外来直接投资与经济增长关系:以拉美新兴巴西为例。

IF 1 Q4 BUSINESS
F. Kayani, Omar Mahmoud Al-Ammary, Misbah Sadiq
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引用次数: 2

摘要

资本存量在刺激任何国家的经济增长和发展方面都具有至关重要的作用。内向外国直接投资被认为是经济发展的重要催化剂之一,特别是对资源和资本匮乏的国家而言。在这篇文章中,我们研究了拉丁美洲新兴经济体之一巴西的外来直接投资与经济增长之间的关系。我们获取了1996年至2019年期间因变量和自变量的年度时间序列数据,如流入外国直接投资、人均国内生产总值、就业、资本形成和出口。最初,我们应用皮尔逊相关检验来检验多元共线性的问题。然后,我们进行了普通最小二乘回归和随机效应回归分析,以衡量变量之间关系的性质,并测试结果的稳健性。我们发现,外国直接投资与GDP和出口之间存在着积极而显著的关系。而外商直接投资和就业和资本形成的关系不显著。这篇文章对拉丁美洲其他发展中国家具有重要的政策意义;它们需要吸引大量的外国直接投资来实现强劲的经济增长和发展。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Inward FDI and Economic Growth Nexus: A Case of Emerging Brazil from Latin America.
Capital stock is possessing pivotal importance in stimulating the economic growth and development of any country. Inward FDI is considered as one of the important catalysts of economic development particularly for the resource and capital poor countries. In this article we have examined the relationship between inward FDI and economic growth in case of one of the emerging economies of Latin America i.e., Brazil. We took annual time series data for the dependent and independent variables like inward FDI, per capita Gross Domestic Product (GDP), employment, capital formation, and exports for the period ranging from 1996 to 2019. Initially, we applied Pearson Correlation test for examining the issue of Multicollinearity. Then we ran Ordinary Least Square Regression and Random Effect Regression Analysis for gauging the nature of relationship between the variables as well as for testing the robustness of the results. We found that FDI has a positive and significant relationship with GDP and the exports. Whereas, FDI has insignificant relationship with the employment and capital formation. The article holds an important policy implication for the other developing countries of Latin America;they need to attract good amount of inward FDI to achieve the robust economic growth and development.
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来源期刊
Scientific Papers of the University of Pardubice, Series D: Faculty of Economics and Administration
Scientific Papers of the University of Pardubice, Series D: Faculty of Economics and Administration Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
2.00
自引率
25.00%
发文量
25
审稿时长
6 weeks
期刊介绍: The faculty cooperates on the edition of the scientific journal E&M Economics and Management (E&M). The journal publishes high quality original research articles and scientifi c studies based on theoretical and empirical analyses. E&M encourages new intriguing ideas and new perspectives on existing state of knowledge. Among the key topics covered are Economics, Business Administration, Finance, Management, Information Management, and Marketing & Trade. The journal features theoretical articles as well as application-oriented papers. Occasionally published review articles summarising existing knowledge are accepted only if they are based on a systematic literature review.
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