- Autor
- Mehrara Mohsen (University of Tehran, Iran), Haghnejad Amin (Ferdowsi University of Mashhad, Mashhad, Iran), Dehnavi Jalal (Ferdowsi University of Mashhad, Mashhad, Iran), Meybodi Fereshteh Jandaghi (Ferdowsi University of Mashhad, Mashhad, Iran)
- Tytuł
- Dynamic Causal Relationships among GDP, Exports, and Foreign Direct Investment (FDI) in the Developing Countries
- Źródło
- International Letters of Social and Humanistic Sciences (ILSHS), 2014, vol. 3, s. 1-19, tab., bibliogr. 67 poz.
- Słowa kluczowe
- Przyczynowość, Eksport, Produkt krajowy brutto (PKB), Inwestycje bezpośrednie, Inwestycje zagraniczne, Wzrost gospodarczy, Badania empiryczne, Kraje rozwijające się
Causality, Export, Gross domestic product (GDP), Direct investments, Foreign investment, Economic growth, Empirical researches, Developing countries - Uwagi
- summ.
- Abstrakt
- Using panel techniques, this paper estimates the causality among economic growth, exports, and Foreign Direct Investment (FDI) inflows for developing countries over the period of 1980 to 2008. The study indicates that; firstly, there is strong evidence of bidirectional causality between economic growth and FDI inflows. Secondly, the exports-led growth hypothesis is supported by the finding of unidirectional causality running from exports to economic growth in both the short-run and the long-run. Thirdly, export is not Granger caused by economic growth and FDI inflow in either the short run or the long run. On the basis of the obtained results, it is recommended that outward-oriented strategies and policies of attracting FDI be pursued by developing countries to achieve higher rates of economic growth. On the other hand, the countries can increase FDI inflows by stimulating their economic growth. (original abstract)
- Pełny tekst
- Pokaż
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- ISSN
- 2300-2697
- Język
- eng