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
Formato:	Texto
Lenguaje:	English
Publicado:	2018
Materias:	INVERSION EXTRANJERA DIRECTA MACROECONOMIA CRECIMIENTO ECONOMICO MODELOS ECONOMETRICOS INDICADORES ECONOMICOS FOREIGN DIRECT INVESTMENT MACROECONOMICS ECONOMIC GROWTH ECONOMETRIC MODELS ECONOMIC INDICATORS
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
work_keys_str_mv	AT maminginlandu foreigndirectinvestmentandgrowthindevelopingcountriesevidencefromthecountriesoftheorganisationofeasterncaribbeanstates AT martinkareem foreigndirectinvestmentandgrowthindevelopingcountriesevidencefromthecountriesoftheorganisationofeasterncaribbeanstates
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Foreign direct investment and growth in developing countries: evidence from the countries of the Organisation of Eastern Caribbean States

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