Impact of FDI on Economic Development: A Causality Analysis for Singapore, 1976-2002
Loughborough University - Department of Economics
Indiana University of Pennsylvania - Department of Economics
April 11, 2011
International Journal of Economic Sciences and Applied Research, Vol. 4, No. 1, pp. 7-17
This study examines the relationship between economic growth as measured by GDP per capita and foreign direct investment for Singapore, using the methodology of Granger causality and vector auto regression (VAR). Evidence shows that there is a unidirectional Granger causation from foreign direct investment to economic growth.
Number of Pages in PDF File: 11
Keywords: Granger Causality, Vector Auto Regression, Economic Growth
JEL Classification: C22, F21, O47Accepted Paper Series
Date posted: April 14, 2011
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