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Impact of FDI on Economic Development: A Causality Analysis for Singapore, 1976 – 2002

Author

Listed:
  • Mete Feridun

    () (Department of Banking and Finance, Faculty of Business and Economics, Eastern Mediterranean University, Gazi Magosa, Cyprus)

  • Yaya Sissoko

    () (Department of Economics, 213E McElhaney Hall, Indiana University of Pennsylvania, Indiana, PA 15705)

Abstract

This study examines the relationship between economic growth as measured by GDP per capita and foreign direct investment for Singapore, using the methodology of Granger causality and vector auto regression (VAR). Evidence shows that there is a unidirectional Granger causation from foreign direct investment to economic growth.

Suggested Citation

  • Mete Feridun & Yaya Sissoko, 2011. "Impact of FDI on Economic Development: A Causality Analysis for Singapore, 1976 – 2002," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Eastern Macedonia and Thrace Institute of Technology (EMATTECH), Kavala, Greece, vol. 4(1), pages 7-17, March.
  • Handle: RePEc:tei:journl:v:4:y:2011:i:1:p:7-17
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    File URL: http://ijbesar.teiemt.gr/docs/volume4_issue1/fdi_singapore.pdf
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    File URL: http://ijbesar.teiemt.gr/volume4_issue1.php
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    References listed on IDEAS

    as
    1. de Mello, Luiz R, Jr, 1999. "Foreign Direct Investment-Led Growth: Evidence from Time Series and Panel Data," Oxford Economic Papers, Oxford University Press, vol. 51(1), pages 133-151, January.
    2. Luiz de Mello, 1997. "Foreign direct investment in developing countries and growth: A selective survey," Journal of Development Studies, Taylor & Francis Journals, vol. 34(1), pages 1-34.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Kwang-Myoung Hwang & Donghyun Park & Kwanho Shin, 2013. "Capital Market Openness and Output Volatility," Pacific Economic Review, Wiley Blackwell, vol. 18(3), pages 403-430, August.
    2. Zuzana Gallová & Daniel Stavárek, 2010. "Modeling Of Causal Relationships Between Foreign Direct Investement, Export And Economic Growth For Slovenia," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 6, pages 489-498.
    3. V. U. Duc Cong & Kihwan Lee & V. U. Hoang Long, 2016. "An Empirical Analysis of the Prominent Roles of Taxations in the Synchronicity on Boost of Maritime Industry in Singapore," International Journal of Economics and Financial Issues, Econjournals, vol. 6(1), pages 118-131.
    4. Betty Annan & William Bekoe & Edward Nketiah-Amponsah, 2013. "Determinants of Tax Evasion in Ghana: 1970-2010," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Eastern Macedonia and Thrace Institute of Technology (EMATTECH), Kavala, Greece, vol. 6(3), pages 97-121, December.
    5. Abdouli, Mohamed & Hammami, Sami, 2017. "Investigating the causality links between environmental quality, foreign direct investment and economic growth in MENA countries," International Business Review, Elsevier, vol. 26(2), pages 264-278.

    More about this item

    Keywords

    Granger Causality; Vector Auto Regression; Economic Growth;

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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