کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5054820 1476537 2013 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Revisiting the FDI-led growth Hypothesis: The case of China
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Revisiting the FDI-led growth Hypothesis: The case of China
چکیده انگلیسی

We employ simulation based inference to investigate the causal relationship between foreign direct investment and gross domestic product in China for the 1982-2008 period, both in a bivariate and a multivariate framework. Our maximum entropy bootstrap based approach, which avoids pre-test biases while also being less affected from the size distortion problem, shows that a statistically significant relationship between FDI and GDP growth does not exist. We also explore whether this result is driven by the level of financial development and we find that there is no evidence of a change in the noncausal relationship due to this contingency effect. Our results indicate that FDI does not necessarily lead to higher economic growth at the aggregate level and suggest the need for undertaking disaggregated analyses using industrial and provincial level data for the formulation of effective macroeconomic policies concerning the flows of FDI.

► We investigate the causal relationship between FDI and GDP in China. ► We use simulation based inference as well as bivariate and multivariate models. ► FDI causing higher growth is not necessarily observed at the aggregate level.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 31, March 2013, Pages 335-343
نویسندگان
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