EconStor >
United Nations University (UNU) >
World Institute for Development Economics Research (UNU-WIDER), United Nations University >
WIDER Research Papers, United Nations University (UNU) >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/63432
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorChowdhury, Abduren_US
dc.contributor.authorMavrotas, Georgeen_US
dc.date.accessioned2012-09-21T09:39:37Z-
dc.date.available2012-09-21T09:39:37Z-
dc.date.issued2005en_US
dc.identifier.isbn9291907049en_US
dc.identifier.urihttp://hdl.handle.net/10419/63432-
dc.description.abstractThe paper examines the causal relationship between FDI and economic growth by using an innovative econometric methodology to study the direction of causality between the two variables. We apply our methodology, based on the Toda-Yamamoto test for causality, to time-series data covering the period 1969-2000 for three developing countries, namely Chile, Malaysia and Thailand, all of them major recipients of FDI with a different history of macroeconomic episodes, policy regimes and growth patterns. Our empirical findings clearly suggest that it is GDP that causes FDI in the case of Chile and not vice versa, while for both Malaysia and Thailand, there is a strong evidence of a bi-directional causality between the two variables. The robustness of the above findings is confirmed by the use of a bootstrap test employed to test the validity of our results. – FDI ; economic growth ; causality ; Toda-Yamamoto testen_US
dc.language.isoengen_US
dc.publisherUNU-WIDER Helsinkien_US
dc.relation.ispartofseriesResearch Paper, UNU-WIDER, United Nations University (UNU) 2005/25en_US
dc.subject.jelF39en_US
dc.subject.jelO4en_US
dc.subject.jelC32en_US
dc.subject.ddc330en_US
dc.subject.stwDirektinvestitionen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwKausalanalyseen_US
dc.subject.stwZeitreihenanalyseen_US
dc.subject.stwEntwicklungsländeren_US
dc.subject.stwChileen_US
dc.subject.stwMalaysiaen_US
dc.subject.stwThailanden_US
dc.titleFDI and growth: a causal relationshipen_US
dc.typeWorking Paperen_US
dc.identifier.ppn500782083en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:WIDER Research Papers, United Nations University (UNU)

Files in This Item:
File Description SizeFormat
500782083.pdf79.12 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.