اثر علی متقابل سرمایه گذاری مستقیم خارجی و رشد اقتصادی: شواهدی از همجمعی پنل پویا
|کد مقاله||سال انتشار||مقاله انگلیسی||ترجمه فارسی||تعداد کلمات|
|45207||2015||15 صفحه PDF||سفارش دهید||6684 کلمه|
Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)
Journal : Procedia Economics and Finance, Volume 23, 2015, Pages 276–290
In all countries, especially developing, foreign direct investment (FDI) plays a very important role, they are even considered as the engine of economic growth and development. Engaged in good conditions, foreign capital can help reduce the gap between capital requirements and national saving, raise skill levels in the host economy, improve market access and contribute to technology transfer and good governance. Foreign investment comes in many forms. In what follows, we will show through theoretical and empirical studies the effect of the investment on economic growth of countries.This study analyzes the relationship between foreign direct investment and economic growth in 65 countries, using co-integration and panel Granger causality tests in panel data. The results show a disparity in terms of the relationship between the co-integration of the panel study. The results also indicate a unidirectional causality from FDI to GDP, which could be a good tool to prioritize the allocation of resources across sectors to promote foreign direct investment.