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Article
Economic Growth and FDI in Asia: A Panel-Data Approach
Economic Analysis & Policy (2011)
  • Aviral Tiwari
  • Mihai Mutascu
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.
Keywords
  • Growth,
  • FDI,
  • Connection,
  • Effects,
  • Panel analysis
Disciplines
Publication Date
Fall September 10, 2011
Publisher Statement
Published
Citation Information
Aviral Tiwari and Mihai Mutascu. "Economic Growth and FDI in Asia: A Panel-Data Approach" Economic Analysis & Policy Vol. 41 Iss. 2 (2011)
Available at: http://works.bepress.com/aviral_kumar_tiwari/14/