Do Foreign Direct Investment and Gross Domestic Investment Promote Economic Growth?
The paper attempts to show causal relationships between economic growth and FDI and GDI in 80 countries over the period 1971-95, by using a panel VAR model. The results show that FDI Granger-causes economic growth, and vice versa; however, the effects are rather more apparent from growth to FDI than from FDI to growth. Also, GDI does not Granger-cause economic growth, but economic growth robustly Granger-causes GDI. These findings suggest that strong positive associations between economic growth and FDI inflows or GDI rates do not necessarily mean that high FDI inflows or GDI rates lead to rapid economic growth. Copyright Blackwell Publishing Ltd 2003
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 7 (2003)
Issue (Month): 1 (February)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=1363-6669|
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=1363-6669|
When requesting a correction, please mention this item's handle: RePEc:bla:rdevec:v:7:y:2003:i:1:p:44-57. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.