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The Causal Relationship between Information and Communication Technology and Foreign Direct Investment

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  • Roghieh Gholami
  • Sang-Yong Lee
  • Almas Heshmati

Abstract

This paper investigates the simultaneous causal relationship between investments in information and communication technology (ICT) and foreign direct investment (FDI), with reference to its implications on economic growth. For the empirical analysis we use data from 23 major countries with heterogeneous economics development for the period 1976-99. The results of unit roots and Johansen co-integration tests indicate variations in degrees of integration among the sample countries.

Suggested Citation

  • Roghieh Gholami & Sang-Yong Lee & Almas Heshmati, 2003. "The Causal Relationship between Information and Communication Technology and Foreign Direct Investment," WIDER Working Paper Series DP2003-30, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2003-30
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