The interaction between FDI, output and the spillover variables: Co-integration and VAR analyses for APEC, 1965-1999

Applied Economics Letters

Volumn 10, Issue 3, 2003, Pages 165-172

  Bende Nabende, A ^a   Ford, J L ^b   Santoso, B ^c   Sen, S ^b  

^a Grad Ctr for Bus Admin   (United Kingdom)

^b Department of Economics ^*  (United Kingdom)

^c UNIVERSITY OF BIRMINGHAM   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

ASIAN PACIFIC ECONOMIC COOPERATION FORUM; ECONOMIC IMPACT; FOREIGN DIRECT INVESTMENT; INDUSTRIAL PRODUCTION; SPILLOVER EFFECT;

ASIA;

EID: 0037694805     PISSN: 13504851     EISSN: None     Source Type: Journal    
DOI: 10.1080/1350485022000044057     Document Type: Article

References (28)

1. Balasubramanyam, V. N., Sapsford, D. and Salisu, M. A. (1996) Foreign direct investment and growth, new hypothesis and evidence, Discussion Paper (EC7/96), The Management School, Lancaster University.
2. Barro, R. J. (1997) Determinants of Economic Growth, a Cross-Country Empirical Study, MIT Press, Cambridge, Mass, London.
3. Bende-Nabende, A. (1999) FDI. Regionalism, Government Policy and Endogenous Growth, Ashgate, Aldershot.
4. Bende-Nabende, A. and Ford, J. L. (1998) FDI, policy adjustments and endogenous growth, multiplier effects form a small dynamic model for Taiwan, 1959-1995, World Development, 26, 1315-30.
5. Bende-Nabende, A., Ford, J. L. and Slater, J. (2001) FDI, regional economic integration and endogenous growth, some evidence from Southeast Asia, Pacific Economic Review, 6, 383-99.
6. Borensztein, E., de Gregorio, J. and Lee, J.-W. (1995) How does foreign direct investment affect economic growth? National Bureau of Economic Research Working paper No. 5057, Cambridge, MA.
7. Cheung, Y. W. and Lai, K. S. (1993) Finite-sample sizes of Johansens likelihood ratio tests for cointegration, Oxford Bulletin of Economic and Statistics, 55, 313-28.
8. Engle, R. F. and Granger, C. W. J. (1987) Cointegration and error correction, representation, estimation, and testing, Econometrica, 55, 251-76.
9. Engle, R. F. and Yoo, B. S. (1987) Forecasting and testing in cointegrated systems, Journal of Econometrics, 35, 143-59.
10. Gupta, V. K. (1983) A simultaneous determination of structure, conduct and performance in Canadian manufacturing, Oxford Economic Papers, 35, 281-301.
11. Hamilton, J. D. (1994) Time Series, Princeton University Press, Princeton.
12. Johansen, S. (1995a) Co-integration, Oxford University Press, Oxford.
13. Johansen, S. (1995b) Likelihood-Based Inference in Cointegrated Vector Autoregressive Models, Oxford University Press, New York.
14. Johansen, S. and Nielsen, B. (1993) Manual for the Simulation Program, Disco, Institute of Mathematical Statistics, University of Copenhagen.
15. Larsson, L., Lyhagen, J. and Löthgren, M. (1998) Likelihood-based cointegration tests in heterogeneous panels, Stockholm School of Economics, Working Papers Series in Economics and Finance, no. 250.
16. Levin, R. and Renelt, D. (1992) A sensitivity analysis of cross-country growth regression, American Economic Review, 82, 942-63.
17. Nehru, V. and Dhareshwar, A. (1993) A new database on physical capital stock, sources, methodology and results,
18. Pedroni, P. (1995) Panel cointegration, asymptotic and finite sample properties of pooled time series tests with an application to the PPP hypothesis, mimeo, Department of Economics, Indiana University.
19. Pedroni, P. (1999) Critical values for cointegration tests in heterogeneous panels with multiple regressors, Oxford Bulletin of Economics and Statistics, Special issue, 653-70.
20. Pesaran, H. H. and Shin, Y. (1998) Generalized impulse response analysis in linear multivariate models, Economics Letters, 58, 17-29.
21. Romer, P. M. (1986) Increasing returns and long run growth, Journal of Political Economy, 94, 1002-37.
22. Srinivasan, T. N. (1995) Long-run growth theories and empirics, Anything new?, in Growth Theories in Light of the East Asian Experience (eds) I. Takatoshi and A. O. Krueger, University of Chicago Press, National Bureau of Economic Research, Chicago, London, pp. 37-66.
23. Summers, R. and Heston, A. (1991) The Penn World Table (Mark 5), An expanded set of international comparisons, 1955-1988, The Quarterly Journal of Economics, 56, 327-68.
24. The World Penn Tables (Mark 5.6) at .
25. UNCTAD (1999) World Investment Report, Foreign Direct Investment and the Challenge of Development, UN, New York, Geneva.
26. UNCTMD (1992) World Investment Report 1992, Transnational Corporations as Engines of Growth, UN, New York, Geneva.
27. UN (various years) The UN Balance of Payments Statistical Yearbook, UN, New York.
28. UN (various years) UNESCO Statistical Yearbook, UNESCO, New York, Paris.