Foreign direct investment and growth in developing countries: evidence from the countries of the Organisation of Eastern Caribbean States

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cepal.articleNo4
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2018/5-P
cepal.docTypeRevistas
cepal.jelCodeF21
cepal.jelCodeF43
cepal.jelCodeC23
cepal.jobNumberRVI124_Martin
cepal.physicalDescriptiongráficos., tablas.
cepal.regionalOfficeSantiago
cepal.sdg1
cepal.sdg8
cepal.sdg10
cepal.sdg17
cepal.topicEngECONOMIC GROWTH
cepal.topicEngFOREIGN DIRECT INVESTMENT
cepal.topicEngMACROECONOMICS
cepal.topicSpaCRECIMIENTO ECONÓMICO
cepal.topicSpaINVERSIÓN EXTRANJERA DIRECTA
cepal.topicSpaMACROECONOMÍA
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorMamingi, Nlandu
dc.contributor.authorMartin, Kareem
dc.coverage.spatialEngCARIBBEAN REGION
dc.coverage.spatialSpaCARIBE
dc.coverage.temporalEnd2013
dc.coverage.temporalStart1988
dc.date.accessioned2018-08-15T17:39:05Z
dc.date.available2018-08-15T17:39:05Z
dc.date.issued2018-04
dc.description.abstractThis paper empirically explores the relationship between foreign direct investment (FDI) and economic growth in the countries of the Organisation of Eastern Caribbean States (OECS). To reach that goal, the paper utilizes panel data consisting of annual data covering the period 1988-2013 from 34 countries, including the six OECS economies, and estimates a dynamic panel growth model using the generalized method of moments (GMM). The empirical results show that although FDI positively affects growth, its impact is minimal when considered in isolation. In other words, its significant effect is rather indirect. There is also a strong and positive interaction between infrastructural development and FDI in enhancing economic growth, but FDI crowds out domestic investment. These findings have policy implications.
dc.formatTexto
dc.format.extentpáginas. 79-9
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2018/5-P
dc.identifier.urihttps://hdl.handle.net/11362/43952
dc.language.isoeng
dc.physicalDescriptionp. 79-98; grafs., tabls.
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo124
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecordLa inversión extranjera directa y el crecimiento en los países en desarrollo: el caso de los países de la Organización de Estados del Caribe Oriental
dc.relation.translationUrihttps://hdl.handle.net/11362/43461
dc.rights.coarDisponible
dc.subject.unbisEngFOREIGN DIRECT INVESTMENT
dc.subject.unbisEngMACROECONOMICS
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngECONOMETRIC MODELS
dc.subject.unbisEngECONOMIC INDICATORS
dc.subject.unbisSpaINVERSION EXTRANJERA DIRECTA
dc.subject.unbisSpaMACROECONOMIA
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaMODELOS ECONOMETRICOS
dc.subject.unbisSpaINDICADORES ECONOMICOS
dc.titleForeign direct investment and growth in developing countries: evidence from the countries of the Organisation of Eastern Caribbean States
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublicationd46f1c00-ffd8-414a-b1f3-253efc92af75
relation.isAuthorOfPublication2aaaec50-5930-47d9-b572-e8a2814938d7
relation.isAuthorOfPublication.latestForDiscoveryd46f1c00-ffd8-414a-b1f3-253efc92af75
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