The impacts of climate change on trade and foreign direct investment flows
- Authors: Barua, Suborna
- Date: 2019
- Type: Text , Thesis , PhD
- Full Text:
- Description: A growing body of climate economics research suggests that climate change affects production, prices, distribution structures, investments and national income. Studies further describe international trade and climate related investments as key activities in climate impact mitigation and adaptation. However, despite its increasing relevance, the empirical link between climate change and international trade and investment remains largely unexplored. This thesis investigates the climate change impacts on trade and foreign direct investment (FDI) flows using static and dynamic panel estimations covering 102 countries. The modelling uses temperature and precipitation variability to separately evaluate changes in international trade from 1962 to 2014, and in FDI inflows from 1995 to 2014. The trade impacts estimations consider exports of total merchandise, agriculture and six agricultural sectors; while controlling for income, comparative advantage, productivity, domestic and trade policies, and climate zones. The FDI impacts modelling evaluates total and sectoral inflows, while controlling for income, market size, infrastructure, openness, financial development, the global financial crisis and climate zones. Results show that climate change significantly affects both exports and FDI inflows. In particular, temperature affects merchandise exports, negatively at the global and developing country level, and positively in high-income countries. Agricultural exports are negatively affected by temperature. At the sectoral level, oil-seeds and dairy are mostly affected. Precipitation effects are limited and mostly negative for agriculture. The FDI world aggregate flows respond mostly positively to both temperature and precipitation, and static estimations indicate a FDI positive response in developing countries. Furthermore, FDI sectoral estimations indicate a differentiated response. Findings could inform the formulation of trade and investment policies, at the national and global level, in consideration to the differential impacts of climate change across sectors, regions and economic status. Furthermore, these estimates could be used in projections considering climate change as a determinant of trade and investment flows.
- Description: Doctor of Philosophy
- Authors: Barua, Suborna
- Date: 2019
- Type: Text , Thesis , PhD
- Full Text:
- Description: A growing body of climate economics research suggests that climate change affects production, prices, distribution structures, investments and national income. Studies further describe international trade and climate related investments as key activities in climate impact mitigation and adaptation. However, despite its increasing relevance, the empirical link between climate change and international trade and investment remains largely unexplored. This thesis investigates the climate change impacts on trade and foreign direct investment (FDI) flows using static and dynamic panel estimations covering 102 countries. The modelling uses temperature and precipitation variability to separately evaluate changes in international trade from 1962 to 2014, and in FDI inflows from 1995 to 2014. The trade impacts estimations consider exports of total merchandise, agriculture and six agricultural sectors; while controlling for income, comparative advantage, productivity, domestic and trade policies, and climate zones. The FDI impacts modelling evaluates total and sectoral inflows, while controlling for income, market size, infrastructure, openness, financial development, the global financial crisis and climate zones. Results show that climate change significantly affects both exports and FDI inflows. In particular, temperature affects merchandise exports, negatively at the global and developing country level, and positively in high-income countries. Agricultural exports are negatively affected by temperature. At the sectoral level, oil-seeds and dairy are mostly affected. Precipitation effects are limited and mostly negative for agriculture. The FDI world aggregate flows respond mostly positively to both temperature and precipitation, and static estimations indicate a FDI positive response in developing countries. Furthermore, FDI sectoral estimations indicate a differentiated response. Findings could inform the formulation of trade and investment policies, at the national and global level, in consideration to the differential impacts of climate change across sectors, regions and economic status. Furthermore, these estimates could be used in projections considering climate change as a determinant of trade and investment flows.
- Description: Doctor of Philosophy
Audit education in a socialist oriented market economy – the case of Vietnam
- Dang, Ky
- Authors: Dang, Ky
- Date: 2020
- Type: Text , Thesis , PhD
- Full Text:
- Description: The objective of the research project is to contribute to the understanding of the auditing profession in Vietnam. In particular, it provides information on the challenges facing auditors in an emerging economy where economic transformation is in progress and where auditing, as a profession, is under development. Auditors operate in an environment of conflicting priorities where they must maintain independence and objectivity in discharging their responsibilities to stakeholders and society. In Vietnam, the audit profession only came into existence in 1986 when the country embarked on its new economic model. Whilst studies have been conducted on the status of current accounting practice in Vietnam, studies regarding the audit profession have been limited. In this research project an examination of the issues affecting audit quality in Vietnam are investigated and suggestions for changes to address the deficiencies are made. In particular, the project focuses on the relevance and appropriateness of the education of auditors. A national survey of accountants, auditors and accounting academics in Vietnam was undertaken. The survey results indicate that in Vietnam there are deficiencies in audit practices over and above those commonly observed in other countries. These deficiencies are the result of the unique history of Vietnam, the current stage of economic development and the education system for auditors. From an auditing perspective, the slow adaptation of the education system to the new economic environment is having negative effects on accounting graduates and their employment prospects. Although inadequate training was identified as the single most important factor affecting audit quality, the ineffective enforcement regime was also a contributing factor. This research project indicates that there is a need for an overhaul of the current education system in Vietnam and for universities to develop an accounting and auditing curriculum that meets the needs of employers while complying with government’s education objectives and international standards of auditing and accounting.
- Description: Doctor of Philosophy
- Authors: Dang, Ky
- Date: 2020
- Type: Text , Thesis , PhD
- Full Text:
- Description: The objective of the research project is to contribute to the understanding of the auditing profession in Vietnam. In particular, it provides information on the challenges facing auditors in an emerging economy where economic transformation is in progress and where auditing, as a profession, is under development. Auditors operate in an environment of conflicting priorities where they must maintain independence and objectivity in discharging their responsibilities to stakeholders and society. In Vietnam, the audit profession only came into existence in 1986 when the country embarked on its new economic model. Whilst studies have been conducted on the status of current accounting practice in Vietnam, studies regarding the audit profession have been limited. In this research project an examination of the issues affecting audit quality in Vietnam are investigated and suggestions for changes to address the deficiencies are made. In particular, the project focuses on the relevance and appropriateness of the education of auditors. A national survey of accountants, auditors and accounting academics in Vietnam was undertaken. The survey results indicate that in Vietnam there are deficiencies in audit practices over and above those commonly observed in other countries. These deficiencies are the result of the unique history of Vietnam, the current stage of economic development and the education system for auditors. From an auditing perspective, the slow adaptation of the education system to the new economic environment is having negative effects on accounting graduates and their employment prospects. Although inadequate training was identified as the single most important factor affecting audit quality, the ineffective enforcement regime was also a contributing factor. This research project indicates that there is a need for an overhaul of the current education system in Vietnam and for universities to develop an accounting and auditing curriculum that meets the needs of employers while complying with government’s education objectives and international standards of auditing and accounting.
- Description: Doctor of Philosophy
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