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Economic Growth and FDI in Asia: A Panel-Data Approach

Author

Listed:
  • Aviral Kumar Tiwari

    (Faculty of Applied Economics, Faculty of Management, ICFAI University, Tripura, Kamalghat, Sadar, West Tripura, 799210, Room No.405, India)

  • Mihai Mutascu

    (LEO (Laboratoire d'Economie d'Orléans) UMR6221, Faculté de Droit d'Economie et de Gestion, University of Orléans, Rue de Blois - B.P. 6739, 45067, Orléans, France)

Abstract

This study examines the impact of foreign direct investment on economic growth in Asian countries. We did our analysis in the panel framework for the period 1986 to 2008. We also examined the nonlinearities associated with foreign direct investment and exports in the economic growth process of Asian countries under consideration. We find that both foreign direct investment and exports enhance the growth process. In addition, labour and capital also play an important role in the growth of Asian countries. We suggest an export-led growth path particularly at the initial stage of growth and in the later period, dependence on FDI might be a feasible option.

Suggested Citation

  • Aviral Kumar Tiwari & Mihai Mutascu, 2011. "Economic Growth and FDI in Asia: A Panel-Data Approach," Economic Analysis and Policy, Elsevier, vol. 41(2), pages 173-187, September.
    • Handle: RePEc:eee:ecanpo:v:41:y:2011:i:2:p:173-187
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    More about this item

    Keywords

    Growth; FDI; Connection; Effects; Panel analysis;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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