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Determinants of Economic Growth in Japan: The Role of Foreign Direct Investment


  • Asheghian Parviz

    () (California State University - San Bernardino)


The purpose of this study is: (1) to examine the determinants of economic growth in Japan over time, and (2) to see if there is any time-series support for FDI-led growth hypothesis in Japan. To achieve these goals the study uses a model that is based on the postulates of de Mello. Employing a 35-year period of annual data, the model is estimated by using the Beach-Mackinnon technique, which corrects for autocorrelation. The estimation results suggest: (1) the major determinants of economic growth in Japan are total factor productivity, and domestic investment growth; (2) there are no causal relationships between foreign direct investment growth and economic growth in either direction; and (3) there are no causal relationships between foreign direct investment growth and total factor productivity growth in either direction.

Suggested Citation

  • Asheghian Parviz, 2009. "Determinants of Economic Growth in Japan: The Role of Foreign Direct Investment," Global Economy Journal, De Gruyter, vol. 9(3), pages 1-11, September.
  • Handle: RePEc:bpj:glecon:v:9:y:2009:i:3:n:9

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    1. repec:sae:globus:v:18:y:2017:i:2:p:275-290 is not listed on IDEAS
    2. repec:vrs:seejeb:v:11:y:2016:i:2:p:33-47:n:3 is not listed on IDEAS
    3. Themba G. Chirwa & Nicholas M. Odhiambo, 2017. "Sources of Economic Growth in Zambia: An Empirical Investigation," Global Business Review, International Management Institute, vol. 18(2), pages 275-290, April.

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