EconPapers    
Economics at your fingertips  
 

FDI and Economic Growth Relationship Based on Cross-Country Comparison

Faruk Gürsoy, Ahmet Sekreter and Huseyin Kalyoncu
Additional contact information
Faruk Gürsoy: VInternational Black Sea University, Tbilisi, Georgia

International Journal of Economics and Financial Issues, 2013, vol. 3, issue 2, 519-524

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.

Keywords: Economic growth; foreign direct investment; Granger causality (search for similar items in EconPapers)
JEL-codes: C32 F21 O4 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://econjournals.com/index.php/ijefi/article/download/460/pdf (application/pdf)
http://econjournals.com/index.php/ijefi/article/view/460/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2013-02-24

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().

 
Page updated 2022-09-05
Handle: RePEc:eco:journ1:2013-02-24