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 accessAbstract
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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Cites
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Energy consumption and GDP in developing countries: A cointegrated panel analysis
Lee, C.-C. (2005) · Energy Economics · doi:10.1016/j.eneco.2005.03.003 · Cited by 867
Growth impact and determinants of foreign direct investment into South Africa, 1956–2003
Fedderke, J. W., & Romm, A. T. (2006) · Economic Modelling · doi:10.1016/j.econmod.2005.10.005 · Cited by 279
(2011) · RePEc: Research Papers in Economics · Cited by 69
The Politics of Foreign Direct Investment in Authoritarian Regimes
Bastiaens, I. (2016) · International Interactions · doi:10.1080/03050629.2015.1065699 · Cited by 29
FDI, Multinationals, and Structural Change in Developing Countries
Pineli, A., Narula, R., & Belderbos, R. (2021) · New Perspectives on Structural Change · doi:10.1093/oso/9780198850113.003.0021 · Cited by 19
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
- OpenAlex
- W2155395273
- Cited by
- 304
- References
- 15
- FWCI
- 19.26
- Type
- journal article
- Language
- en
- Open access
- green
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