Foreign Direct Investment and Growth: EU, EMU, and Transition Economies

Anastasia Angelopoulou () and Panagiotis Liargovas
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Anastasia Angelopoulou: University of Peloponnese, Postal: Department of Economics, University of Peloponnese, Tripolis Campus, 22100, Greece

Journal of Economic Integration, 2014, vol. 29, 470-495

Abstract: This paper empirically examines the relationship between Foreign Direct Investment (FDI) and economic growth conducting a panel data analysis for a period of 20 years (1989~2008) in three different country groups: European Union member-countries, European Monetary Union member-countries, and countries in transition. These three country groups differ in many dimensions, one of which is their degree of economic integration. In contrast to the theoretical work that tends to suggest that FDI inflows have a positive effect on economic growth, we do not find a robust causality relationship between FDI and economic growth.

Keywords: FDI; Economic Growth; Transition Countries; EU Countries (search for similar items in EconPapers)
JEL-codes: F14 F23 F43 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0637

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