Foreign Direct Investment in South Asia

<p>                                                  </p><p> </p><p>1.      Overview                                                                                                                                                                                                                                                                    </p><p>2.     South Asia: A Macro Overview                                                                      </p><p>2.1 Introduction</p><p> </p><p>2.2 Economic Reforms in South Asia: Country-wise Analysis</p><p>       2.2.1   Reforms and Developments in India: A brief review</p><p>       2.2.2   Economic reforms in Bangladesh: A Brief review</p><p>       2.2.3   Economic reforms in Pakistan: a brief review </p><p>       2.2.4   Economic Reforms in Sri Lanka: A brief review</p><p>       2.2.5   Reforms in Nepal: A Review               </p><p> </p><p>2.3   Macroeconomic Performance of South Asia Countries</p><p>2.3.1          Macroeconomic Performances of India</p><p>2.3.2         Macroeconomic Performance of Pakistan</p><p>2.3.3         Macroeconomic Performances of Bangladesh</p><p>2.3.4         Macroeconomic Performances of Sri Lanka</p><p>2.3.5         Macroeconomic Performances of Nepal</p><p> </p><p>2.4 Concluding Remarks</p><p> </p><p>3.     Foreign Direct Investment Policy in South Asia                                    </p><p> </p><p>3.1   Introduction</p><p> </p><p>3.2   FDI Policy Framework in India</p><p>         3.2.1    Evolution of FDI Policy in India</p><p>         3.2.2    State-level Reforms: Success Stories</p><p>         3.2.3    Major Institutional Reforms to Promote FDI</p><p>         3.2.4    Foreign Investment Policy and Routes for Investment Inflows</p><p>         3.2.5    Taxation Policy in India</p><p>         3.2.6     Repatriation of Investment Capital and Profits Earned in India</p><p>         3.2.7     Labour and Employment Laws</p><p>         3.2.8     Policy Regarding Intellectual Property Rights</p><p>         3.2.9     Policy Regarding Acquisition of Immovable Property</p><p>        3.2.10     Incentives for Foreign Investment</p><p>        3.2.11    Restrictions on FDI and Rationale</p><p>         </p><p>3.3   FDI Policy in Bangladesh</p><p>3.3.1     Evolution of FDI Policy in Bangladesh</p><p>3.3.2    Institutions in Bangladesh</p><p>3.3.3    Intellectual property rights and investment protection</p><p>3.3.4    Labour laws</p><p>3.3.5    Investment Incentives in Bangladesh</p><p> </p><p>3.4   FDI Policy in Pakistan</p><p>3.4.1    Evolution of FDI policy and FDI policy framework in Pakistan</p><p>3.4.2   FDI Policy Framework</p><p>3.4.3   Investment Policy for FDI in Different Sectors</p><p>3.4.4   Taxation Policy and Investment Incentives in Pakistan</p><p>3.4.5   Repatriation of Investment Capital and Profits Earned in Pakistan    and Expatriate Facilitation</p><p> </p><p>3.5   FDI Policy in Sri Lanka</p><p>3.5.1   Evolution of FDI policy in Sri Lanka</p><p>3.5.2   Policy framework and Institutions in Sri Lanka</p><p>3.5.3   FDI institution</p><p>3.5.4   Treatment and protection of FDI, repatriation of profits and     intellectual property law Treatment and protection of FDI, repatriation of profits and intellectual property law</p><p>3.5.5   Labour Laws and Regulations</p><p>3.5.6   Investment Incentives in Sri Lanka     </p><p>3.5.7   Taxation Policy in Sri Lanka</p><p>3.5.8  Pending FDI Reforms</p><p> </p><p>            3.6 FDI Policy in Nepal</p><p>                   3.6.1 Evolution of FDI policy in Nepal</p><p>                   3.6.2 Policy Framework, Incentives and Licensing in Nepal</p><p>                   3.6.3 Intellectual Property Protection</p><p>                   3.6.4 Foreign Investment Incentives and Facilities in Nepal           </p><p>        </p><p>           3.7   Conclusion     </p><p> </p><p>4.     Foreign Direct Investment Inflows into South Asia FGD                         </p><p>4.1   Introduction</p><p> </p><p>4.2   Global FDI and FDI Inflows into South Asia</p><p>      4.2.1.   South-South FDI Flows</p><p>      </p><p>4.3 FDI Inflows to South Asian Countries</p><p>      4.3.1. FDI Performance and Potential</p><p>      4.3.2. Component-wise FDI inflows to South Asia (in million $)</p><p> </p><p>4.4. Country-wise FDI Inflows to South Asia: Composition, Pattern, and Distribution</p><p>       4.4.1. India</p>       4.4.2. Pakistan<p><p>       4.4.3. Sri Lanka</p><p>       4.4.4. Bangladesh</p><p>       4.4.5. Nepal       </p><p>       </p><p>4.5. Intra-Regional Trade and FDI in South Asia</p><p>       4.5.1. Indian Investment in Pakistan</p><p>       4.5.2. Indian Investment in Bangladesh</p><p>       4.5.3. Indian investment in Sri Lanka</p><p>       4.5.4. India-Nepal       </p><p>       </p><p>4.6. Global and South Asia FDI Outflows</p><p>       4.6.1. FDI Outflows from South Asia</p><p>       4.6.2. FDI Outflows from India and Its Reasons</p><p>       4.6.3. FDI Outflows from Bangladesh</p>       4.6.4. FDI Outflows from Pakistan<p><p>       4.6.5. FDI Outflows Sri Lanka</p><p>       4.6.6. FDI Outflows from Nepal       </p><p>     </p><p>4.7 Summary and Conclusion</p><p> </p><p> </p><p>5.     FDI in China: A comparative Perspective with India              </p><p>5.1. Introduction</p><p>       5.2.  Macroeconomic Picture of China and India</p><p>        5.3.  A Comparative outlook of the trends in FDI flows</p><p>       5.4   FDI Accounting In China &amp; India</p><p>5.5    Evolution of FDI Policy in China</p><p>5.6.   Political Economy of FDI Policy: Autocracy vs. Democracy</p><p>5.7.  Major reasons for discrepancy between FDI performances in China and   South Asia</p><p>5.8. Policy Lessons for South Asia from China’s FDI success </p><p> </p><p>6.     Determinants of FDI in South Asia                                                           </p><p>6.1.  Introduction</p><p>  6.2.  Theories of FDI</p><p>  6.3.   Brief Literature Review   </p><p>  6.4.   Potential Determinants of FDI</p><p>  6.5.  Data Sources, Model Specification and Methodology</p><p>               6.5.1. Times Series Analysis</p><p>6.5.1.1 ADF Unit Root Test:</p><p>6.5.1.2. ARDL Co-integration:</p><p> 6.5.2. Panel data Analysis</p><p>6.5.2.1 Panel Unit Root Test:</p><p>6.5.2.2. Panel Co-integration Test</p><p>6.5.2.3. Generalised Method of Moment</p><p>6.6. Determinants of FDI: The Case of China</p><p>6.7. Summary</p><p> </p>7.    FDI and Economic Growth in South Asia                                                <p><p>7.1 Introduction</p><p> </p><p>7.2 Theoretical Framework</p><p>     7.2.1. Direct Impact</p><p>     7.2.2. Indirect Impact</p><p> </p><p>7.3      FDI and Growth: Empirical Evidence</p><p>7.4      Conditions for Positive Impact of FDI on Growth</p><p> </p><p>7.5             Data Source, Methodology, and Model Specification</p><p>               7.5.1. Model Specification</p><p> </p><p>7.6     Empirical Results</p><p>7.6.1. Time Series Analysis of Impact of FDI on Growth</p><p>               7.6.2. Panel Data Analysis</p>               7.6.3. FDI and Absorptive Capacity<p><p> </p><p>7.7.   Impact of FDI on China’s Growth: A Comparative Analysis</p><p>               7.7.1 Brief Review of Literature for China</p><p>               7.7.2 Empirical Results</p><p> </p><p>7.8. Causality between FDI and real Per capita Income</p><p>                7.8.1 Granger Causality: The vector error correction (VECM) procedure</p><p>               7.8.2 Panel Causality Test  </p><p> </p><p>7.9. Summary and Conclusion</p><p>  </p><p>     </p><p>8.    Impact of Foreign Direct Investment and Domestic Investment in South Asia: Time series and Panel Evidence                                     </p><p>8.1    Introduction</p><p> </p><p>8.2    Empirical Literature</p><p> </p><p>8.3   Model Specification and Data Sources</p><p> </p><p>8.4   Analysis of Empirical Results</p><p>     8.4.1. Times series Analysis</p><p>     8.4.2   Panel Analysis</p><p> </p><p>8.5 Impact of FDI on DI in China: A Comparative Analysis</p><p>     8.5.1. Causality between DI and FDI Using VECM Approach</p><p> </p><p>8.6. Conclusion</p><p> </p><p>9.     Impact of Foreign Direct Investment on domestic Exports:   Time series and Panel Evidence from South Asia                                 </p><p>9.1 Introduction</p><p>9.2 Export Performances of South Asian countries                                    </p><p>9.3 Theoretical Background</p><p>9.4 Review of Empirical Literature</p><p>9.5. Model Specification</p><p> </p><p>9.6. Data Sources and Methodology</p><p>      9.6.1. Analysis of Empirical Results: Times Series Analysis</p><p>      9.6.2. Panel Data Analysis</p><p>      9.6.3. Causality between Exports and FDI    </p><p> </p><p>9.7. FDI and exports in China</p><p>      9.7.1 Empirical Results</p><p> </p><p>9.8. Conclusion</p><p> </p><p>10.                     FDI Reforms in South Asia: Unfinished Agenda, Future Reforms and Challenges                                                                      </p><p> </p><p>10.1 Introduction   </p><p>10.2 Foreign Direct Investment in India — Unfinished Agenda</p><p>      10.2.1.   Labour rules and regulations:</p><p>      10.2.2.   Infrastructure development: a major obstacle to FDI</p><p>      10.2.3.   Special Economic Zones: objectives and issues</p><p>      10.2.4.   Land Acquisition</p><p>      10.2.5.   Environmental clearances</p><p>      10.2.6.   Trade reforms and FDI inflows</p><p>      10.2.7.   The Unfinished Agenda and Way forward</p><p> </p><p> </p><p>10.3 FDI in Pakistan: Unfinished Agenda And Challenges</p><p>      10.3.1. Difficulties and challenges for FDI</p>      10.3.2. Land Acquisition in Pakistan<p><p>      10.3.3. Pending Reforms and Way Forward</p><p> </p><p>10.4 FDI in Bangladesh: Unfinished Agenda And Challenges</p><p>     10.4.1. Difficulties and Limitations</p><p>     10.4.2. Unfinished Agenda and the Way forward</p><p> </p><p> 10.5 FDI in Srilanka: Unfinished Agenda And Challenges</p><p> </p><p>     10.5.1. Difficulties and Limitations</p><p>     10.5.2. Land Acquisition</p><p>     10.5.3. Labour Regulations and Higher Wages</p><p>     10.5.4. Taxation</p><p>     10.5.5. Unfinished Agenga and Way forward </p><p> </p> 10.6. FDI in Nepal: Unfinished Agenda And Challenges<p><p>     10.6.1. Land Acquisition in Nepal</p><p>               10.6.1.2 Criteria for the estimation of Compensation  </p><p>     10.6.2. Taxation</p><p>     10.6.3. Foreign Exchange Regulation</p><p>     10.6.4. Labour Law</p><p>     10.6.5. Unfinished Agenda and Way Forward </p><p>10.7. Conclusion: FDI in South Asia: The Way Forward</p><p> </p><p>References                                                                                                                             </p><p>    </p><p> </p>