FDI and economic growth: new evidence on the role of financial markets

W.N.w Azman-Saini, Siong Hook Law and Abdul Halim Ahmad

MPRA Paper from University Library of Munich, Germany

Abstract: This study uses a threshold regression model and finds new evidence that the positive impact of FDI on growth “kicks in” only after financial market development exceeds a threshold level. Until then, the benefit of FDI is non-existent.

Keywords: FDI; economic growth; financial markets; threshold effects (search for similar items in EconPapers)
JEL-codes: F23 F36 F43 O16 (search for similar items in EconPapers)
Date: 2009-01-08
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: FDI and economic growth: New evidence on the role of financial markets (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:65852

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