The impact transnational corporations’ foreign direct investment on GDP: Evidence from Azerbaijan

Khayal Amiraslanov ()
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Khayal Amiraslanov: University of Economy

The Scientific-Analytical Journal "Economic Reforms", 2025, vol. 2025, issue 1, 153-167

Abstract: This study investigates the long-term relationship between GDP and foreign direct investment (FDI) in the Azerbaijani economy, taking into account structural changes. In the analysis, nominal GDP and FDI figures were deflated to 2005 base-year values and transformed into natural logarithms to ensure constant variance. Augmented unit root tests, incorporating dummy variables for structural breaks, confirmed the stationarity of both series...

Keywords: GDP; FDI; economic growth; co-integration; Azerbaijan economy (search for similar items in EconPapers)
JEL-codes: F21 F22 O33 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:azr:reform:v:2025:y:2025:i:1:p:139-152

DOI: 10.30546/2790-2196.01.12.2025.2031

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