment in the Asean Countries

/in /by

This study has inspired us to understand the relationship between taxes and unemployment in ASEAN countries. Taxes are one of the sources of government development funding, including human development. The purpose of this study is to find out how much ASEAN four governments are taxed for inaction. The four ASEAN governments are used as examples. The methods used in this study were information verified using the eViews app, 12.The results showed that  simultaneously the variables Foreign Domestic Investment, Exchange Rate have a positive and significant influence on tax revenue. Partially, Foreign Domestic Investment variables and exchange rates have a positive and significant influence, while exchange rate variables have a negative and insignificant influence on tax revenue. Furthermore, the variable of tax revenue has a positive and significant influence on unemployment. For this reason, governments in ASEAN countries need efforts so that tax revenues can increase so as to reduce unemployment in their respective countries.