Abstract
Impact of Foreign Investment on Economic Growth in OECD’s Members: A Panel Data Model, 1977-2017
Highlights
Foreign investment (FI) has been intensifying with the globalization process in recent decades
This research showed, firstly, through the review of the literature and later through the graphic analysis that the increase in FI has a positive relationship with Gross Domestic Product (GDP) in the sixteen economies of the Organization for Economic Cooperation and Development (OECD)
Granger’s causality analysis reveals that there is a causal relationship in 31 lags, the first 9 years of causation is unidirectional from FI to GDP, 15 years of bidirectional causality between FI and GDP, and 7 years of unidirectional causality from GDP to foreign investment, which indicates that there is a strong causal relationship between FI and economic growth
Summary
Foreign investment (FI) has been intensifying with the globalization process in recent decades.
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