Dynamic Causal Relationships among GDP, Exports, and Foreign Direct Investment (FDI) in the Developing Countries

• Autorzy: Mohsen Mehrara , Amin Haghnejad , Jalal Dehnavi , Fereshteh Jandaghi Meybodi
• Języki publikacji: EN

Abstrakty

EN

Using panel techniques, this paper estimates the causality among economic growth, exports, and Foreign Direct Investment (FDI) inflows for developing countries over the period of 1980 to 2008. The study indicates that; firstly, there is strong evidence of bidirectional causality between economic growth and FDI inflows. Secondly, the exports-led growth hypothesis is supported by the finding of unidirectional causality running from exports to economic growth in both the short-run and the long-run. Thirdly, export is not Granger caused by economic growth and FDI inflow in either the short run or the long run. On the basis of the obtained results, it is recommended that outward-oriented strategies and policies of attracting FDI be pursued by developing countries to achieve higher rates of economic growth. On the other hand, the countries can increase FDI inflows by stimulating their economic growth. (original abstract)

Słowa kluczowe

EN

Export; Gross domestic product (GDP); Direct investments; Foreign investment; Economic growth; Causality; Developing countries; Empirical researches

PL

Eksport; Produkt krajowy brutto (PKB); Inwestycje bezpośrednie; Inwestycje zagraniczne; Wzrost gospodarczy; Przyczynowość; Kraje rozwijające się; Badania empiryczne

• Czasopismo: International Letters of Social and Humanistic Sciences (ILSHS)
• Rocznik: 2014
• Tom: 3
• Strony: 1--19

Twórcy

autor

Mohsen Mehrara

• University of Tehran, Iran

autor

Amin Haghnejad

• Ferdowsi University of Mashhad, Mashhad, Iran

autor

Jalal Dehnavi

• Ferdowsi University of Mashhad, Mashhad, Iran

autor

Fereshteh Jandaghi Meybodi

• Ferdowsi University of Mashhad, Mashhad, Iran

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