The Effects of Foreign Direct Investment,

Trade, Aid, Remittances and Tourism on

Welfare under Terrorism and Militancy
International Journal of Management, Economics and Social Sciences 2018, Vol. 7(3), pp. 206 –
232.

27 Pages Posted: 12 Dec 2018

Olaniyi Evans
Pan-Atlantic University - Lagos Business School

Ikechukwu Kelikume
Lagos Business School Nigeria

Date Written: November 20, 2018

Abstract

The purpose of this study was to determine the effects of Foreign Direct Investment (FDI), trade,
aid, remittances and tourism on welfare under terrorism and militancy. Using Nigeria as a case
study for the period from 1980 to 2016, this study utilized autoregressive distributed lag (ARDL)
bounds testing approach and the Cobb-Douglas production function. The empirical findings
showed that, in the short-run, FDI, trade, aid, remittances and tourism had positive significant
effects on welfare, even under terrorism and militancy. However, in the long run, only aid and
remittances had significant effects while FDI, trade and tourism were insignificant. In other
words, FDI, trade and tourist inflows were repressed as a result of the presence of terrorism and
militancy in the long-run, meaning that they could not thrive in tensed and insecure
environments. Surprisingly, despite the presence of militancy and terrorism, in the long-run, aid
and remittances still had significant effects on welfare. The findings also showed that terrorism
and militancy had significant negative effects on welfare both in the short and long run. In
conclusion, terrorism and militancy not only undermined FDI, trade and tourism, but also led to a
significant decline in welfare.
Journal of World Business
Volume 53, Issue 1, January 2018, Pages 75-84

The impact of FDI in land in agriculture in

developing countries on host country food
security
Author links open overlay panelGrazia D.Santangelo
https://doi.org/10.1016/j.jwb.2017.07.006Get rights and content

Abstract
We investigate the influence of FDI in land in agriculture in developing countries, a phenomenon
also known as land grabbing, on host country food security, and suggest a differential impact
depending on the investor’s country of origin. FDI in land by developed-country investors
positively influence food security by expanding land used for crop production because of home
institutional pressure for human rights respect and responsible farmland conduct, in addition to
positive spillovers. Instead, FDI in land by developing-country investors negatively influence
food security by decreasing cropland due to home institutional pressure to align to national
interests and government policy objectives, in addition to negative spillovers.