Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/169069
Authors: 
Enache, Calcedonia
Merino, Fernando
Year of Publication: 
2017
Citation: 
[Journal:] Amfiteatru Economic Journal [ISSN:] 2247-9104 [Volume:] 19 [Year:] 2017 [Issue:] 44 [Pages:] 275-288
Abstract: 
This study aims to examine the dynamic relationship between foreign direct investments (FDI) and economic growth, using the Structural Vector Autoregressive model, in the period 2007-2014. The results of the econometric model show that the trajectory of FDI has its own origins, with reduced influences from economic growth. Another important conclusion is that there is a unidirectional causal relationship from the economic growth towards FDI, more precisely the influence of FDI on economic growth does not have a systematic, anticipatory nature. These results were achieved in the condition that, in the analyzed period, the net inflows of FDI were influenced by the lack of certainty on the sustainable re-launching of the economic growth both domestically and internationally, the segmentation of the financial market, the domestic structural reforms.
Subjects: 
foreign direct investment
economic growth
vector autoregressive model
Sims-Bernanke decomposition
Granger causality test
JEL: 
C18
E43
F21
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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