지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
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연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2012.1
- 수록면
- 413 - 439 (27page)
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The issue of capital flows is considered to be the most accessible route for economic growth whereby investment is regarded as the engine of growth. The worldwide changes have recognized the importance of Foreign Direct Investment (FDI) as one of the possible options to stimulate growth momentum. Against this backdrop this paper examines the short run and long run dynamics between economic growth and foreign direct investment for selected Asian economies covering the period from 1975 to 2010. A neo-classical production function is estimated to capture the short run dynamics followed by cointegration technique to capture the long run effect. This paper provides strong evidence regarding the existence of long run equilibrium relationship between FDI and growth for majority of the countries followed by varied causality between foreign direct investment and economic growth. The policy recommendations may not be uniform for the entire Asian region due to their diversified industrialization experience.
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참고문헌 (39)
참고문헌 신청
Lim, C. C. / 1995 / Contribution of Private Foreign Investments in the Malaysian Manufacturing Sector 1977-1995. Faculty of Econ- omics and Management Working Paper
Liu, X. / 2002 / Relationships between Economic Growth, Foreign Direct Investment, and Trade: Evidence from China / Applied Economics 34(11):1433~1440
OECD / 2002 / Foreign Direct Investment for Development: Maximising Benefits, Minimising Costs―An Overview / Organisation for Economic Co- operation and Development
Phillips, Peter. / 1987 / Time Series Regressions with a Unit Root / Econometrica 55(3):277~301
Phillips, P. C. B. / 1988 / Testing for Unit Roots in Time Series Regression / Biometrika 75(2):335~346
Liu, X. / 2002 / Relationships between Economic Growth, Foreign Direct Investment, and Trade: Evidence from China / Applied Economics 34(11):1433~1440
OECD / 2002 / Foreign Direct Investment for Development: Maximising Benefits, Minimising Costs―An Overview / Organisation for Economic Co- operation and Development
Phillips, Peter. / 1987 / Time Series Regressions with a Unit Root / Econometrica 55(3):277~301
Phillips, P. C. B. / 1988 / Testing for Unit Roots in Time Series Regression / Biometrika 75(2):335~346
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