紀要論文 Impact of Foreign Direct Investment and Financial Market Development on Economic Growth

Hino, Tomoko

32pp.25 - 37 , 2018-03 , The Institute of Comparative Economic Studies, Hosei University
ISSN:09111247
NII書誌ID(NCID):AA10459262
内容記述
Foreign direct investment (FDI) has a major impact on the economic growth of both the investing and host countries. In the present study, the impact of FDI and financial market development on economic growth in host countries is examined by conducting ordinary least squares, fixed effects model, and instrumental variables regression analyses of panel data collected for 60 countries from 1980 to 2014. The results of the analyses show that FDI and financial market development have independent positive effects on economic growth in host countries, and also that financial market development does not increase the positive effect of FDI on economic growth.
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http://repo.lib.hosei.ac.jp/bitstream/10114/13833/1/j32-hino.pdf

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