Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/197023
Authors: 
Choi, Yoon Jung
Baek, Jungho
Year of Publication: 
2017
Citation: 
[Journal:] Economies [ISSN:] 2227-7099 [Volume:] 5 [Year:] 2017 [Issue:] 2 [Pages:] 1-9
Abstract: 
The main contribution of this article is to examine the productivity spillover effects from India's inward foreign direct investment (FDI), controlling for trade, in the framework of the cointegrated vector autoregression (CVAR). For this purpose, using the Solow residual approach the aggregate total factor productivity (TFP) in India is estimated to measure FDI-induced spillovers. The results show that the inflow of FDI to India indeed improves TFP growth through positive spillover effects. We also find that trade appears to have a detrimental effect on TFP growth in India.
Subjects: 
cointegrated VAR
FDI
India
total factor productivity
JEL: 
C22
F14
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Article
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