EconPapers    
Economics at your fingertips  
 

Foreign Direct Investment and Growth: An Empirical Investigation based on Cross-Country Comparison

Ilhan Ozturk and Huseyin Kalyoncu

Economia Internazionale / International Economics, 2007, vol. 60, issue 1, 75-81

Abstract: This paper investigates empirically the impact of FDI on economic growth of Turkey and Pakistan over the period of 1975-2004. To analyse the causal relationship between FDI and economic growth, the Engle-Granger cointegration and Granger causality tests are used. It is found that these two variables are cointegrated for both countries studied. Our empirical fi ndings suggest that it is GDP that causes FDI in the case of Pakistan, while there is strong evidence of a bi-directional causality between the two variables for Turkey.

Keywords: Economic growth; foreign direct investment; Granger causality (search for similar items in EconPapers)
JEL-codes: C32 F21 O40 (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://www.iei1946.it/RePEc/ccg/OZTURK_KALYONCU%2075_81.pdf Full text (application/pdf)

Related works:
Working Paper: Foreign Direct Investment and Growth: An Empiricial Investigation Based on Cross-Country Comparison (2007) Downloads
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:ris:ecoint:0066

Access Statistics for this article

Economia Internazionale / International Economics is currently edited by Giovanni Battista Pittaluga

More articles in Economia Internazionale / International Economics from Camera di Commercio Industria Artigianato Agricoltura di Genova Via Garibaldi 4, 16124 Genova, Italy. Contact information at EDIRC.
Bibliographic data for series maintained by Angela Procopio (angela.procopio@ge.camcom.it).

 
Page updated 2025-03-19
Handle: RePEc:ris:ecoint:0066