Sectoral analysis of foreign direct investment and growth in the developed countries

Vu, Tam Bang; Noy, Ilan

doi:10.1016/j.intfin.2008.04.002

Cited by 59 publications

(35 citation statements)

References 28 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…However, the empirical evidence is not unanimous. The above earlier findings give the evidence that the nexus between foreign direct investment and economic growth is far from straightforward [18]. It varies from country to country and even within a country with different time periods.…”

Section: Literature Reviewmentioning

confidence: 88%

Foreign Direct Investment and Economic Growth in BRICS Economies: A Panel Data Analysis

Agrawal¹

2015

JOEBM

101

View full text Add to dashboard Cite

Abstract-The research paper is an attempt to examine the relationship between foreign direct investment (FDI) and economic growth in the five BRICS economies namely, Brazil, Russia, India, China and South Africa over the period 1989-2012. The empirical methodology cointegration and causality analysis at panel level is applied. The results confirm that foreign direct investment and economic growth are cointegrated at the panel level, indicating the presence of long run equilibrium relationship between them. Results from causality tests indicate that there is long run causality running from foreign direct investment to economic growth in these economies. It is thus important that policymakers to remove obstacles to FDI inflows and improve the respective absorptive capacity in order to reap maximum positive growth effects.

show abstract

Section: Literature Reviewmentioning

confidence: 88%

Foreign Direct Investment and Economic Growth in BRICS Economies: A Panel Data Analysis

Agrawal¹

2015

JOEBM

101

View full text Add to dashboard Cite

show abstract

“…Duasa (2007) detects no causality between FDI and economic growth in Malaysia, but suggested that FDI does contribute to stability of growth. The above earlier findings give the evidence that the nexus between foreign direct investment and economic growth is far from straightforward (Vu and Noy, 2009). It varies from country to country and even within a country with different time periods.…”

Section: Literature Reviewmentioning

confidence: 93%

The FDI- Led- Growth Hypothesis in ASEAN- 5 Countries: Evidence from Cointegrated Panel Analysis

Pradhan¹

2009

IJBM

View full text Add to dashboard Cite

The paper works out the relationship between foreign direct investment (FDI) and economic growth in the five ASEAN countries namely, namely Indonesia, Malaysia, Philippines, Singapore and Thailand over the period . The empirical analysis is based on cointegration and causality test, both at the individual level and panel level. The results confirm that foreign direct investment and economic growth are cointegrated at the panel level, indicating the presence of long run equilibrium relationship between them. This is, however, true only for Singapore and Thailand at the individual country level. The Granger causality test further gives evidence that there is bidirectional causality between foreign direct investment and economic growth both at the panel level as well as individual country level except Malaysia.

show abstract

“…A common problem in cross-county growth research (Temple 1999 Attempts to find a suitable instrument for FDI in the GDP equation in the literature has been less than convincing, and has typically relied on variables that also enter the GDP equation (see Vu and Noy (2009) or Chowdhury, and Mavrotas (2006)). In practice however, this places two demands on the model.…”

Section: Estimation and Econometric Considerationsmentioning

confidence: 99%

Impact of FDI, ODA and Migrant Remittances on Economic Growth in Developing Countries: A Systems Approach

Driffield

Jones

2013

Eur J Dev Res

View full text Add to dashboard Cite

show abstract

Sectoral analysis of foreign direct investment and growth in the developed countries

Cited by 59 publications

References 28 publications

Foreign Direct Investment and Economic Growth in BRICS Economies: A Panel Data Analysis

Foreign Direct Investment and Economic Growth in BRICS Economies: A Panel Data Analysis

The FDI- Led- Growth Hypothesis in ASEAN- 5 Countries: Evidence from Cointegrated Panel Analysis

Impact of FDI, ODA and Migrant Remittances on Economic Growth in Developing Countries: A Systems Approach

Contact Info

Product

Resources

About