International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies


:: International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies TuEngr+QR-Code

ISSN 2228-9860
eISSN 1906-9642


Vol.12(7) (2021)


  1. Agbloyor, E. K., Abor, J., Adjasi, C. K. D., and Yawson, A. (2013). Exploring the causality links between financial markets and foreign direct investment in Africa. Research in International Business and Finance, 28, 118-134.
  2. Akisik, O. (2020). The impact of financial development, IFRS, and rule of LAW on foreign investments: A cross-country analysis. International Review of Economics and Finance, 69, 815-838.
  3. Antras, P., Desai, M. A., and Foley, F. C. (2009). Multinational firms, FDI flows, and imperfect capital markets. Quarterly Journal of Economics, 124(3), 1171-1219.
  4. Bertocco, G. (2008). Finance and development: is Schumpeter's analysis still relevant. Journal of Banking and Finance, 32, 1161-1175.
  5. Bevan, A. A., Estrin, S., and Meyer, K. (2004). Foreign direct investment location and institutional development in transition economies. International Business Review, 13, 43-64.
  6. Bilir, K. L., Chor, D., and Manova, K. (2017). Host-country financial development and multinational activity. Cambridge MA: NBER Working Paper.
  7. Choi, C., and Park, K. (2017). Financial system and housing price. Emerging Markets Finance and Trade, 54(2), 328-335.
  8. Desbordes, R., and Wei, S. -J. (2017). The effects of financial development on foreign direct investment. Journal of Development Economics, 127, 153-168.
  9. DiGiovanni, J. (2005). What drives capital flows? The case of cross-border M&A activity and financial deepening. Journal of Financial Economics, 65(1), 127-149.
  10. Dutta, N., and Roy, S. (2011). Foreign Direct Investment, Financial Development and Political Risks. Journal of Developing Areas, 44(2), 303-327.
  11. Fisman, R., and Love, I. (2003). Trade Credit, Financial Intermediary Development, and Industry Growth. The Journal of Finance, 58(1), 353-374.
  12. Hansen, B. E. (1999). Threshold effects in non-dynamic panels: Estimation, testing, and inference. Journal of Econometrics, 93(2), 345-368.
  13. IMF. (1993). Balance of Payments Manual. 5th Ed. Kholdy, S., and Sohrabian, A. (2005). Financial Markets, FDI, and Economic Growth: Granger Causality Tests in Panel Data Model. Working Paper, California State Polytechnic University, United States of America.
  14. Kholdy, S., and Sohrabian, A. (2008). Foreign direct investment, financial markets and political corruption. Journal of Economic Studies, 35(6), 486-500.
  15. Klein, M. W., and Olivei, G. P. (2008). Capital account liberalization, financial depth, and economic growth. Journal of International Money and Finance, 27(6), 861-875.
  16. Klein, M. W., Peek, J., and Rosengren, E. S. (2002). Troubled banks, impaired foreign direct investment: the role of relative access to credit. American Economic Review, 92, 664-682.
  17. Lim, D. (1983). Fiscal incentives and direct foreign investment in less developed countries. The Journal of Development Studies, 19(2), 207-212.
  18. Pradhan, R., Arvin, M. B., Bahmani, S., and Hall, J. H. (2019). Attaining economic growth through financial development and foreign direct investment. Journal of Economic Studies, 46(6), 1201-1223.
  19. Wang, Q. (2015). Fixed-effect panel threshold model using Stata. The Stata Journal, 15(1), 121-134.
  20. Yavas, B. F., and Malladi, R. K. (2020). Foreign direct investment and financial markets influences: Results from the United States. North American Journal of Economics and Finance, 53, 101182.
  21. Zakaria, Z. (2007). The causality relationship between financial development and foreign direct investment. Jurnal Kemanusiaan, 10, 1-23.
  22. Zaman, K., Izhar, Z., Khan, M. M., and Ahmad, M. (2012). The relationship between financial indicators and human development in Pakistan. Economic Modelling, 29(5), 1515-1523.

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