Open AccessJournal Article
Foreign Direct Investment and Economic Growth: Evidence from Southern Asia
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TLDR
In this paper, the influence of foreign direct investment (FDI) on economic growth in Southern Asia for the period 1977-2009 was investigated and it was shown that FDI has a positive and significant effect on the economic growth.Abstract:
The aim of this paper is to investigate the influence of foreign direct investment (FDI)
on economic growth in Southern Asia for the period 1977-2009. The Im, Pesaran and
Shin (2003) unit root test shows the variables are stationary in level and Hausman
(1978) test proves that we should apply the random effects model. Having estimated
the model we come to the conclusion that foreign direct investment (FDI) has positive
and significant effect on economic growth and variables such as human capital,
economic infrastructure and capital formation have positive effect on gross domestic
product (GDP). But, population, technology gap and inflation have negative effect on
the economic growth.read more
Citations
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Do foreign direct investments help to bolster economic growth? New insights from Asian and Middle East economies
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The Shadow Economy, Human Development and Foreign Direct Investment Inflows
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Are Technological Innovation and Foreign Direct Investment a Way to Boost Economic Growth? An Egyptian Case Study Using the Autoregressive Distributed Lag (ARDL) Model
TL;DR: In this article, the authors test the relationship between foreign direct investment, technological innovation, and economic growth of the Egyptian economy during the period between 1990-2019 using the autoregressive distributed lag model simultaneous integration test.
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Does agricultural sector foreign direct investment promote economic growth of Pakistan? Evidence from cointegration and causality analysis
TL;DR: In this article, the authors examined the linkage between agricultural sector foreign direct investment (FDI) and economic growth in Pakistan over the period from 1991 to 2013, by using Phillips-Perron and Dickey-Fuller generalized least squares unit root tests and Johansen cointegration technique to determine the long-run linkage among the studied variables.
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References
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Journal ArticleDOI
Specification Tests in Econometrics
TL;DR: In this article, the null hypothesis of no misspecification was used to show that an asymptotically efficient estimator must have zero covariance with its difference from a consistent but asymptonically inefficient estimator, and specification tests for a number of model specifications in econometrics.
Journal ArticleDOI
Likelihood ratio statistics for autoregressive time series with a unit root
David A. Dickey,Wayne A. Fuller +1 more
Journal ArticleDOI
Testing for unit roots in heterogeneous panels
TL;DR: In this article, a unit root test for dynamic heterogeneous panels based on the mean of individual unit root statistics is proposed, which converges in probability to a standard normal variate sequentially with T (the time series dimension) →∞, followed by N (the cross sectional dimension)→∞.
Journal ArticleDOI
Multinational Enterprises and the Global Economy.
Journal ArticleDOI
How does foreign direct investment affect economic growth
TL;DR: In this article, the effect of FDI on economic growth in a cross-country regression framework was investigated. And they found that FDI contributes to economic growth only when a sufficient absorptive capability of the advanced technologies is available in the host economy.