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Modeling Of Causal Relationships Between Foreign Direct Investement, Export And Economic Growth For Slovenia

Author

Listed:
  • Zuzana Gallová

    (Silesian University in Opava, School of Business Administration in Karviná)

  • Daniel Stavárek

    (Silesian University in Opava, School of Business Administration in Karviná)

Abstract

Foreign direct investment is generally considered to be an instrument how to stimulate economic growth of any country. Just because of this purpose governments of transition countries try to encourage the inflow of foreign direct investment by various measures. The aim of this paper is to analyse the relation between foreign direct investment, economic growth and export in Slovenia. For this purpose we apply cointegration analysis along with the vector error correction model. The results confirm the existence of a long-term relation between the variables analysed. We reveal a positive impact of GDP and impact of foreign direct investment on export.

Suggested Citation

  • Zuzana Gallová & Daniel Stavárek, 2010. "Modeling Of Causal Relationships Between Foreign Direct Investement, Export And Economic Growth For Slovenia," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 6, pages 489-498.
    • Handle: RePEc:osi:journl:v:6:y:2010:p:489-498
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    References listed on IDEAS

    as
    1. Mete Feridun & Yaya Sissoko, 2011. "Impact of FDI on Economic Development: A Causality Analysis for Singapore, 1976 – 2002," International Journal of Business and Economic Sciences Applied Research (IJBESAR), International Hellenic University (IHU), Kavala Campus, Greece (formerly Eastern Macedonia and Thrace Institute of Technology - EMaTTech), vol. 4(1), pages 7-17, March.
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    More about this item

    Keywords

    foreign direct investment; economic growth; export; cointegration; error correction model;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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