Arbeitspapier
The causal relationship between information and communication technology and foreign direct investment
This paper investigates the simultaneous causal relationship between investments in information and communication technology (ICT) and foreign direct investment (FDI), with reference to its implications on economic growth. For the empirical analysis we use data from 23 major countries with heterogeneous economics development for the period 1976–99. The results of unit roots and Johansen co-integration tests indicate variations in degrees of integration among the sample countries. Our causality test results suggest that there is a causal relationship from ICT to FDI interpreted as the higher level of ICT investment leads to increased inflow of FDI. ICT contributes to economic growth indirectly by attracting more foreign direct investment. In developed countries there already exist a build up ICT capacity which causes inflow of FDI, while in developing countries ICT capacity must be build up to attract FDI. The inflow of FDI causes further increases in ICT investment and capacity.
- ISBN
-
9291904414
- Sprache
-
Englisch
- Erschienen in
-
Series: WIDER Discussion Paper ; No. 2003/30
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
Model Construction and Estimation
Investment; Capital; Intangible Capital; Capacity
International Investment; Long-term Capital Movements
- Thema
-
foreign direct investment
FDI
information and communication technology
ICT
stationarity
co-integration
causality
Informationstechnik
Direktinvestition
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gholami, Roghieh
Lee, San-Yong Tom
Heshmati, Almas
- Ereignis
-
Veröffentlichung
- (wer)
-
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
- (wo)
-
Helsinki
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gholami, Roghieh
- Lee, San-Yong Tom
- Heshmati, Almas
- The United Nations University World Institute for Development Economics Research (UNU-WIDER)
Entstanden
- 2003
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