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Economic Development and Foreign Direct Investment: How to Create Sustainable Development An Analysis of the Potential for Sustainable Development on the Indian Subcontinent

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Author Info

  • Nathalie Homlong

    ()
    (Volda University College, Norway)

  • Elisabeth Springler

    ()
    (University of Applied Sciences, BFI Vienna, Austria)

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    Abstract

    Focusing critically on the effects of the conditions for foreign direct investment on sustainable growth in the recipient country, this paper analyzes the potential for investments in environmental innovations in India. The definition of sustainability applied in this paper incorporates economic development and investment which promotes environmentally and socially friendly production and innovation. As the Indian economy experienced strong growth in GDP in recent years, but is still lagging behind in providing the basic needs of clean water, clean air and proper waste management for households and companies, the necessity for sustainable development exists. From a methodological point of view this paper uses macroeconomic data to evaluate quantitatively the potentials and needs of Indian states. This results in a state ranking showing the potential for sustainable development in selected Indian states, based on economic and environmental indicators.

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    File URL: http://www.panoeconomicus.rs/casopis/2010_3/06.pdf
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    Bibliographic Info

    Article provided by Savez ekonomista Vojvodine, Novi Sad, Serbia in its journal Panoeconomicus.

    Volume (Year): 57 (2010)
    Issue (Month): 3 (September)
    Pages: 333-347

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    Handle: RePEc:voj:journl:v:57:y:2010:i:3:p:333-347

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    Web page: http://www.panoeconomicus.rs/

    Related research

    Keywords: Sustainable development; Regional analysis; Foreign direct investment; Environmental indicators; India.;

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    1. Wilfried Altzinger, 1998. "Austria's Foreign Direct Investment in Central and Eastern Europe: 'Supply Based' or 'Market Driven'?," Department of Economics Working Papers wuwp057, Vienna University of Economics, Department of Economics.
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    Cited by:
    1. Yusuf Ekrem Akbas & Mehmet Senturk & Canan Sancar, 2013. "Testing for Causality between the Foreign Direct Investment, Current Account Deficit, GDP and Total Credit: Evidence from G7," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 60(6), pages 791-812, December.
    2. Gordan Stojić, 2012. "Using Fuzzy Logic for Evaluating the Level of Countries’ (Regions’) Economic Development," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 59(3), pages 293-310, June.
    3. Ceyhun Elgin & Oguz Oztunali, 2013. "Environmental Kuznets Curve for the Informal Sector of Turkey (1950-2009)," Working Papers 2013/05, Bogazici University, Department of Economics.

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