2013
DOI: 10.1016/j.iref.2012.07.011
|View full text |Cite
|
Sign up to set email alerts
|

Foreign direct investment and output growth volatility: A worldwide analysis

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
3
1

Citation Types

1
9
0
1

Year Published

2013
2013
2024
2024

Publication Types

Select...
9

Relationship

0
9

Authors

Journals

citations
Cited by 25 publications
(11 citation statements)
references
References 60 publications
1
9
0
1
Order By: Relevance
“…In addition, our estimation results reveal that the volatility of the growth rate tends to drop between 0.874 per cent to 4.219 per cent for every 1 per cent increase in financial development (i.e., lnFD t , lnM2 t , lnM3 t , lnPRI t , and lnBC t ). These findings are corroborated with previous studies such as Sahoo et al (2019), Moradbeigi and Law (2016), Ćorić and Pugh (2013), Dabla-Norris and Srivisal 2013, Darrat et al (2005), Denizer et al (2002), Taylor (1994Taylor ( , 1996, Levine (1997), and Bencivenga and Smith (1992). Next, we extend our study to investigate the moderating effect of financial development on the impact of inflation volatility, trade openness and FDI on growth volatility in Malaysia.…”
Section: Methodology and Resultssupporting
confidence: 91%
See 1 more Smart Citation
“…In addition, our estimation results reveal that the volatility of the growth rate tends to drop between 0.874 per cent to 4.219 per cent for every 1 per cent increase in financial development (i.e., lnFD t , lnM2 t , lnM3 t , lnPRI t , and lnBC t ). These findings are corroborated with previous studies such as Sahoo et al (2019), Moradbeigi and Law (2016), Ćorić and Pugh (2013), Dabla-Norris and Srivisal 2013, Darrat et al (2005), Denizer et al (2002), Taylor (1994Taylor ( , 1996, Levine (1997), and Bencivenga and Smith (1992). Next, we extend our study to investigate the moderating effect of financial development on the impact of inflation volatility, trade openness and FDI on growth volatility in Malaysia.…”
Section: Methodology and Resultssupporting
confidence: 91%
“…Besides, a battery of empirical studies (Blanchard & Simon, 2001;Ćorić & Pugh, 2013;Fuhrer, 1997;Judson & Orphanides, 1996;Moradbeigi & Law, 2016;Taylor, 1996) have analysed the nexus between inflation-output volatility. They mostly found a trade-off relationship between the volatility of inflation and output growth, probably due to the intervention of inflation-targeting policy (Fuhrer, 1997;Taylor, 1996Taylor, , 1994.…”
Section: Methodology and Resultsmentioning
confidence: 99%
“…Some researchers highlight the importance of foreign capital employed for the economy's growth, both directly through an increase in productivity and exports, and indirectly through easier technological transfer (Teixeira and Shu, 2012). Ćorić and Pugh (2013) found that foreign direct investments in the pre-crisis period negatively influenced GDP growth volatility, thus contributing to the reduction of risks.…”
Section: Research Framework and Methodologymentioning
confidence: 99%
“…Levchenko, Ranciere, and Thoenig (2009), however, find evidence that financial liberalization increases output volatility. Recently, Ćorić and Pugh (2013) Researchers typically measure financial development by the ratio of claims on the private sector by deposit money banks and other financial institutions to GDP (e.g., Levine, Loayza, andAghion, Howitt, andMayor-Foulkes, 2005). Given their measure of bank (financial) development, Cetorelli and Gambera (2001) investigate whether the market structure of the banking system exerts any influence on economic growth.…”
Section: Introductionmentioning
confidence: 99%