Role of capital investment, investment risks, and globalization in economic growth.

The study investigates the role of public and private capital investment and globalization in the economic growth of 34 Asian economies along with investment risk and demographic pressure. By applying the two‐step system generalized method of moment, results show that private capital investment in Asian emerging‐economies has been a substantial positive impact on regional economic growth and is significantly influenced by low‐investment risks and demographic conditions as compared to low‐income and advance‐economies from 2001 to 2019. It further states that economic globalization accelerates the economic growth in Asian emerging, developing, and low‐income economies compared to advanced‐economies. This study contributes to the existing literature by analyzing Asian economies in two ways (separately public and private investment and economic globalization index to economic growth), which has been scarce in this regard. The study also suggests that private capital investment should be backed with low‐risk investment policies that create more private investment, enhance the institutional capacity, productivity, and attract foreign investors. This study's findings highlight that, for the development of the economies, private‐investment inclusion with public‐investment is the backbone that can accelerate economic growth by controlling external pressures and business risk in the country with effective public policies. [ABSTRACT FROM AUTHOR]