Work

Fdi and Economic Growth Relationship Based on Cross-country Comparison

Year: 2013

Type: article

Abstract: This paper aims to investigate empirically the impact of FDI on economic growth for Azerbaijan, Kyrgyz Republic, Kazakhstan, Tajikistan, Turkmenistan, and Uzbekistan over the period 1997-2010.The Johansen cointegration and Granger causality tests are used in order to analyze the causal relationship between FDI and economic growth.It is crucial to see the directions of causality between two variables for the policy makers to encourage private sectors.The cointegration test results indicated that FDI and Economic Growth variables are cointegrated for Azerbaijan and Turkmenistan.By using Granger Causality test we found that FDI causes GDP for Azerbaijan and bidirectional causality is observed for Turkmenistan.

Source: International Journal of Economics and Financial Issues

Authors: Faruk G rsoy, Ahmet Sekreter, H seyin Kalyoncu

Institutions: International Black Sea University, Meliksah University

Language: English

Topic: International Business and FDI

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Partnerships for the goals

Open Access status: gold

Estimated APC paid: $300

OpenAlex ID: W1540680450

FWCI: 5.93

Cites: 27

Cited by: 32

Related to: 10