Foreign Direct Investment (FDI), Trade and Its Contribution to the Proposed Logistics Hub in Jamaica

Kimberly Racquel Elizabeth Chin ()
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Kimberly Racquel Elizabeth Chin: Wuhan University of Technology

International Journal of Management Science and Business Administration, 2016, vol. 2, issue 4, 44-49

Abstract: In order to objectively analyze contribution of logistic operations to Jamaica’s Foreign Direct Investment (FDI), we perform the Granger causality test. This test was used to determine the relationship among Gross Domestic Product (as a dependent variable) and Government Income, Trade, FDI inflow and the Exchange rate (as independent variables). The Granger causality test produced evidence of a bidirectional causality relationship which suggests that FDI’s influence on efficiency lies in the government relaxing its dependency on the mining industry for economic growth.

Keywords: FDI; Economic growth; Logistics performance; Trade volume; GDP; Government income; Exchange rate; Transportation systems; Employment (search for similar items in EconPapers)
JEL-codes: M00 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:mgs:ijmsba:v:2:y:2016:i:4:p:44-49

DOI: 10.18775/ijmsba.1849-5664-5419.2014.24.1004

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