Foreign direct investment and growth in developing countries: evidence from the countries of the Organisation of Eastern Caribbean States

This paper empirically explores the relationship between foreign direct investment (FDI) and economic growth in the countries of the Organisation of Eastern Caribbean States (OECS). To reach that goal, the paper utilizes panel data consisting of annual data covering the period 1988-2013 from 34 coun...

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Autores principales: Mamingi, Nlandu, Martin, Kareem
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Lenguaje:English
Publicado: 2018
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Acceso en línea:http://hdl.handle.net/11362/43952
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spelling oai-11362-439522020-03-06T16:50:27Z Foreign direct investment and growth in developing countries: evidence from the countries of the Organisation of Eastern Caribbean States Mamingi, Nlandu Martin, Kareem INVERSION EXTRANJERA DIRECTA MACROECONOMIA CRECIMIENTO ECONOMICO MODELOS ECONOMETRICOS INDICADORES ECONOMICOS FOREIGN DIRECT INVESTMENT MACROECONOMICS ECONOMIC GROWTH ECONOMETRIC MODELS ECONOMIC INDICATORS This paper empirically explores the relationship between foreign direct investment (FDI) and economic growth in the countries of the Organisation of Eastern Caribbean States (OECS). To reach that goal, the paper utilizes panel data consisting of annual data covering the period 1988-2013 from 34 countries, including the six OECS economies, and estimates a dynamic panel growth model using the generalized method of moments (GMM). The empirical results show that although FDI positively affects growth, its impact is minimal when considered in isolation. In other words, its significant effect is rather indirect. There is also a strong and positive interaction between infrastructural development and FDI in enhancing economic growth, but FDI crowds out domestic investment. These findings have policy implications. 2018-08-15T17:39:05Z 2018-08-15T17:39:05Z 2018-04 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/43952 LC/PUB.2018/5-P 4 en CEPAL Review CEPAL Review 124 .pdf application/pdf 1988 CARIBE CARIBBEAN REGION 2013
institution Cepal
collection Cepal
language English
topic INVERSION EXTRANJERA DIRECTA
MACROECONOMIA
CRECIMIENTO ECONOMICO
MODELOS ECONOMETRICOS
INDICADORES ECONOMICOS
FOREIGN DIRECT INVESTMENT
MACROECONOMICS
ECONOMIC GROWTH
ECONOMETRIC MODELS
ECONOMIC INDICATORS
spellingShingle INVERSION EXTRANJERA DIRECTA
MACROECONOMIA
CRECIMIENTO ECONOMICO
MODELOS ECONOMETRICOS
INDICADORES ECONOMICOS
FOREIGN DIRECT INVESTMENT
MACROECONOMICS
ECONOMIC GROWTH
ECONOMETRIC MODELS
ECONOMIC INDICATORS
Mamingi, Nlandu
Martin, Kareem
Foreign direct investment and growth in developing countries: evidence from the countries of the Organisation of Eastern Caribbean States
description This paper empirically explores the relationship between foreign direct investment (FDI) and economic growth in the countries of the Organisation of Eastern Caribbean States (OECS). To reach that goal, the paper utilizes panel data consisting of annual data covering the period 1988-2013 from 34 countries, including the six OECS economies, and estimates a dynamic panel growth model using the generalized method of moments (GMM). The empirical results show that although FDI positively affects growth, its impact is minimal when considered in isolation. In other words, its significant effect is rather indirect. There is also a strong and positive interaction between infrastructural development and FDI in enhancing economic growth, but FDI crowds out domestic investment. These findings have policy implications.
format Texto
author Mamingi, Nlandu
Martin, Kareem
author_facet Mamingi, Nlandu
Martin, Kareem
author_sort Mamingi, Nlandu
title Foreign direct investment and growth in developing countries: evidence from the countries of the Organisation of Eastern Caribbean States
title_short Foreign direct investment and growth in developing countries: evidence from the countries of the Organisation of Eastern Caribbean States
title_full Foreign direct investment and growth in developing countries: evidence from the countries of the Organisation of Eastern Caribbean States
title_fullStr Foreign direct investment and growth in developing countries: evidence from the countries of the Organisation of Eastern Caribbean States
title_full_unstemmed Foreign direct investment and growth in developing countries: evidence from the countries of the Organisation of Eastern Caribbean States
title_sort foreign direct investment and growth in developing countries: evidence from the countries of the organisation of eastern caribbean states
publishDate 2018
url http://hdl.handle.net/11362/43952
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AT martinkareem foreigndirectinvestmentandgrowthindevelopingcountriesevidencefromthecountriesoftheorganisationofeasterncaribbeanstates
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