EN
FDI and Economic Growth Relationship Based on Cross-Country Comparison
Abstract
This paper aims to investigate empirically the impact of FDI on economic growth for Azerbaijan, Kyrgyz Republic, Kazakhstan, Tajikistan, Turkmenistan, and Uzbekistan over the period 1997-2010. The Johansen cointegration and Granger causality tests are used in order to analyze 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. The cointegration test results indicated that FDI and Economic Growth variables are cointegrated for Azerbaijan and Turkmenistan. By using Granger Causality test we found that FDI causes GDP for Azerbaijan and bidirectional causality is observed for Turkmenistan.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
June 1, 2013
Submission Date
June 1, 2013
Acceptance Date
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Published in Issue
Year 2013 Volume: 3 Number: 2
APA
Gursoy, F., Sekreter, A., & Kalyoncu, H. (2013). FDI and Economic Growth Relationship Based on Cross-Country Comparison. International Journal of Economics and Financial Issues, 3(2), 519-524. https://izlik.org/JA99AP39JR
AMA
1.Gursoy F, Sekreter A, Kalyoncu H. FDI and Economic Growth Relationship Based on Cross-Country Comparison. IJEFI. 2013;3(2):519-524. https://izlik.org/JA99AP39JR
Chicago
Gursoy, Faruk, Ahmet Sekreter, and Huseyin Kalyoncu. 2013. “FDI and Economic Growth Relationship Based on Cross-Country Comparison”. International Journal of Economics and Financial Issues 3 (2): 519-24. https://izlik.org/JA99AP39JR.
EndNote
Gursoy F, Sekreter A, Kalyoncu H (June 1, 2013) FDI and Economic Growth Relationship Based on Cross-Country Comparison. International Journal of Economics and Financial Issues 3 2 519–524.
IEEE
[1]F. Gursoy, A. Sekreter, and H. Kalyoncu, “FDI and Economic Growth Relationship Based on Cross-Country Comparison”, IJEFI, vol. 3, no. 2, pp. 519–524, June 2013, [Online]. Available: https://izlik.org/JA99AP39JR
ISNAD
Gursoy, Faruk - Sekreter, Ahmet - Kalyoncu, Huseyin. “FDI and Economic Growth Relationship Based on Cross-Country Comparison”. International Journal of Economics and Financial Issues 3/2 (June 1, 2013): 519-524. https://izlik.org/JA99AP39JR.
JAMA
1.Gursoy F, Sekreter A, Kalyoncu H. FDI and Economic Growth Relationship Based on Cross-Country Comparison. IJEFI. 2013;3:519–524.
MLA
Gursoy, Faruk, et al. “FDI and Economic Growth Relationship Based on Cross-Country Comparison”. International Journal of Economics and Financial Issues, vol. 3, no. 2, June 2013, pp. 519-24, https://izlik.org/JA99AP39JR.
Vancouver
1.Faruk Gursoy, Ahmet Sekreter, Huseyin Kalyoncu. FDI and Economic Growth Relationship Based on Cross-Country Comparison. IJEFI [Internet]. 2013 Jun. 1;3(2):519-24. Available from: https://izlik.org/JA99AP39JR