The interactions among foreign direct investment, economic growth, degree of openness and unemployment in Taiwan

Applied Economics

Volumn 39, Issue 13, 2007, Pages 1647-1661

  Chang, Shu Chen ^a  

^a NATIONAL FORMOSA UNIVERSITY   (Taiwan)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMIC GROWTH; FOREIGN DIRECT INVESTMENT; UNEMPLOYMENT; VARIANCE ANALYSIS; VECTOR AUTOREGRESSION;

ASIA; EURASIA; FAR EAST; TAIWAN;

EID: 34547508143     PISSN: 00036846     EISSN: 14664283     Source Type: Journal    
DOI: 10.1080/00036840600675612     Document Type: Article

References (36)

1. Apergis, N. and Rezitis, A. (2003) An examination of Okun's law: evidence from regional areas in Greece. Applied Economics, 35, pp. 1147-1151.
2. Blomstrom, M., Fors, G. and Lipsey, R. (1997) Foreign direct investment and employment: Homecountry experience in the United States and Sweden. Economic Journal, 107, pp. 1789-1797.
3. Bende-Nabende, A. and Ford, JL (1998) FDI, policy adjustments and endogenous growth, multiplier effects form a small dynamic model for Taiwan, 1959-1995. World Development, 26, pp. 1315-1330.
4. Bende-Nabende, A., Ford, JL and Slater, J. (2001) FDI, regional economic integration and endogenous growth, some evidence from Southeast Asia. Pacific Economic Review, 6, pp. 383-399.
5. Bende-Nabende, A., Ford, JL, Santoso, B. and Sen, S. (2003) The interaction between FDI, output and the spillover variables: co-integration and VAR analyses for APEC, 1965-1999. Applied Economics Letters, 10, pp. 165-172.
6. Chen, TJ and Ku, YH (2000) The effect of foreign direct investment on firm growth: The case of Taiwan's manufactures. Japan and the World Economy, 12, pp. 153-172.
7. Dawson, PJ and Hubbard, LJ (2004) Exports and economic growth in central and east European countries during transition. Applied Economics, 36, pp. 1819-1824.
8. Engle, RF and Granger, CWJ (1987) cointegration and error correction: representation, estimation, testing. Econometrica, 55, pp. 410-421.
9. Geweke, J., Meese, R. and Dent, W. (1983) Comparing alternative tests of causality in temporal systems; analytic results and experimental evidence. Journal of Economics, 21, pp. 161-194.
10. Gonzalo, J. (1994) Five alternative methods of estimating long-run equilibrium relationships. Journal of Econometrics, 60, pp. 203-233.
11. Gopinath, M., Pick, D. and Vasavada, U. (1998) Exchange rate effects on the relationship between FDI and trade in the U.S. food processing industry. American Journal of Agricultural Economics, 80, pp. 1073-1079.
12. Gujarati, D. (1995) Basic Econometric, pp. 749-750. McGraw-Hill, New York
13. Hejazi, W. and Safarian, AE (2001) The complementarily between U.S. foreign direct investment stock and trade. Atlantic Economic Journal, 29, pp. 420-437.
14. Johansen, S. (1988) Statistical analysis of cointegrating vectors. Journal of Economic Dynamics and Control, 12, pp. 231-254.
15. Johansen, S. and Juselius, K. (1990) Maximum likelihood estimation and inferences on cointegration - with applications to the demand for money. Oxford bullin of Economics and Statistics, 52, pp. 169-210.
16. Kwiatkowski, D., Phillips, PCB, Schmidt, P. and Shin, Y. (1992) Testing the null hypothesis of stationary against the alternative of a unit root. Journal of Econometrics, 54, pp. 159-178.
17. Liu, X., Song, H. and Romilly, P. (1997) An empirical investigation of the causal relationship between openness and economic growth in China. Applied Economics, 29, pp. 1679-1687.
18. Liu, X., Burridge, P. and Sinclair, P. (2002) Relationships between economic growth, foreign direct investment and trade: Evidence from China. Applied Economics, 34, pp. 1433-1440.
19. MacKinnon, JG (1991) Critical Values for cointegration tests. Long-Run Economic Relationship: Readings in Cointegration, pp. 267-276. Oxford University Press, Oxford
20. Maddala, GS (1992) Introduction to Econometrics, pp. 596-597. Prentice-Hall, London
21. Marchant, M., Cornell, D. and Koo, W. (2002) International trade and foreign direct investment: Substitutes or complements. Journal of Agricultural and Applied Economics, 34, pp. 289-302.
22. Masih, AM and Masih, R. (1995) Temporal causality and the dynamic interactions among macroeconomic activity within a multivariate cointegrated system: Evidence from Singapore and Korea. Weltwirtschaflisches Archiv, 131, pp. 265-285.
23. Moore, MO (1993) Determinants of German manufacturing direct investment: 1980-1988. Weltwirtschaftliches Archiv, 129, pp. 120-137.
24. Pfaffermayr, D. (1994) Foreign investment and exports: A time series approach. Applied Economics, 26, pp. 337-351.
25. Park, JY and Phillips, PCB (1989) Statistical inference in regressions with integrated processes: Part 2. Econometric Theory, 5, pp. 59-132.
26. Perron, P. (1989) The great crash, the oil price shock, and the unit root hypothesis. Econometrica, 57, pp. 1361-1401.
27. Schaik, V. and Groot, D. (1998) Unemployment and endogenous growth. Labour, 12, pp. 189-219.
28. Sims, CA (1980) Macroeconomics and reality. Econometrica, 48, pp. 1-48.
29. Sims, CA, Stock, JH and Watson, MW (1990) Inference in linear time series models with some unit roots. Econometrica, 58, pp. 113-144.
30. Sögner, L. (2001) Okun's law does the Austrian unemployment-GDP relationship exhibit structural breaks. Empirical Economics, 26, pp. 553-564.
31. Sun, H. and Parikh, A. (2001) Exports, inward foreign direct investment (FDI) and regional economic growth in China. Regional Studies, 35, pp. 187-196.
32. Wang, ZQ and Swain, N. (1997) Determinants of inflow of foreign direct investment in Hungary and China: Time-series approach. Journal of International Development, 9, pp. 695-726.
33. Wei, Y., Liu, X., Song, H. and Romilly, P. (2001) Endogenous innovation growth theory and regional income convergence in China. Journal of International Development, 13, pp. 153-168.
34. Yaghmaian, B. and Ghorashi, R. (1995) Export performance and development: An emprical analysis. American economist, 39, pp. 37-46.
35. Zhang, K. and Song, S. (2000) Promoting exports the role of inward FDI in China. China Economic Review, 11, pp. 385-396.
36. Zivot, E. and Andrew, DWK (1992) Further evidence on the great crash, the oil-price shock, and the unit-root hypothesis. Journal of Business and Economic Statistics, 10, pp. 251-270.