Determinants of foreign direct investment in fast-growing economies: evidence from the BRICS and MINT countries

The flow of foreign direct investment(FDI)into a country can benefit both the investing entity and host government.This study employed panel analysis to examine the factors that determine the direction of FDI to the fast-growing BRICS(Brazil,Russia,India,China,and South Africa)and MINT(Mexico,Indonesia,Nigeria,and Turkey)countries.First,we used a pooled time-series cross sectional analysis of data from 2001 to 2011 to estimate and model the determinants of FDI for three samples:BRICS only,MINT only,and BRICS and MINT combined.Then,a fixed effects approach was employed to provide the model for BRICS and MINT combined.The results demonstrate that market size,infrastructure availability,and trade openness play the most significant roles in attracting FDI to BRICS and MINT,while the roles of availability of natural resources and institutional quality are insignificant.To sustain and promote FDI inflow,the governments of BRICS and MINT must ensure that their countries remain attractive for investment by offering a level playing field for investors and political stability.BRICS and MINT governments also need to invest more in their human capital to ensure that their economies can absorb substantial skills and technology spillovers from FDI and promote sustainable long-term economic growth.This study is significant because it contributes to the literature on determinants of FDI by extending the scope of previous studies that often focused on BRICS only.

Development of necrotizing enterocolitis after blood transfusion in very premature neonates

Background Prior studies report conflicting evidence on the association between packed red blood cell(PRBC)transfu-sions and necrotizing enterocolitis(NEC),especially in early weeks of life where transfusions are frequent and spontaneous intestinal perforation can mimic NEC.The primary objective of this study was to evaluate the association between PRBC transfusions and NEC after day of life(DOL)14 in very premature neonates.Methods A retrospective cohort analysis of very premature neonates was conducted to investigate association between PRBC transfusions and NEC after DOL 14.Primary endpoints were PRBC transfusions after DOL 14 until the date of NEC diagnosis,discharge,or death.Wilcoxon ranked-sum and Fisher's exact tests,Cox proportional hazards regression,and Kaplan-Meier curves were used to analyze data.Results Of 549 premature neonates,186(34%)received transfusions after DOL 14 and nine(2%)developed NEC(median DOL=38;interquartile range=32-46).Of the nine with NEC after DOL 14,all were previously transfused(P<0.001);therefore,hazard of NEC could not be estimated.Post hoc analysis of patients from DOL 10 onward included five additional patients who developed NEC between DOL 10 and DOL 14,and the hazard of NEC increased by a factor of nearly six after PRBC transfusion(hazard ratio=5.76,95%confidence interval=1.02-32.7;P=0.048).Conclusions Transfusions were strongly associated with NEC after DOL 14.Prospective studies are needed to determine if restrictive transfusion practices can decrease incidence of NEC after DOL 14.