Economic growth, exports and foreign direct investment in Least Developed Countries: A panel Granger causality analysis

2012 ◽  
Vol 29 (3) ◽  
pp. 868-878 ◽  
Author(s):  
Rıfat Barış Tekin
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Granger Causality ◽  
Direct Investment ◽  
Developed Countries ◽  
Causality Analysis ◽  
Least Developed Countries ◽  
Granger Causality Analysis ◽  
Panel Granger Causality

scholarly journals Foreign Direct Investment, Exports, and Long-Run Economic Growth in Asia: Panel Cointegration and Causality Analysis

2015 ◽  
Vol 8 (1) ◽  
pp. 26 ◽  
Author(s):  
Seng Sothan
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Granger Causality ◽  
Direct Investment ◽  
Panel Cointegration ◽  
Causality Analysis ◽  
Granger Causality Analysis ◽  
Long Run ◽  
Panel Granger Causality ◽  
Causal Impact

This paper examines the co-movement and causal impact of foreign direct investment (FDI) and exports on economic growth in 21 Asian countries over the period 1980 to 2013, using the panel cointegration and Granger causality analysis. Findings strongly confirm that there is a long-run steady-state relationship between FDI, exports, and GDP for the selected countries. Based on the panel Granger causality analysis, there is long-run bidirectional causality between FDI and GDP and between exports and GDP. This can be concluded that FDI and exports do have causal impact on long-run growth in the countries being investigated.

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