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Cited by 304

The DOI matches its Crossref record; 15 of the 15 references it cites were found in a registry or an index.

Liberalization, FDI, and Growth in Developing Countries: A Panel Cointegration Approach

Open access
Basu, Parantap, Chakraborty, Chandana, Reagle, Derrick·2003·Economic Inquiry
DOI 10.1093/ei/cbg024
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Abstract

Using a panel cointegration framework, the article explores the two‐way link between FDI and growth for a panel of 23 developing countries. In addition, it investigates the impact of liberalization on the dynamics of the FDI and GDP relationship. A long‐run cointegrating relationship is found between FDI and GDP after allowing for heterogeneous country effects. The cointegrating vectors reveal a bidirectional causality between GDP and FDI for more open economies. For relatively closed economies, long‐run causality appears unidirectional and runs from GDP to FDI, implying that growth and FDI are not mutually reinforcing under restrictive trade and investment regimes.

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Metadata

Authors
Basu, P., Chakraborty, C., & Reagle, D.
Venue
Economic Inquiry
Publisher
Wiley
Published
2003-07
Volume
41
Issue
3
Pages
510-516
ISSN
  • 0043-3640 (ISSN-L)
  • 0095-2583
  • 1465-7295
DOI
10.1093/ei/cbg024
OpenAlex
W2155395273
Cited by
304
References
15
FWCI
19.26
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Liberalization, FDI, and Growth in Developing Countries: A Panel Cointegration Approach. https://app.cochat.ai/papers/10.1093/ei/cbg024
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Basu, P., Chakraborty, C., & Reagle, D. (2003). Liberalization, FDI, and Growth in Developing Countries: A Panel Cointegration Approach. Economic Inquiry. https://doi.org/10.1093/ei/cbg024

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

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