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Foreign Knowledge Spillovers and Total Factor Productivity Growth: Evidence from Four ASEAN Countries

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  • Mohammad Sharif Karimi

    (Department of Economics, Faculty of Social Sciences, Razi University, Kermanshah, Iran.)

  • Andrzej Cieslik

    (Faculty of Economic Sciences, University of Warsaw, Warsaw, Poland.)

Abstract

This study examines the dynamic relationship between foreign direct investment (FDI) and total factor productivity having controlled for other channels of external openness: exports and imports in four ASEAN countries: Indonesia, Malaysia, Singapore, and Thailand. We employ the panel data analysis PDA (fixed effect and dynamic panel models) as well as the panel cointegration and Granger causality methods, using the data set for the period 1975-2010. The empirical results provide strong evidence on the impact of FDI and other channels of external openness on total factor productivity in ASEAN countries. We also find a short run and long run causality among these variables during the period of our study.

Suggested Citation

  • Mohammad Sharif Karimi & Andrzej Cieslik, 2017. "Foreign Knowledge Spillovers and Total Factor Productivity Growth: Evidence from Four ASEAN Countries," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 21(2), pages 267-299, Spring.
    • Handle: RePEc:eut:journl:v:21:y:2017:i:2:p:267
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