The impact of FDI on economic growth in Eurozone countries

Pegkas, Panagiotis

doi:10.1016/j.jeca.2015.05.001

Cited by 220 publications

(155 citation statements)

References 28 publications

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“…Tan & Tang, 2016;Vogiatzoglou & Thi, 2016). Another recent study also confirms the important role of FDI in stimulating economic growth in the Eurozone countries (Pegkas, 2015). Turning to country-specific studies, for example, Ramírez (2000) performed a study on the causal impact of FDI on growth for Mexico, using data for the period 1960-1995.…”

Section: Literature Reviewmentioning

confidence: 92%

Causality between foreign direct investment and economic growth for Cambodia

Sothan¹

2017

Cogent Economics & Finance

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Abstract:The relationship between foreign direct investment (FDI) and economic growth in recipient economies remains one of the hottest debates. As confirmed in the literature, many studies support the growth impact of FDI, but some do not. Cambodia, a war-torn economy, also depends on FDI as a driver of economic growth. In addition, the causal relationship between FDI and growth in Cambodia is not fully known. Therefore, this paper is an attempt to examine the causal link between the two variables over the period 1980-2014, using Granger causality test based on the vector error correction model. The empirical results provide strong evidence on the causal impact of FDI on Cambodia's economic growth (GDP). However, the study does not confirm causality to run from GDP to FDI. This can be concluded that the growth impact of FDI is sufficiently supported in Cambodia.

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Section: Literature Reviewmentioning

confidence: 92%

Causality between foreign direct investment and economic growth for Cambodia

Sothan¹

2017

Cogent Economics & Finance

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“…The research revealed that FDI inflows had a significant impact on economic growth in the African region during the period of interest. Studies by Pegkas (2015) found a long run positive relationship between FDI stock and economic growth in Eurozone countries during the period of 2002-2012. The author employed panel data estimations and ran the regression using Full Modified Ordinary Least Square (FMOLS) and Dynamic Ordinary Least Square (DOLS), which have properties to remove endogeneity problem in the econometric model.…”

Section: Foreign Direct Investment and Economic Growthmentioning

confidence: 99%

Does Foreign Direct Investment Successfully Lead to Sustainable Development in Singapore?

2017

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“…Found that long run causal interrelationship within domestic investment and FDI, moreover they found both domestic investment and FDI as growth increasing. Pegkas (2015) estimates the causal interrelationship within FDI and growth for the period of 2002 to 2012. The study employed the panel data analysis by using the FMOLS and DOLS methods found that there long run interrelationship within FDI and growth.…”

Section: Review Of Literaturementioning

confidence: 99%

Does Foreign Direct Investment Lead to Economic Growth? Evidences from Asian Developing Countries

Ali¹,

Mingque²

2018

IJEF

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The study about the interrelationship between FDI and economic growth in the host country is one of the hottest discussions. Some of the studies have evidence and consider FDI as the growth driver and some others don't. This study attempted to scrutinize the causal association of FDI with GDP in Indonesia, India, Malaysia and Bangladesh for the years of 1990 to 2014. Cointegration test has been applied in this study which shows that there is a long-term interrelationship within FDI and economic growth and then applied the Granger causality (GC) test which is based on the VECM. The short run results show that there are no evidence of causality direction from FDI to GDP and vice versa, whereas the long run results show that there is a positive impact of FDI and other variables to the GDP but not significant, and from GDP and other variables to FDI there is a negative interrelationship but significant. The results show the ambiguous interrelationship between FDI and economic growth.

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The impact of FDI on economic growth in Eurozone countries

Cited by 220 publications

References 28 publications

Causality between foreign direct investment and economic growth for Cambodia

Causality between foreign direct investment and economic growth for Cambodia

Does Foreign Direct Investment Successfully Lead to Sustainable Development in Singapore?

Does Foreign Direct Investment Lead to Economic Growth? Evidences from Asian Developing Countries

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