EN
Foreign Direct Investment and Growth Relationship in Georgia
Abstract
This paper aims to investigate the empirically the impact of FDI on economic growth of Georgia over the period of 1997-2010. The Engle-Granger cointegration and Granger causality tests are used in order to analyse the causal relationship between FDI and economic growth. It is crucial to see the directions of causality between two variables for the policy makers to encourage private sectors. It is found that these two variables are cointegrated. Our empirical findings suggest that it is FDI that causes GDP in the case of Georgia.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
September 1, 2012
Submission Date
September 1, 2012
Acceptance Date
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Published in Issue
Year 2012 Volume: 2 Number: 3
APA
Gürsoy, F., & Kalyoncu, H. (2012). Foreign Direct Investment and Growth Relationship in Georgia. International Journal of Economics and Financial Issues, 2(3), 267-271. https://izlik.org/JA63DM55NJ
AMA
1.Gürsoy F, Kalyoncu H. Foreign Direct Investment and Growth Relationship in Georgia. IJEFI. 2012;2(3):267-271. https://izlik.org/JA63DM55NJ
Chicago
Gürsoy, Faruk, and Huseyin Kalyoncu. 2012. “Foreign Direct Investment and Growth Relationship in Georgia”. International Journal of Economics and Financial Issues 2 (3): 267-71. https://izlik.org/JA63DM55NJ.
EndNote
Gürsoy F, Kalyoncu H (September 1, 2012) Foreign Direct Investment and Growth Relationship in Georgia. International Journal of Economics and Financial Issues 2 3 267–271.
IEEE
[1]F. Gürsoy and H. Kalyoncu, “Foreign Direct Investment and Growth Relationship in Georgia”, IJEFI, vol. 2, no. 3, pp. 267–271, Sept. 2012, [Online]. Available: https://izlik.org/JA63DM55NJ
ISNAD
Gürsoy, Faruk - Kalyoncu, Huseyin. “Foreign Direct Investment and Growth Relationship in Georgia”. International Journal of Economics and Financial Issues 2/3 (September 1, 2012): 267-271. https://izlik.org/JA63DM55NJ.
JAMA
1.Gürsoy F, Kalyoncu H. Foreign Direct Investment and Growth Relationship in Georgia. IJEFI. 2012;2:267–271.
MLA
Gürsoy, Faruk, and Huseyin Kalyoncu. “Foreign Direct Investment and Growth Relationship in Georgia”. International Journal of Economics and Financial Issues, vol. 2, no. 3, Sept. 2012, pp. 267-71, https://izlik.org/JA63DM55NJ.
Vancouver
1.Faruk Gürsoy, Huseyin Kalyoncu. Foreign Direct Investment and Growth Relationship in Georgia. IJEFI [Internet]. 2012 Sep. 1;2(3):267-71. Available from: https://izlik.org/JA63DM55NJ