Impact of Terrorism, Foreign Direct Investment (FDI) and Energy Consumption on the Economic Performance: A Case of South Asian Economies
Foreign investment and finance are considered key to economic growth for many economies. In terrorism, these economies directly lose international capital. As a result, it causes an adverse impact on economic development in the countries. Human capital and natural capital factors will be fruitful w...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Shaheed Zulfikar Ali Bhutto Institute of Science and Technology
2021-12-01
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| Series: | JISR Management and Social Sciences & Economics |
| Subjects: | |
| Online Access: | https://jisrmsse.szabist.edu.pk/index.php/szabist/article/view/35 |
| _version_ | 1797846618016317440 |
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| author | Alam Khan Muhammad Tahir Ihtisham ul Haq Nanthakumar Loganathan |
| author_facet | Alam Khan Muhammad Tahir Ihtisham ul Haq Nanthakumar Loganathan |
| author_sort | Alam Khan |
| collection | DOAJ |
| description |
Foreign investment and finance are considered key to economic growth for many economies. In terrorism, these economies directly lose international capital. As a result, it causes an adverse impact on economic development in the countries. Human capital and natural capital factors will be fruitful when the environment is conducive and peaceful. Similarly, energy consumption and FDI would stimulate economic growth, subject to the absence of law-and order issues. This manuscript investigated the impact of terrorism, energy consumption and FDI on economic growth in South Asia over the period from 2002 to 2020. The model’s results display that terrorism and FDI have a negative impact on economic growth in South Asia. The result of energy consumption exhibits a positive and significant influence on economic growth in South Asia. Further, the results indicate that domestic investment and education in South Asia positively impact economic growth. Consequently, it is suggested that the South Asia countries should take appropriate actions to eradicate the problem of terrorism, ensure the availability of energy, and improve the labour force’s skills to achieve desirable economic growth.
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| first_indexed | 2024-04-09T17:58:58Z |
| format | Article |
| id | doaj.art-5b617d8aaee44488bb2d08e6ff1685ff |
| institution | Directory Open Access Journal |
| issn | 2616-7476 1998-4162 |
| language | English |
| last_indexed | 2024-04-09T17:58:58Z |
| publishDate | 2021-12-01 |
| publisher | Shaheed Zulfikar Ali Bhutto Institute of Science and Technology |
| record_format | Article |
| series | JISR Management and Social Sciences & Economics |
| spelling | doaj.art-5b617d8aaee44488bb2d08e6ff1685ff2023-04-14T10:29:32ZengShaheed Zulfikar Ali Bhutto Institute of Science and TechnologyJISR Management and Social Sciences & Economics2616-74761998-41622021-12-0119210.31384/jisrmsse/2021.19.2.6Impact of Terrorism, Foreign Direct Investment (FDI) and Energy Consumption on the Economic Performance: A Case of South Asian EconomiesAlam Khan0Muhammad Tahir1Ihtisham ul Haq2Nanthakumar Loganathan3Kohat University of Science & Technology (KUST), Khyber Pakhtunkhwa, PakistanCOMSATS University Islamabad, Abbottabad Campus, Abbottabad, PakistanKohat University of Science & Technology (KUST), Khyber Pakhtunkhwa, PakistanAzman Hashim International Business School, Universiti Teknologi Malaysia, Johor Bahru, Malaysia Foreign investment and finance are considered key to economic growth for many economies. In terrorism, these economies directly lose international capital. As a result, it causes an adverse impact on economic development in the countries. Human capital and natural capital factors will be fruitful when the environment is conducive and peaceful. Similarly, energy consumption and FDI would stimulate economic growth, subject to the absence of law-and order issues. This manuscript investigated the impact of terrorism, energy consumption and FDI on economic growth in South Asia over the period from 2002 to 2020. The model’s results display that terrorism and FDI have a negative impact on economic growth in South Asia. The result of energy consumption exhibits a positive and significant influence on economic growth in South Asia. Further, the results indicate that domestic investment and education in South Asia positively impact economic growth. Consequently, it is suggested that the South Asia countries should take appropriate actions to eradicate the problem of terrorism, ensure the availability of energy, and improve the labour force’s skills to achieve desirable economic growth. https://jisrmsse.szabist.edu.pk/index.php/szabist/article/view/35terrorismenergy consumptioneconomic growthsouth asiaForeign Direct Investment |
| spellingShingle | Alam Khan Muhammad Tahir Ihtisham ul Haq Nanthakumar Loganathan Impact of Terrorism, Foreign Direct Investment (FDI) and Energy Consumption on the Economic Performance: A Case of South Asian Economies JISR Management and Social Sciences & Economics terrorism energy consumption economic growth south asia Foreign Direct Investment |
| title | Impact of Terrorism, Foreign Direct Investment (FDI) and Energy Consumption on the Economic Performance: A Case of South Asian Economies |
| title_full | Impact of Terrorism, Foreign Direct Investment (FDI) and Energy Consumption on the Economic Performance: A Case of South Asian Economies |
| title_fullStr | Impact of Terrorism, Foreign Direct Investment (FDI) and Energy Consumption on the Economic Performance: A Case of South Asian Economies |
| title_full_unstemmed | Impact of Terrorism, Foreign Direct Investment (FDI) and Energy Consumption on the Economic Performance: A Case of South Asian Economies |
| title_short | Impact of Terrorism, Foreign Direct Investment (FDI) and Energy Consumption on the Economic Performance: A Case of South Asian Economies |
| title_sort | impact of terrorism foreign direct investment fdi and energy consumption on the economic performance a case of south asian economies |
| topic | terrorism energy consumption economic growth south asia Foreign Direct Investment |
| url | https://jisrmsse.szabist.edu.pk/index.php/szabist/article/view/35 |
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