Matches in SemOpenAlex for { <https://semopenalex.org/work/W2489439906> ?p ?o ?g. }
- W2489439906 endingPage "202" @default.
- W2489439906 startingPage "179" @default.
- W2489439906 abstract "Purpose – The purpose of this paper is to determine cause and effect relationship between foreign direct investment (FDI) and economic growth (gross domestic product (GDP) taken as proxy) for Brazil, Russia, India, China and South Africa (BRICS nations) individually for the period 1992-2013. Also, the study tries to explore the reasons behind the linkage between FDI and GDP by estimating a linear regression model consisting of both macro-economic and institutional variables. Design/methodology/approach – Johansen cointegration technique followed by vector error correction model (VECM) and standard Granger causality test are employed to investigate the causal linkage between FDI and GDP. To delve into the reasons behind this linkage, an ordinary least square (OLS) technique is also applied to test the linear regression model consisting of net FDI inflows as dependent variable and nine macro- economic and institutional variables. Residual diagnostics is also conducted using Breusch-Godfrey Lagrange Multiplier test for diagnosing the problem of serial correlation, Breusch-Pagan-Godfrey test for examining heteroskedasticity and Jarque Bera test for verifying the normality of residuals. Findings – The Johansen cointegration result establishes a single cointegrating vector (long run relationship) between FDI and GDP for India, China and Brazil. After proving a cointegration, VECM results revealed that there exists unidirectional long run causality running from GDP to FDI in case of Brazil, India and China. Also, it is confirmed that there exists short run causality between FDI and GDP in China, i.e. the past lags of FDI jointly impact the value of GDP. However, for Russia and South Africa, where there is no cointegration in the long run, standard Granger causality test is conducted which reveals that in both the nations, FDI and GDP are independent of one another. The results of OLS technique reveal different country-specific factors causing this linkage between FDI inflows and economic growth. Originality/value – Various researchers in the past have examined this issue of linkage between FDI and GDP in the context of various developing or developed nations. This reveals a gap in the existing literature pertaining to this causal linkage in the context of the BRICS. Thus, this study fills this gap by analyzing not just this causal nexus with the help of VECM and Granger causality techniques but also tries to explore further the reasons for such strong/weak/no link with the help of fitting a regression model which comprises of both macro-economic and institutional country-specific variables influencing this causation." @default.
- W2489439906 created "2016-08-23" @default.
- W2489439906 creator A5020416808 @default.
- W2489439906 creator A5043552571 @default.
- W2489439906 date "2016-08-01" @default.
- W2489439906 modified "2023-10-11" @default.
- W2489439906 title "Causal nexus between foreign direct investment and economic growth" @default.
- W2489439906 cites W1484067837 @default.
- W2489439906 cites W1528520074 @default.
- W2489439906 cites W1546195232 @default.
- W2489439906 cites W1593216120 @default.
- W2489439906 cites W1970687100 @default.
- W2489439906 cites W1971230637 @default.
- W2489439906 cites W1975830170 @default.
- W2489439906 cites W1980929775 @default.
- W2489439906 cites W1997752947 @default.
- W2489439906 cites W2000440486 @default.
- W2489439906 cites W2001227017 @default.
- W2489439906 cites W2006584889 @default.
- W2489439906 cites W2011117168 @default.
- W2489439906 cites W2011755079 @default.
- W2489439906 cites W2016582220 @default.
- W2489439906 cites W2017737359 @default.
- W2489439906 cites W2018459789 @default.
- W2489439906 cites W2021719027 @default.
- W2489439906 cites W2021940297 @default.
- W2489439906 cites W2031449178 @default.
- W2489439906 cites W2040594632 @default.
- W2489439906 cites W2041336113 @default.
- W2489439906 cites W2042611711 @default.
- W2489439906 cites W2046081281 @default.
- W2489439906 cites W2050424512 @default.
- W2489439906 cites W2060806362 @default.
- W2489439906 cites W2061022293 @default.
- W2489439906 cites W2061295606 @default.
- W2489439906 cites W2062278183 @default.
- W2489439906 cites W2070631858 @default.
- W2489439906 cites W2074158860 @default.
- W2489439906 cites W2077904179 @default.
- W2489439906 cites W2083828204 @default.
- W2489439906 cites W2090944845 @default.
- W2489439906 cites W2095232457 @default.
- W2489439906 cites W2105230690 @default.
- W2489439906 cites W2107602191 @default.
- W2489439906 cites W2110603299 @default.
- W2489439906 cites W2119898223 @default.
- W2489439906 cites W2129834077 @default.
- W2489439906 cites W2140196462 @default.
- W2489439906 cites W2147995570 @default.
- W2489439906 cites W2153562738 @default.
- W2489439906 cites W2155395273 @default.
- W2489439906 cites W2162820035 @default.
- W2489439906 cites W2163948933 @default.
- W2489439906 cites W2166974667 @default.
- W2489439906 cites W2168605160 @default.
- W2489439906 cites W2178225550 @default.
- W2489439906 cites W2324785183 @default.
- W2489439906 cites W2417044696 @default.
- W2489439906 cites W3121163108 @default.
- W2489439906 cites W3122911226 @default.
- W2489439906 cites W3123888140 @default.
- W2489439906 cites W3124011232 @default.
- W2489439906 cites W3124380383 @default.
- W2489439906 cites W4230704549 @default.
- W2489439906 doi "https://doi.org/10.1108/jamr-04-2015-0028" @default.
- W2489439906 hasPublicationYear "2016" @default.
- W2489439906 type Work @default.
- W2489439906 sameAs 2489439906 @default.
- W2489439906 citedByCount "19" @default.
- W2489439906 countsByYear W24894399062017 @default.
- W2489439906 countsByYear W24894399062018 @default.
- W2489439906 countsByYear W24894399062019 @default.
- W2489439906 countsByYear W24894399062020 @default.
- W2489439906 countsByYear W24894399062021 @default.
- W2489439906 countsByYear W24894399062022 @default.
- W2489439906 countsByYear W24894399062023 @default.
- W2489439906 crossrefType "journal-article" @default.
- W2489439906 hasAuthorship W2489439906A5020416808 @default.
- W2489439906 hasAuthorship W2489439906A5043552571 @default.
- W2489439906 hasConcept C101104100 @default.
- W2489439906 hasConcept C104317684 @default.
- W2489439906 hasConcept C114350782 @default.
- W2489439906 hasConcept C124953554 @default.
- W2489439906 hasConcept C129824826 @default.
- W2489439906 hasConcept C134024062 @default.
- W2489439906 hasConcept C139719470 @default.
- W2489439906 hasConcept C145162277 @default.
- W2489439906 hasConcept C149782125 @default.
- W2489439906 hasConcept C162324750 @default.
- W2489439906 hasConcept C181683161 @default.
- W2489439906 hasConcept C185592680 @default.
- W2489439906 hasConcept C204208750 @default.
- W2489439906 hasConcept C31266012 @default.
- W2489439906 hasConcept C33842695 @default.
- W2489439906 hasConcept C55493867 @default.
- W2489439906 hasConcept C99656134 @default.
- W2489439906 hasConceptScore W2489439906C101104100 @default.
- W2489439906 hasConceptScore W2489439906C104317684 @default.