The Uneven Short-Run Effects of the COVID-19 Pandemic on Foreign Direct Investment
Round 1
Reviewer 1 Report
This paper looks at recent trends in foreign direct investments, both globally and at the subnational level using data on New Hampshire. Drawing on those trends the paper then outlines several “propositions” that predict firm behavior and FDI in the future. The paper claims to provide evidence for subnational heterogeneity, but I am not sure that anyone expects otherwise. FDI has always been distributed quite unequally, both within and across countries. In the end, I am not sure what to do with the content of this paper. As well written and engaged in the literature, but I do not feel that it offers new insights that justify its publication.
It is probably too soon to understand the real impacts of the pandemic on foreign direct investment, so the focus on short-term effects seems appropriate. However, the combination of focusing on short-term effects, when we cannot clearly infer changes and trends due to the absence of observations over time, and local effects, which ignore how FDI is changing other places, means that there is very little possibility for inference given the small sample chosen in the research design. Cross-national or interstate trends would provide statistical tests with real power to understand short term trends.
Further complicating the purposes of this paper are the short-term trends prior to the pandemic, which the authors mention on page 3. Trade disputes and China’s turning inward have resulted in a rethinking of global supply chains that is only been exacerbated during the pandemic. What an can we attribute to the pandemic, and what to the prior trends?
Author Response
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Reviewer 2 Report
The article clearly presents the results of the study. For a clearer visualization of the research results, it would be desirable to provide the instruments and measures of strengthening of the general local economy in all areas. This is necessary to strengthen the quality of the presentation of research resulits when demonstrating proposals, promote the introduction and promotion of advanced technologies, transformation and modernazation.
Author Response
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Reviewer 3 Report
The research is devoted to a topical topic, but at the same time, it is not sufficiently covered in the abstract of the work. It is necessary to add to the abstract the specific purpose of the research, as well as the methodology, which approach, methods and methodological tools were used by the authors in the research process.
Authors are used for their own scientific works of practical importance and scientific interest. But it would be desirable to reduce their number in the list of used literature, which would emphasize the novelty of this study.
In the conclusions, the authors present the obtained results. It would be expedient to formulate specifically what the scientific novelty of the research was, to cite some of the results that were obtained. And also to substantiate the prospects of further scientific investigations.
We recommend expanding the reference by citing the following articles:
1. Popelo, O., Tulchynska, S., Garafonova, O., Kovalska, L., Khanin, S. (2021). Methodical approach to assessing innovative development efficiency of regional economic systems in the conditions of the creative economy development. WSEAS TRANSACTIONS on ENVIRONMENT and DEVELOPMENT, 17, 685-695. DOI: 10.37394/232015.2021.17.66.
2. Tulchynska, S., Popelo, O., Vovk, O., Dergaliuk, B., Kreidych, I., Tkachenko, T. (2021). The Resource Supply of Innovation and Investment Strategies of the Microeconomic Systems Modernization in the Conditions of Digitalization. WSEAS TRANSACTIONS on ENVIRONMENT and DEVELOPMENT, 17, 819-828. DOI: 10.37394/232015.2021.17.77.
3. Vovk, O., Kravchenko, M., Popelo, O., Tulchynska, S., Derhaliuk, M. (2021). Modeling the Choice of the Innovation and Investment Strategy for the Implementation of Modernization Potential. WSEAS TRANSACTIONS on SYSTEMS and CONTROL, 16, 430-438. DOI: 10.37394/23203.2021.16.38.
Author Response
Please see the attachment.
Author Response File: Author Response.docx
