FDI and Economic Growth in Malaysia

Mohammad Sharif Karimi and Zulkornain Yusop

MPRA Paper from University Library of Munich, Germany

Abstract: Abstract: This study examines the causal relationship between foreign direct investment and economic growth. Methodology is based on the Toda-Yamamoto test for causality relationship and the bounds testing (ARDL). Time-series data covering the period 1970-2005 for Malaysia, the study found, in the case of Malaysia there is no strong evidence of a bi-directional causality and long-run relationship between FDI and economic growth. This suggests that FDI has indirect effect on economic growth in Malaysia

Keywords: Foreign direct investment; Toda-Yamamoto test; bounds testing (ARDL); economic growth. Malaysia (search for similar items in EconPapers)
JEL-codes: C32 F14 F21 F43 O10 (search for similar items in EconPapers)
Date: 2009-03-26
New Economics Papers: this item is included in nep-cwa, nep-fdg and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (33)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:14999

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