Arbeitspapier
The causal relationship between ICT and FDI
This paper investigates the simultaneous causal relationship between investments in information and communication technology (ICT) and flows of 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 economic development for the period 1976–99. Our causality test results suggest that there is a causal relationship from ICT to FDI in developed countries, which means that a higher level of ICT investment leads to an increase inflow of FDI. ICT may contribute to economic growth indirectly by attracting more FDI. Contrarily, we could not find significant causality from ICT to FDI in developing countries. Instead, we have partial evidence of opposite causality relationship. The inflow of FDI causes further increases in ICT investment and production capacity.
- ISBN
-
9291907057
- Sprache
-
Englisch
- Erschienen in
-
Series: WIDER Research Paper ; No. 2005/26
- 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
information and communication technology
stationarity
cointegration
causality
LSDV
2SLS
Direktinvestition
Informationstechnik
Wirtschaftswachstum
Entwicklungsländer
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gholami, Roghieh
Lee, Sang-Yong Tom
Heshmati, Almas
- Ereignis
-
Veröffentlichung
- (wer)
-
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
- (wo)
-
Helsinki
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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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, Sang-Yong Tom
- Heshmati, Almas
- The United Nations University World Institute for Development Economics Research (UNU-WIDER)
Entstanden
- 2005
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