Trade, foreign direct investment and economic growth in Asian economies
Abstract: Despite the increasing role of foreign direct investment (FDI) in economic development, very limited research has been carried out on the causal links between trade, FDI and economic growth in Asian economies. This study examines empirically the interplay between exports, imports, FDI and economic growth for nine Asian economies by conducting multivariate causality tests in the VECM framework. The results reveal two-way causal connections between trade, inward FDI, inward merger and acquisitions (M&As), and growth for most of the sample economies. There is a unidirectional causal link running from outward M&As to growth and trade. These findings suggest that export expansion, import liberalisation, FDI inflows and inward M&As are integral elements of the growth process in Asian economies
- Location
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Deutsche Nationalbibliothek Frankfurt am Main
- Extent
-
Online-Ressource
- Language
-
Englisch
- Notes
-
Postprint
begutachtet (peer reviewed)
In: Applied Economics ; 41 (2009) 13 ; 1603-1612
- Classification
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Wirtschaft
- Event
-
Veröffentlichung
- (where)
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Mannheim
- (when)
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2009
- Creator
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Liu, Xiaohui
Shu, Chang
Sinclair, Peter
- DOI
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10.1080/00036840701579176
- URN
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urn:nbn:de:0168-ssoar-239974
- Rights
-
Open Access unbekannt; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
- Last update
-
25.03.2025, 1:53 PM CET
Data provider
This object is provided by:
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Deutsche Nationalbibliothek. If you have any questions about the object, please contact the data provider.
Associated
- Liu, Xiaohui
- Shu, Chang
- Sinclair, Peter
Time of origin
- 2009
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