Outward Foreign Direct Investment and Economic Growth: Evidence from Japan and Singapore

Chew Ging Lee

No 2009-02, NUBS Malaysia Campus Research Paper Series from Nottingham University Business School Malaysia Campus

Abstract: This article aims at analyzing the role of foreign direct investment (FDI) outflows in economic performance and the impact of economic growth on outward FDI with the data of two high income Asian countries: Japan and Singapore. The results show that there is a short-run bidirectional causality between outward FDI and GDP per capita for Singapore, but a long-run bidirectional causality for Japan. In the short-run, per capita income of Japan Granger causes its outward FDI.

Keywords: Causality; Outward FDI; Growth (search for similar items in EconPapers)
JEL-codes: F20 O10 (search for similar items in EconPapers)
Date: 2009-04
New Economics Papers: this item is included in nep-fdg and nep-sea
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Citations: View citations in EconPapers (15)

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