Konferenzbeitrag
The long-run effect of foreign direct investment on total factor productivity in developing countries: A panel cointegration analysis
This paper examines the long-run effect of the level of foreign direct investment (FDI) on the level of total factor productivity (TFP) for 70 developing countries for the period 1981-2011 using panel cointegration techniques. It is found that (i) FDI has, on average, a negative long-run effect on TFP in developing countries; (ii) causality runs in only one direction, from FDI to TFP, and (iii) the long-run effect of FDI of TFP differs between selected groups of countries: while the estimated long-run FDI-TFP coefficients are significantly negative for subsamples of countries with lower levels of human capital, financial development, and trade openness, the coefficients are insignificant or significantly positive for subgroups of countries with higher levels of human capital, financial development, and trade openness.
- Sprache
-
Englisch
- Erschienen in
-
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2015: Ökonomische Entwicklung - Theorie und Politik - Session: Foreign Direct Investment II ; No. E05-V1
- Klassifikation
-
Wirtschaft
International Investment; Long-term Capital Movements
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Herzer, Dierk
- Ereignis
-
Veröffentlichung
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Konferenzbeitrag
Beteiligte
- Herzer, Dierk
Entstanden
- 2015
Ähnliche Objekte (12)
Pair-wise cointegration in long-run growth models
Idle Capital and Long-Run Productivity
Religiosity and long-run productivity growth
Long-run Money Demand in OECD Countries – Cross-Member Cointegration
Long-run Money Demand in OECD Countries – Cross-Member Cointegration
Prospects for Long-Run Productivity Growth in Japan
Productivity, tradability, and the long-run price puzzle
Adaptation to Poverty in Long-Run Panel Data
Adaptation to poverty in long-run panel data
Adaptation to poverty in long-run panel data
Long Run Exchange Rate Pass-Through: A Panel Cointegration Approach
Long-Run Linkages between US Stock Prices and Cryptocurrencies: A Fractional Cointegration Analysis
Pair-wise cointegration in long-run growth models
Idle Capital and Long-Run Productivity
Religiosity and long-run productivity growth
Long-run Money Demand in OECD Countries – Cross-Member Cointegration
Long-run Money Demand in OECD Countries – Cross-Member Cointegration
Prospects for Long-Run Productivity Growth in Japan
Productivity, tradability, and the long-run price puzzle
Adaptation to Poverty in Long-Run Panel Data
Adaptation to poverty in long-run panel data
Adaptation to poverty in long-run panel data
Long Run Exchange Rate Pass-Through: A Panel Cointegration Approach
Long-Run Linkages between US Stock Prices and Cryptocurrencies: A Fractional Cointegration Analysis
Pair-wise cointegration in long-run growth models
Idle Capital and Long-Run Productivity
Religiosity and long-run productivity growth
Long-run Money Demand in OECD Countries – Cross-Member Cointegration
Long-run Money Demand in OECD Countries – Cross-Member Cointegration
Prospects for Long-Run Productivity Growth in Japan
Productivity, tradability, and the long-run price puzzle
Adaptation to Poverty in Long-Run Panel Data
Adaptation to poverty in long-run panel data
Adaptation to poverty in long-run panel data
Long Run Exchange Rate Pass-Through: A Panel Cointegration Approach