The Impact of FDI on Economic Growth: Some Evidence from Southeast Europe

被引：64
|
作者：
Mehic, Eldin [1 ]
Silajdzic, Sabina [1 ]
Babic-Hodovic, Vesna [1 ]
机构：
[1] Univ Sarajevo, Sch Business & Econ, Sarajevo 71000, Bosnia & Herceg
来源：
EMERGING MARKETS FINANCE AND TRADE | 2013年 / 49卷
关键词：
economic growth; foreign direct investment; southeastern Europe; FOREIGN DIRECT-INVESTMENT; PANEL-DATA; TIME-SERIES; MODELS; EMPLOYMENT; TESTS;
D O I：
10.2753/REE1540-496X4901S101
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The aim of this paper is to investigate the impact of foreign direct investment (FDI) on economic growth in the transition countries of southeast Europe. The empirical analysis embraces seven southeast European countries in the period 1998-2007. The authors use Prais-Winsten regression with panel-corrected standard errors for the preferred estimation model. The main research result is the positive and statistically significant effect of FDI on economic growth. The impact of FDI is statistically significant and robust when including data on domestic investments. The results are robust to considering endogeneity issues (i.e., inverse causality).
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页码：5 / 20
页数：16
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