Causal Nexus between Economic Complexity and FDI: Empirical Evidence from Time Series Analysis

Hameed Khan, Umair Khan and Muhammad Asif Khan

Chinese Economy, 2020, vol. 53, issue 5, 374-394

Abstract: The rapid economic emergence of China is credited to be its products and economic complexity. Foreign direct investment, with its better-embedded knowhow and technology, is one of the main drivers for the higher economic complexity of China. By applying the ARDL and VECM approaches; this study confirms the long-run bidirectional and short-run unidirectional causal relationship between economic complexity and foreign direct investment. Besides, we include additional control variables such as institutional quality, information & communication technology, trade openness, per capita GDP, domestic investment, and human capital, which are found robust in our analysis.

Date: 2020
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DOI: 10.1080/10971475.2020.1730554

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