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Economic Growth and FDI in Asia: A Panel-Data Approach

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Author Info

  • Aviral Kumar Tiwari

    ()
    (Faculty of Applied Economics, Faculty of Management, ICFAI University, Tripura, Kamalghat, Sadar, West Tripura, 799210, Room No.405, India)

  • Mihai Mutascu

    ()
    (LEO (Laboratoire d'Economie d'Orléans) UMR6221, Faculté de Droit d'Economie et de Gestion, University of Orléans, Rue de Blois - B.P. 6739, 45067, Orléans, France)

Abstract

This study examines the impact of foreign direct investment on economic growth in Asian countries. We did our analysis in the panel framework for the period 1986 to 2008. We also examined the nonlinearities associated with foreign direct investment and exports in the economic growth process of Asian countries under consideration. We find that both foreign direct investment and exports enhance the growth process. In addition, labour and capital also play an important role in the growth of Asian countries. We suggest an export-led growth path particularly at the initial stage of growth and in the later period, dependence on FDI might be a feasible option.

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Bibliographic Info

Article provided by Queensland University of Technology (QUT), School of Economics and Finance in its journal Economic Analysis and Policy (EAP).

Volume (Year): 41 (2011)
Issue (Month): 2 (September)
Pages: 173-187

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Handle: RePEc:eap:articl:v:41:y:2011:i:2:p:173-187

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Related research

Keywords: Growth; FDI; Connection; Effects; Panel analysis;

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References

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  1. Dees, Stephane, 1998. " Foreign Direct Investment in China: Determinants and Effects," Economic Change and Restructuring, Springer, vol. 31(2-3), pages 175-94.
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Citations

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Cited by:
  1. Jawaid, Syed Tehseen & Raza, Syed Ali, 2012. "Foreign Direct Investment, Growth and Convergence Hypothesis: A Cross Country Analysis," MPRA Paper 39000, University Library of Munich, Germany.
  2. Aviral Kumar Tiwari, 2011. "Tourism, Exports and FDI as a Means of Growth: Evidence from four Asian Countries," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 14(40), pages 131-151, June.
  3. Noor-e-Saher, 2011. "Impact of Oil Prices on Economic Growth and Exports Earning: In the Case of Pakistan and India," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 14(40), pages 117-151, June.
  4. Alege, Philip & Ogundipe, Adeyemi, 2013. "The Role of Services Trade in Economic Development," MPRA Paper 51695, University Library of Munich, Germany.

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