메뉴 건너뛰기




Volumn 33, Issue 3, 2005, Pages 393-407

Foreign Direct Investment and economic growth: An increasingly endogenous relationship

Author keywords

Developed countries; Different groups of developing countries; Economic growth; Endogenous relationship; Foreign direct investment

Indexed keywords

DEVELOPING WORLD; ECONOMIC GROWTH; FOREIGN DIRECT INVESTMENT; GROWTH DETERMINATION;

EID: 14044272696     PISSN: 0305750X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.worlddev.2004.11.001     Document Type: Article
Times cited : (631)

References (57)
  • 2
    • 14044262706 scopus 로고    scopus 로고
    • Infrastructure restructuring and regulation: Building a base for sustainable growth
    • Policy Research Working Paper Series No. 2415, World Bank, Washington, DC
    • Alexander, I., & Estache, A. (2000). Infrastructure restructuring and regulation: Building a base for sustainable growth. Policy Research Working Paper Series No. 2415, World Bank, Washington, DC
    • (2000)
    • Alexander, I.1    Estache, A.2
  • 3
    • 14044263987 scopus 로고    scopus 로고
    • Political instability, policy uncertainty and economic growth: An empirical investigation
    • A.M. Ali Political instability, policy uncertainty and economic growth: An empirical investigation Atlantic Economic Journal 29 1 2001 87-106
    • (2001) Atlantic Economic Journal , vol.29 , Issue.1 , pp. 87-106
    • Ali, A.M.1
  • 4
    • 0029729992 scopus 로고    scopus 로고
    • Foreign direct investment and growth in EP and IS countries
    • V.N. Balasubramanyam M. Salisu D. Sapsford Foreign direct investment and growth in EP and IS countries Economic Journal 106 1 1996 92-105
    • (1996) Economic Journal , vol.106 , Issue.1 , pp. 92-105
    • Balasubramanyam, V.N.1    Salisu, M.2    Sapsford, D.3
  • 5
    • 0026277597 scopus 로고
    • Economic growth in a cross section of countries
    • R.J. Barro Economic growth in a cross section of countries Quarterly Journal of Economics 106 2 1991 407-443
    • (1991) Quarterly Journal of Economics , vol.106 , Issue.2 , pp. 407-443
    • Barro, R.J.1
  • 6
    • 38849141101 scopus 로고
    • International comparison of educational attainment
    • R. Barro J.W. Lee International comparison of educational attainment Journal of Monetary Economics 32 3 1993 361-394
    • (1993) Journal of Monetary Economics , vol.32 , Issue.3 , pp. 361-394
    • Barro, R.1    Lee, J.W.2
  • 8
    • 0003780298 scopus 로고    scopus 로고
    • International data on educational attainment: Updates and implications, Barro-Lee data set for a panel of 138 countries
    • CID Working Paper No. 42, Centre for International Development at Harvard University, Boston
    • Barro, R., & Lee, J. W. (2000). International data on educational attainment: Updates and implications, Barro-Lee data set for a panel of 138 countries. CID Working Paper No. 42, Centre for International Development at Harvard University, Boston
    • (2000)
    • Barro, R.1    Lee, J.W.2
  • 10
    • 0032123288 scopus 로고    scopus 로고
    • FDI, adjustment and endogenous growth: Multiplier effects from a small dynamic model for Taiwan, 1959-95
    • A. Bende-Nabende J.L. Ford FDI, adjustment and endogenous growth: Multiplier effects from a small dynamic model for Taiwan, 1959-95 World Development 26 7 1998 1315-1330
    • (1998) World Development , vol.26 , Issue.7 , pp. 1315-1330
    • Bende-Nabende, A.1    Ford, J.L.2
  • 11
    • 0037694805 scopus 로고    scopus 로고
    • The interaction between FDI, output and the spillover variables: Co-integration and VAR analyses for APEC, 1965-99
    • A. Bende-Nabende J. Ford B. Santoso S. Sen The interaction between FDI, output and the spillover variables: Co-integration and VAR analyses for APEC, 1965-99 Applied Economics Letters 10 3 2003 165-172
    • (2003) Applied Economics Letters , vol.10 , Issue.3 , pp. 165-172
    • Bende-Nabende, A.1    Ford, J.2    Santoso, B.3    Sen, S.4
  • 13
    • 0043026710 scopus 로고    scopus 로고
    • Foreign direct investment, economic freedom and growth: New evidence from Latin America
    • M. Bengoa B. Sanchez-Robles Foreign direct investment, economic freedom and growth: New evidence from Latin America European Journal of Political Economy 19 3 2003 529-545
    • (2003) European Journal of Political Economy , vol.19 , Issue.3 , pp. 529-545
    • Bengoa, M.1    Sanchez-Robles, B.2
  • 17
    • 14044265491 scopus 로고    scopus 로고
    • The social rate of return on infrastructure investment
    • Research Policy Working Paper Series No. 2390, World Bank, Washington, DC
    • Canning, D., & Bennathan, E. (2000). The social rate of return on infrastructure investment. Research Policy Working Paper Series No. 2390, World Bank, Washington, DC
    • (2000)
    • Canning, D.1    Bennathan, E.2
  • 18
    • 0012191547 scopus 로고    scopus 로고
    • Unit roots and long-run causality: Investigating the relationship between output, money and interest rate
    • M. Caporale C. Hassapis N. Pittis Unit roots and long-run causality: Investigating the relationship between output, money and interest rate Economic Modeling 15 1 1998 91-112
    • (1998) Economic Modeling , vol.15 , Issue.1 , pp. 91-112
    • Caporale, M.1    Hassapis, C.2    Pittis, N.3
  • 19
    • 0001150430 scopus 로고    scopus 로고
    • Causality and forecasting in incomplete systems
    • M. Caporale N. Pittis Causality and forecasting in incomplete systems Journal of Forecasting 16 6 1997 425-437
    • (1997) Journal of Forecasting , vol.16 , Issue.6 , pp. 425-437
    • Caporale, M.1    Pittis, N.2
  • 20
    • 0036293771 scopus 로고    scopus 로고
    • Foreign direct investment and growth in India: A cointegration approach
    • C. Chakraborty P. Basu Foreign direct investment and growth in India: A cointegration approach Applied economics 34 9 2002 1061-1073
    • (2002) Applied Economics , vol.34 , Issue.9 , pp. 1061-1073
    • Chakraborty, C.1    Basu, P.2
  • 21
    • 0037326360 scopus 로고    scopus 로고
    • Do foreign direct investment and gross domestic investment promote economic growth?
    • J.I. Choe Do foreign direct investment and gross domestic investment promote economic growth? Review of Development Economics 7 1 2003 44-57
    • (2003) Review of Development Economics , vol.7 , Issue.1 , pp. 44-57
    • Choe, J.I.1
  • 24
    • 0345436095 scopus 로고    scopus 로고
    • Foreign direct investment-led growth: Evidence from time series and panel data
    • L.R. De Mello Foreign direct investment-led growth: Evidence from time series and panel data Oxford Economic Papers 51 1 1999 133-151
    • (1999) Oxford Economic Papers , vol.51 , Issue.1 , pp. 133-151
    • De Mello, L.R.1
  • 25
    • 1542750491 scopus 로고    scopus 로고
    • Absorptive capacity and the effects of foreign direct investment and equity foreign portfolio investment on economic growth
    • J.B. Durham Absorptive capacity and the effects of foreign direct investment and equity foreign portfolio investment on economic growth European Economic Review 48 2 2004 285-306
    • (2004) European Economic Review , vol.48 , Issue.2 , pp. 285-306
    • Durham, J.B.1
  • 28
    • 0035578946 scopus 로고    scopus 로고
    • Political instability and economic growth in developing economies: Some specification empirics
    • A.K. Fosu Political instability and economic growth in developing economies: Some specification empirics Economics Letters 70 2 2001 289-294
    • (2001) Economics Letters , vol.70 , Issue.2 , pp. 289-294
    • Fosu, A.K.1
  • 29
    • 0042762133 scopus 로고    scopus 로고
    • Currency crashes in emerging markets: An empirical treatment
    • J. Frankel A. Rose Currency crashes in emerging markets: An empirical treatment Journal of International Economics 41 3-4 1996 351-366
    • (1996) Journal of International Economics , vol.41 , Issue.3-4 , pp. 351-366
    • Frankel, J.1    Rose, A.2
  • 30
    • 0000351727 scopus 로고
    • Investigating causal relations by econometric models and cross-spectral methods
    • C. Granger Investigating causal relations by econometric models and cross-spectral methods Econometrica 37 3 1969 424-438
    • (1969) Econometrica , vol.37 , Issue.3 , pp. 424-438
    • Granger, C.1
  • 31
    • 0344983714 scopus 로고    scopus 로고
    • Foreign direct investment and economic growth: The importance of institutions and urbanization
    • C. Hsiao Y. Shen Foreign direct investment and economic growth: The importance of institutions and urbanization Economic Development & Cultural Change 51 4 2003 883-896
    • (2003) Economic Development & Cultural Change , vol.51 , Issue.4 , pp. 883-896
    • Hsiao, C.1    Shen, Y.2
  • 32
    • 0003461311 scopus 로고    scopus 로고
    • Testing for unit roots in heterogeneous panels
    • DAE Working Papers Amalgamated Series No. 9526, Department of Applied Economics, University of Cambridge, Cambridge
    • Im, K. S., Pesaran, M. H., & Shin, Y. (1997). Testing for unit roots in heterogeneous panels. DAE Working Papers Amalgamated Series No. 9526, Department of Applied Economics, University of Cambridge, Cambridge
    • (1997)
    • Im, K.S.1    Pesaran, M.H.2    Shin, Y.3
  • 33
    • 0013498103 scopus 로고    scopus 로고
    • Testing for unit roots in heterogeneous panels
    • K.S. Im M.H. Pesaran Y. Shin Testing for unit roots in heterogeneous panels Journal of Econometrics 115 1-2 2003 53-74
    • (2003) Journal of Econometrics , vol.115 , Issue.1-2 , pp. 53-74
    • Im, K.S.1    Pesaran, M.H.2    Shin, Y.3
  • 34
    • 84959824913 scopus 로고
    • Growth empirics: A panel data approach
    • N. Islam Growth empirics: A panel data approach Quarterly Journal of Economics 110 4 1995 1127-1170
    • (1995) Quarterly Journal of Economics , vol.110 , Issue.4 , pp. 1127-1170
    • Islam, N.1
  • 35
    • 0029517319 scopus 로고
    • Causality between foreign investment and spillover efficiency
    • S. Kholdy Causality between foreign investment and spillover efficiency Applied Economics 27 8 1995 745-749
    • (1995) Applied Economics , vol.27 , Issue.8 , pp. 745-749
    • Kholdy, S.1
  • 36
    • 0004196870 scopus 로고
    • Unit root tests in panel data: Asymptotic and finite-sample properties
    • Economics Working Paper Series No. 92-93, Department of Economics, University of California, San Diego
    • Levin, A., & Lin, C. F. (1992). Unit root tests in panel data: Asymptotic and finite-sample properties. Economics Working Paper Series No. 92-93, Department of Economics, University of California, San Diego
    • (1992)
    • Levin, A.1    Lin, C.F.2
  • 37
    • 0004196870 scopus 로고
    • Unit root tests in panel data: New results
    • Economics Working Paper Series No. 93-96, Department of Economics, University of California, San Diego
    • Levin, A., & Lin, C. F. (1993). Unit root tests in panel data: New results. Economics Working Paper Series No. 93-96, Department of Economics, University of California, San Diego
    • (1993)
    • Levin, A.1    Lin, C.F.2
  • 38
    • 0000391884 scopus 로고    scopus 로고
    • Unit root tests in panel data: Asymptotic and finite-sample properties
    • A. Levin C.F. Lin C.S. Chu Unit root tests in panel data: Asymptotic and finite-sample properties Journal of Econometrics 108 1 2002 1-24
    • (2002) Journal of Econometrics , vol.108 , Issue.1 , pp. 1-24
    • Levin, A.1    Lin, C.F.2    Chu, C.S.3
  • 39
    • 0026959873 scopus 로고
    • A sensitivity analysis of cross-country growth regressions
    • R. Levine D. Renelt A sensitivity analysis of cross-country growth regressions American Economic Review 82 4 1992 942-963
    • (1992) American Economic Review , vol.82 , Issue.4 , pp. 942-963
    • Levine, R.1    Renelt, D.2
  • 40
    • 84972029761 scopus 로고
    • Poverty, the coup trap, and the seizure of executive power
    • J. Londregan K. Poole Poverty, the coup trap, and the seizure of executive power World Politics 42 2 1990 151-183
    • (1990) World Politics , vol.42 , Issue.2 , pp. 151-183
    • Londregan, J.1    Poole, K.2
  • 41
    • 0000685408 scopus 로고
    • Non causality due to omitted variables
    • H. Lutkepohl Non causality due to omitted variables Journal of Econometrics 19 2-3 1982 367-378
    • (1982) Journal of Econometrics , vol.19 , Issue.2-3 , pp. 367-378
    • Lutkepohl, H.1
  • 42
    • 0030305869 scopus 로고    scopus 로고
    • Panel data unit root tests and real exchange rates
    • R. MacDonald Panel data unit root tests and real exchange rates Economic Letters 50 1 1996 7-11
    • (1996) Economic Letters , vol.50 , Issue.1 , pp. 7-11
    • MacDonald, R.1
  • 43
    • 0001187515 scopus 로고    scopus 로고
    • A comparative study of unit root tests with panel data and a new simple test
    • G. Maddala S. Wu A comparative study of unit root tests with panel data and a new simple test Oxford Bulletin of Economics and Statistics 61 Suppl. 4 1999 631-652
    • (1999) Oxford Bulletin of Economics and Statistics , vol.61 , Issue.SUPPL. 4 , pp. 631-652
    • Maddala, G.1    Wu, S.2
  • 44
    • 0035587985 scopus 로고    scopus 로고
    • Causality tests for cross-country panels: A new look at FDI and economic growth in developing countries
    • U. Nair-Reichert D. Weinhold Causality tests for cross-country panels: A new look at FDI and economic growth in developing countries Oxford Bulletin of Economics and Statistics 63 2 2001 153-171
    • (2001) Oxford Bulletin of Economics and Statistics , vol.63 , Issue.2 , pp. 153-171
    • Nair-Reichert, U.1    Weinhold, D.2
  • 45
    • 0030163302 scopus 로고    scopus 로고
    • Purchasing power parity and unit root tests using panel data
    • K.Y. Oh Purchasing power parity and unit root tests using panel data Journal of International Money and Finance 15 3 1996 405-418
    • (1996) Journal of International Money and Finance , vol.15 , Issue.3 , pp. 405-418
    • Oh, K.Y.1
  • 46
    • 22444455247 scopus 로고    scopus 로고
    • Foreign direct investment, country capabilities and economic growth
    • K. Olofsdotter Foreign direct investment, country capabilities and economic growth Weltwitschaftliches Archive 134 3 1998 534-547
    • (1998) Weltwitschaftliches Archive , vol.134 , Issue.3 , pp. 534-547
    • Olofsdotter, K.1
  • 47
    • 1542323924 scopus 로고    scopus 로고
    • How inadequate provision of public infrastructure and services affects private investment
    • Policy Research Working Paper Series No. 2262, World Bank, Washington, DC
    • Reinikka, R., & Svensson, J. (1999). How inadequate provision of public infrastructure and services affects private investment. Policy Research Working Paper Series No. 2262, World Bank, Washington, DC
    • (1999)
    • Reinikka, R.1    Svensson, J.2
  • 48
  • 49
    • 0001462080 scopus 로고
    • Money, income and causality
    • C.A. Sims Money, income and causality American Economic Review 62 4 1972 540-552
    • (1972) American Economic Review , vol.62 , Issue.4 , pp. 540-552
    • Sims, C.A.1
  • 50
    • 0242701717 scopus 로고    scopus 로고
    • Technology gap, competition and spillovers from direct investment: Evidence from establishment Data
    • F. Sjoholm Technology gap, competition and spillovers from direct investment: Evidence from establishment Data Journal of Development Studies 36 1 1999 53-73
    • (1999) Journal of Development Studies , vol.36 , Issue.1 , pp. 53-73
    • Sjoholm, F.1
  • 51
    • 0003511707 scopus 로고    scopus 로고
    • World investment report: Foreign direct investment and the challenge of development
    • UNCTAD New York and Geneva: United Nations
    • UNCTAD (1999). World investment report: Foreign direct investment and the challenge of development. New York and Geneva: United Nations
    • (1999)
  • 52
    • 0000237855 scopus 로고    scopus 로고
    • Interpreting cointegrating vectors and common stochastic rends
    • M.R. Wickens Interpreting cointegrating vectors and common stochastic rends Journal of Econometrics 74 2 1996 255-271
    • (1996) Journal of Econometrics , vol.74 , Issue.2 , pp. 255-271
    • Wickens, M.R.1
  • 53
    • 0003464370 scopus 로고
    • World development repot: Infrastructure for development
    • World Bank Oxford: Oxford University Press
    • World Bank (1994). World development repot: Infrastructure for development. Oxford: Oxford University Press
    • (1994)
  • 54
    • 0030534750 scopus 로고    scopus 로고
    • Are real exchange rates nonstationary? Evidence from a panel-data test
    • Y.R. Wu Are real exchange rates nonstationary? Evidence from a panel-data test Journal of Money, Credit, and Banking 28 1 1996 56-63
    • (1996) Journal of Money, Credit, and Banking , vol.28 , Issue.1 , pp. 56-63
    • Wu, Y.R.1
  • 55
    • 0033862535 scopus 로고    scopus 로고
    • Multinational enterprises, technology diffusion, and host country productivity growth
    • B. Xu Multinational enterprises, technology diffusion, and host country productivity growth Journal of Development Economics 62 2 2000 477-493
    • (2000) Journal of Development Economics , vol.62 , Issue.2 , pp. 477-493
    • Xu, B.1
  • 56
    • 12344279764 scopus 로고    scopus 로고
    • Foreign direct investment and economic: Evidence from ten East Asian economies
    • K.H. Zhang Foreign direct investment and economic: Evidence from ten East Asian economies Economia Internazionale 51 4 1999 517-535
    • (1999) Economia Internazionale , vol.51 , Issue.4 , pp. 517-535
    • Zhang, K.H.1
  • 57
    • 0006794285 scopus 로고    scopus 로고
    • How does FDI interact with economic growth in a large developing country? The case of China
    • K.H. Zhang How does FDI interact with economic growth in a large developing country? The case of China Economic System 21 4 1999 291-304
    • (1999) Economic System , vol.21 , Issue.4 , pp. 291-304
    • Zhang, K.H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.