Journal article | Zeitschriftenartikel

Trade, foreign direct investment and economic growth in Asian economies

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.

Trade, foreign direct investment and economic growth in Asian economies

Urheber*in: Liu, Xiaohui; Shu, Chang; Sinclair, Peter

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Umfang
Seite(n): 1603-1612
Sprache
Englisch
Anmerkungen
Status: Postprint; begutachtet (peer reviewed)

Erschienen in
Applied Economics, 41(13)

Ereignis
Geistige Schöpfung
(wer)
Liu, Xiaohui
Shu, Chang
Sinclair, Peter
Ereignis
Veröffentlichung
(wann)
2009

DOI
URN
urn:nbn:de:0168-ssoar-239974
Rechteinformation
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
Letzte Aktualisierung
21.06.2024, 16:26 MESZ

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Objekttyp

  • Zeitschriftenartikel

Beteiligte

  • Liu, Xiaohui
  • Shu, Chang
  • Sinclair, Peter

Entstanden

  • 2009

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