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FDI and Economic Growth Relationship Based on Cross-Country Comparison

Year 2013, Volume: 3 Issue: 2, 519 - 524, 01.06.2013

Faruk Gursoy Ahmet Sekreter Huseyin Kalyoncu

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

Economic growth foreign direct investment Granger causality

Year 2013, Volume: 3 Issue: 2, 519 - 524, 01.06.2013

Faruk Gursoy Ahmet Sekreter Huseyin Kalyoncu

Abstract

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Details

Other ID JA82KA85HN
Journal Section Research Article
Authors

Faruk Gursoy This is me

Ahmet Sekreter This is me

Huseyin Kalyoncu This is me

Publication Date June 1, 2013
Published in Issue Year 2013 Volume: 3 Issue: 2

Cite

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.
AMA Gursoy F, Sekreter A, Kalyoncu H. FDI and Economic Growth Relationship Based on Cross-Country Comparison. IJEFI. June 2013;3(2):519-524.
Chicago Gursoy, Faruk, Ahmet Sekreter, and Huseyin Kalyoncu. “FDI and Economic Growth Relationship Based on Cross-Country Comparison”. International Journal of Economics and Financial Issues 3, no. 2 (June 2013): 519-24.
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 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, 2013.
ISNAD Gursoy, Faruk et al. “FDI and Economic Growth Relationship Based on Cross-Country Comparison”. International Journal of Economics and Financial Issues 3/2 (June 2013), 519-524.
JAMA 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, 2013, pp. 519-24.
Vancouver Gursoy F, Sekreter A, Kalyoncu H. FDI and Economic Growth Relationship Based on Cross-Country Comparison. IJEFI. 2013;3(2):519-24.