- Tytuł:
- Is Foreign Direct Investment a Real Driving Force of Economic Growth? A Panel Data Analysis
- Autorzy:
-
Khalilov, Latif
Yi, Chae-Deug - Powiązania:
- https://bibliotekanauki.pl/articles/2075471.pdf
- Data publikacji:
- 2020
- Wydawca:
- Polska Akademia Nauk. Czytelnia Czasopism PAN
- Tematy:
-
economic growth
FDI
human capital
research and development
panel analysis - Opis:
- The purpose of this empirical study is to find the relationship between economic growth and foreign direct investment (FDI) in the Commonwealth of Independent States (CIS) and Central and Eastern European Countries (CEECs) using endogenous technological change model. First, we combine the CIS and CEECs into one group to test our hypothesis, and then we test each group separately to account for heterogeneity and draw a conclusion whether FDI is indeed a driving force of the economy. Panel data have been used from 2003 to 2014 and different panel estimation methods have been applied. Additionally, we use the Generalized Method of Moments (GMM) panel estimator to control for endogeneity problem. The present study finds that FDI is an important factor explaining economic growth in the pooled group and CEECs, although it is not significant in the case of CIS.
- Źródło:
-
Central European Journal of Economic Modelling and Econometrics; 2020, 3; 273-299
2080-0886
2080-119X - Pojawia się w:
- Central European Journal of Economic Modelling and Econometrics
- Dostawca treści:
- Biblioteka Nauki
Artykuł