Have a personal or library account? Click to login
Causality Analysis of Disaggregated FDI Inflows on Sectorial Growth in OECD Area Cover

Causality Analysis of Disaggregated FDI Inflows on Sectorial Growth in OECD Area

Open Access
|Oct 2020

References

  1. 1. Acemoglu, D., (2009), Introduction to modern economic growth, Princeton: Princeton University Press
  2. 2. Acemoglu, D., Ventura, J., (2002), The world income distribution, The Quarterly Journal of Economics, 117, pp. 659-694
  3. 3. Agiomirgianakis, G.M., Asteriou, D., Papathoma, K., (2003), The determinants of foreign direct investment: A panel data study for the OECD countries10.1007/978-1-4419-8881-2_6
  4. 4. Agrawal, G., Khan, M.A., (2011), Impact of FDI on GDP: A comparative study of China and India, International Journal of Business and Management, 6(10), 71
  5. 5. Alam, A., Shah, S.Z.A., (2013), Determinants of foreign direct investment in OECD member countries, Journal of Economic Studies10.1108/JES-10-2011-0132
  6. 6. Alfaro, L., (2003)., Foreign direct investment and growth: Does the sector matter, Harvard Business School Working Paper, pp. 1-31
  7. 7. Alguacil, M., Cuadros, A., Orts, V., (2011), Inward FDI and growth: The role of macroeconomic and institutional environment, Journal of Policy Modeling, 33(3), pp. 481-496
  8. 8. Ali, H., Asgher, M., (2016), The Role of Sectoral Composition of Foreign Direct Investment on Economic Growth: A policy Proposal for CPEC and Regional Partners, The Pakistan Development Review: 89-103
  9. 9. Antras, P., Helpman, E., (2004), Global sourcing, Journal of Political Economy, 112, pp. 552–580
  10. 10. Athukorala, P., Wagle, S., (2011), Foreign Direct Investment in Southeast Asia: Is Malaysia falling behind10.1355/ae28-2b
  11. 11. Ayyagari, M., Kosová, R., (2010), Does FDI facilitate domestic entry? Evidence from the Czech Republic, Review of International Economics, 18(1), pp. 14-29
  12. 12. Balakrishnan, M.S., Muhammad, N., Sikdar, A., Rogmans, T., Ebbers, H. (2013). The determinants of foreign direct investment in the Middle East North Africa region, International Journal of Emerging Markets
  13. 13. Balasubramanyam, V.N., Salisu, M., Sapsford, D., (1999), Foreign direct investment as an engine of growth, Journal of International Trade & Economic Development, 8(1), pp. 27-40
  14. 14. Bano, S., Tabbada, J., (2015), Foreign Direct Investment Outflows: Asian Developing Countries, Journal Economic Integration; 30(2), pp. 359-398
  15. 15. Bengoa, M., Sanchez-Robles, B., (2003), Foreign direct investment, economic freedom and growth: new evidence from Latin America, European journal of political economy, 19(3), pp. 529-545
  16. 16. Bissinger, J., (2012), Foreign Investment in Myanmar: A resource boom but a development bust?, Contemporary South East Asia; 34(1), pp. 23-52
  17. 17. Blonigen, B.A., Piger, J., (2014), Determinants of Foreign Direct Investment, The Canadian Journal of Economics, 47(3), pp. 775-812
  18. 18. Buchanan, B.G., Le, Q.V., Rishi, M., (2012), Foreign direct investment and institutional quality: Some empirical evidence, International Review of financial analysis, 21, pp. 81-89
  19. 19. Campos, N.F., Kinoshita, Y., (2002), Foreign direct investment as technology transferred: Some panel evidence from the transition economies, The Manchester School, 70(3), pp. 398-419
  20. 20. Chen, (2015), The impact of Coastal FDI on Inland Economic Growth in China, In the book title: China Transformation in a Global Context, Anu Press10.22459/CDTGC.07.2015.14
  21. 21. Chakraborty, C., Nunnenkamp, P., (2008), Economic reforms, FDI, and economic growth in India: a sector level analysis, World development, 36(7), pp. 1192-1212
  22. 22. Danzman, S.B., (2020), Foreign direct investment policy, domestic firms, and financial constraints, Business and Politics, 22(2), pp. 279-306
  23. 23. De Mello, L.R., (1997), Foreign Direct Investments in Developing Countries and Growth: A Selective Survey, Journal of Development Studies, 34(1997), pp. 115-35
  24. 24. De Mello, L.R., (1999), Foreign direct investment-led growth: evidence from time series and panel data, Oxford Economic Papers, 51(1), pp. 133-151
  25. 25. Galego, A., Vieira, C., Vieira, I., (2004), The CEECs as FDI Attractors: A Menace to the EU Periphery, Emerging Markets Finance & Trade, 40(5): 710.1080/1540496X.2004.11052585
  26. 26. Ghosh, M., Wang, W., (2010), Does FDI Accelerate Economic Growth? The OECD Experience Based on Panel Data Estimates for the Period 1980-2004, Global Economy Journal, 9(4)10.2202/1524-5861.1496
  27. 27. Ghosh, M., Syntetos, P., Wang, W., (2012), Impact of FDI restrictions on inward FDI in OECD countries, Global Economy Journal, 12(3), pp. 185-265
  28. 28. Golub, S.S., (2003), Measures of restrictions on inward foreign direct investment for OECD countries10.1787/eco_studies-v2003-art3-en
  29. 29. Hausmann, R., Fernandez-Arias, E., (2000), Foreign direct investment: good cholesterol?10.2139/ssrn.1817215
  30. 30. Hayakawa, K., Kimura, F., Lee, H.H., (2013), How does country risk matter for foreign direct investment?, The Developing Economies, 51(1), pp. 60-78
  31. 31. Hoang, T., Wiboonchutikula, P., Tubtimtong, B., (2010), Does Foreign Direct Investment Promote Economic Growth in Vietnam?, ASEAN Economic Bulletin; 27, pp. 295-311
  32. 32. Hsiao, C., Shen, Y., (2003), Foreign direct investment and economic growth: the importance of institutions and urbanization, Economic development and Cultural change, 51(4), pp. 883-896
  33. 33. Hunya, G., (2002), Recent impacts of foreign direct investment on growth and restructuring in Central European transition countries (No. 284), WIIW Research Report
  34. 34. Iwasaki, I., Tokunaga, M., (2014), Macroeconomic impact of FDI in transition economies: A Meta-Analysis, World Development; 61, pp. 53-69
  35. 35. Kapuria-Foreman, V., (2007), Economic freedom and foreign direct investment in developing countries, The Journal of Developing Areas, pp. 143-154
  36. 36. Koyama, T., Golub, S.S., (2006), OECD's FDI regulatory restrictiveness index: revision and extension to more economies
  37. 37. Kurtishi-Kastrati, S., (2013), The effects of foreign direct investments for host country's economy, European Journal of Interdisciplinary Studies, 5(1), 26
  38. 38. Krugman, P., (2000), Fire-sale FDI, In Capital flows and the emerging economies: theory, evidence, and controversies (pp. 43-58), University of Chicago Press
  39. 39. Leibrecht, M., Scharler, J., (2009), How Important is Employment Protection Legislation for Foreign Direct Investment Flows in Central and Eastern European Countries?http://dx.doi.org/10.1111/j.1468-0351.2009.00353.x10.1111/j.1468-0351.2009.00353.x
  40. 40. Lenaerts, K., Merlevede, B., (2015), Firm size and spillover effects from Foreign Direct Investment: The case of Romania, Small Business Economics, 45, pp. 595-611
  41. 41. Lim, D., (1983), Fiscal Incentive and Direct Foreign Investment in Less Developed Countries, Journal of Development Studies, 19(2), pp. 207-212
  42. 42. Madariaga, N., Poncet, S., (2007), FDI in Chinese cities: Spillovers and impact on growth, World Economy, 30(5), pp. 837-862
  43. 43. Mahembe, E., Odhiambo, N.M., (2014), A critical review of FDI inflows and economic growth in low-income SADC countries: prospects and challenges, Problems and perspectives in management, (12, Iss. 1), pp. 7-16
  44. 44. Masron, T.A., Shahbudin, A.S., (2010), Push factors of outward FDI: Evidence from Malaysia and Thailand, Journal of Business & Policy Research, 5, pp. 54-68
  45. 45. Mukhopadhyay, K., (2006), Impact on the Environment of Thailand’s Trade with OECD Countries, Asia-Pacific Trade and Investment Review, 2(1), pp. 25-46
  46. 46. Nasir, M.A., Ahmed, F., Ahmed, M., (2016), Foreign Direct Investment, Aggregate Demand conditional, and exchange Nexus: A panel data analysis of BRICS economies, Global economy10.1515/gej-2016-0012
  47. 47. Nicoletti, G., Scarpetta, S., (2006), Regulation and economic performance: product market reforms and productivity in the OECD, Institutions, Development, and Economic Growth, 13, 81
  48. 48. OECD. Publishing, (2019), OECD International Direct Investment Statistics 2019, OECD Publishing
  49. 49. Ouyang, P., Fu, S., (2012), Economic growth, industrial development and the inter-regional spillovers from foreign direct investment: Evidence of China, China Economic Review, 23(2), pp. 445–60
  50. 50. Ozkan-Gunay, N., (2011), Determinants of FDI inflows and policy implications: A comparative study for the enlarged EU and Candidate Countries, Emerging Markets Finance & Trade; 47(4), pp. 71-85
  51. 51. Pazienza, P., (2015), The environmental impact of the FDI inflow in the transport sector of OECD countries and policy implications, International Advances in Economic Research, 21(1), pp. 105-116
  52. 52. Ray, E.J., (1989), The Determinants of Foreign Direct Investment in the United States, 1979-85, in Robert C. Feenstra, ed., Trade Policies for International Competitiveness, pp. 53-84, University of Chicago Press
  53. 53. Rios-Morales, R., Brennan, L., Schweizer, M., (2016), An Assessment of Chinese Foreign Direct Investment in Switzerland, International Relations, 13(49), pp. 85-105
  54. 54. Rjoub, H., Aga, M., Abu Alrub, A., Bein, M., (2017), Financial reforms and determinants of FDI: evidence from landlocked countries in Sub-Saharan Africa, Economies, 5(1), 1
  55. 55. Ruane, F., Görg, H., (1997), The impact of foreign direct investment on sectoral adjustment in the Irish economy, National Institute Economic Review, 160(1), pp. 76-86
  56. 56. Sadik, A.T., Bolbol, A.A., (2001), Capital flows FDI and technology spillovers: Evidence from Arab countries, World Development, 29, pp. 2111-2125
  57. 57. Sohinger, J., (2005), Growth and convergence in European transition economies: The impact of foreign direct investment, Eastern European Economics, 43(2), pp. 73-94
  58. 58. Solow, R., (1956), A Contribution to the Theory of Economic Growth, The Quarterly Journal of Economics, 70 (1), pp. 65-94
  59. 59. Tsai, P., (1994), Determinants of Foreign Direct Investments and its Impact on Economic Growth, Journal of Economic Development, 19, pp. 137-163
  60. 60. Turkcan, B., Yetkiner, I.H., (2010), Endogenous determination of FDI growth and economic growth: the OECD case, International Journal of Public Policy, 5(4), pp. 409-429
  61. 61. Vu, T.B., Noy, I., (2009), Sectoral analysis of foreign direct investment and growth in the developed countries, Journal of International Financial Markets, Institutions and Money, 19(2), pp. 402-413
  62. 62. Wang, L., Meijers, H., Szirmai, A., (2017), Technological spillovers and industrial growth in Chinese regions, Industrial and Corporate Change, 26(2), pp. 233-257
  63. 63. Wang, C., Balasubramanyam, V.N., (2011), Aid and foreign direct investment in Vietnam, Journal of Economic Integration, pp. 721-739
  64. 64. Wiggins, V., Poi, B., (2001), Testing for panel-level heteroskedasticity and autocorrelation, [Online] http://www.stata.com/support/faqs/statistics/panel-level-heteroskedasticityand-autocorrelation/ (Accessed March 20, 2015)
  65. 65. Wooster, R., Diebel, D., (2010), Productivity Spillover from Foreign Direct Investment in Developing Countries: A Meta Regressiob Analysis, Review of Development, 14(3), pp. 640-655
  66. 66. Yi, J., Chen, Y., Wang, C., Kafouros, M., (2015), Spillover effects of foreign direct investment: how do region-specific institutions matter?, Management International Review, 55(4), pp. 539-561
  67. 67. Zang, W., Baimbridge, M.J., (2014), Foreign Direct Investment and economic growth in OECD countries
  68. 68. Zekarias, S.M., (2016), The impact of foreign direct investment (FDI) on economic growth in Eastern Africa: Evidence from panel data analysis, Applied Economics and Finance, 3(1), pp. 145-160
  69. 69. Zhang, Z., (2002), Productivity and economic growth: an empirical assessment of the contribution of FDI to the Chinese economy, Journal of Economic Development, 27(2), pp. 81-94
DOI: https://doi.org/10.2478/sues-2020-0026 | Journal eISSN: 2285-3065 | Journal ISSN: 1584-2339
Language: English
Page range: 92 - 110
Submitted on: Jul 1, 2020
|
Accepted on: Aug 1, 2020
|
Published on: Oct 20, 2020
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2020 Lawrence Ogbeifun, Olatunji Abdul Shobande, published by Vasile Goldis Western University of Arad
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.