Foreign direct investment and economic growth: An increasingly endogenous relationship

被引：465

作者：

Li, XY ^{[1
]}

Liu, XM

机构：

[1] Univ Surrey, Guildford GU2 5XH, Surrey, England

[2] Univ Nottingham, Nottingham NG7 2RD, England

来源：

WORLD DEVELOPMENT | 2005年 / 33卷 / 03期

关键词：

foreign direct investment; economic growth; endogenous relationship; developed countries; different groups of developing countries;

D O I：

10.1016/j.worlddev.2004.11.001

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

This paper investigates whether foreign direct investment (FDI) affects economic growth based on a panel of data for 84 countries over the period 1970-99. Both single equation and simultaneous equation system techniques are applied to examine this relationship. A significant endogenous relationship between FDI and economic growth is identified from the mid-1980s onwards. FDI not only directly promotes economic growth by itself but also indirectly does so via its interaction terms. The interaction of FDI with human capital exerts a strong positive effect on economic growth in developing countries, while that of FDI with the technology gap has a significant negative impact. (c) 2004 Elsevier Ltd. All rights reserved.

引用

页码：393 / 407

页数：15

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[21]

2-0

[22] Unit roots and long-run causality: investigating the relationship between output, money and interest rates [J].