Foreign direct investment, public expenditure and economic growth: The empirical evidence for the period 1970-2001

Applied Economics Letters

Volumn 12, Issue 1, 2005, Pages 45-49

  Le, Manh Vu ^a   Suruga, Terukazu ^a  

^a KOBE UNIVERSITY   (Japan)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMIC GROWTH; FOREIGN DIRECT INVESTMENT; PUBLIC SPENDING;

EID: 14644408821     PISSN: 13504851     EISSN: None     Source Type: Journal    
DOI: 10.1080/1350485042000293130     Document Type: Article

References (16)

1. Aschauer, D. A. (1989) Is public expenditure productive?, Journal of Monetary Economics, 23, 177-200.
2. Balasubramanyam, V. N., Salisu, M. and Sapsford, D. (1996) FDI and growth in EP and IS countries, The Economic Journal, 106, 92-105.
3. Barro, R. J. (1990) Government spending in a simple model of endogenous growth, Journal of Political Economy, 98, S103-25.
4. Barro, R. J. (1991) Economic growth in a cross section of countries, Quarterly Journal of Economics, 106, 407-43.
5. Bhagwati, J. N. (1978) Anatomy and consequences of exchange control regimes, Vol. I. Studies in International Economic Relations, No. 10 National Bureau of Economic Research, New York.
6. Borensztein, E., Gregorio, J. D. and Lee, J-W. (1998) How does FDI affect economic growth?, Journal of International Economics, 45 115-35.
7. Burnside, C. and Dollar, D. (2000) Aid, policies, and growth, American Economic Review, 90, 847-68.
8. Devarajan, S., Swaroop, V. and Zou, H. (1996) The composition of public expenditure and economic growth, Journal of Monetary Economics, 37, 313-44.
9. Durbarry, R., Gemmell, N. and Greenaway, D. (1998) New evidence on the impact of foreign aid on economic growth, University of Nottingham, CREDIT Research Paper No. 98/8.
10. Durham, J. B. (2004) Absorptive capacity and the effects of FDI and equity foreign portfolio investment on economic growth, European Economic Review, 48, 285-306.
11. Easterly, W. and Rebelo, S. (1993) Fiscal policy and economic growth: an empirical investigation, Journal of Monetary Economics, 32, 417-58.
12. Grier, K. and Tullock, G. (1989) An empirical analysis of cross-national economic growth, 1951-1980, Journal of Monetary Economics, 24 259-76.
13. Gupta, S., Clements, B., Baldacci, E. and Mulas-Granados, C. (2002) Expenditure composition, fiscal adjustment, and growth in low-income countries, IMF Working Paper No. 02/77.
14. Hadjimichael, M. T., Ghura, D., Muhleisen, M., Nord, R. and Ucer, E. M. (1995) SubSaharan Africa: growth, savings, and investment, International Monetary Fund, Occasional Paper No. 118, 1986-1993.
15. Landau, D. (1986) Government and economic growth in the less developed countries: an empirical study for 1960-1980, Economic Development and Cultural Change, 35(1), 35-75.
16. Lensink, R. and White, H. (1999) Is there an aid laffer curve? University of Nottingham, CREDIT Research Paper No. 99/6.