Causality between Foreign Direct Investment and Economic Growth: Evidence from Guangdong

被引：0

作者：

Li, Zhide ^{[1
]}

机构：

[1] Wuhan Univ, Econ & Management Sch, Wuhan, Hubei Province, Peoples R China

来源：

FOREIGN DIRECT INVESTMENT, TRADE AND DEVELOPMENT | 2011年

关键词：

Causality; FDI; economic growth; error-correction model (ECM); cointegration test; AUTOREGRESSIVE TIME-SERIES; UNIT-ROOT;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper examines the causality between foreign direct investment (FDI) and economic growth in Guangdong, China, using annual data for the period of 1979-2008.This will be done by conducting time-series estimations through ADF unit root tests, cointegration tests, error-correction analyses and the Granger causality test. The results suggest that FDI does not appear to Granger-cause economic growth, while economic growth affects FDI,. This means that some studies have overestimated the positive effect of FDI on economic growth, while underestimating the influence of economic growth on FDI. Based on the results, policy implications are discussed.

引用

页码：172 / 177

页数：6

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