Foreign direct investment, natural resources and economic growth: a threshold model approach

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F21%3A10415806" target="_blank" >RIV/00216208:11230/21:10415806 - isvavai.cz</a>

Result on the web

<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=ANS.62nhTG" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=ANS.62nhTG</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1108/JES-03-2020-0127" target="_blank" >10.1108/JES-03-2020-0127</a>

Result language

angličtina

Original language name

Foreign direct investment, natural resources and economic growth: a threshold model approach

Original language description

Purpose The aim of this paper is to investigate the contingency effect of natural resource abundance on the foreign direct investment (FDI)-growth relationship in a nonlinear (threshold) model. Design/methodology/approach The authors use the fixed effect threshold model for panel data with annual frequency for 83 countries and estimate threshold level of natural resource abundance that split the sample and change the FDI-growth relationship. Findings The results show that FDI has a strong positive impact on the economic growth of the host country if the host country&apos;s natural resources export is below the statistically significant estimated threshold. However, this FDI-induced economic growth is watered-down if the countries natural resources export is larger than the estimated threshold. Originality/value The results show that FDI has a strong positive impact on the economic growth of the host country if the host country&apos;s natural resources export is below the statistically significant estimated threshold. However, this FDI-induced economic growth is watered-down if the countries natural resources export is larger than the estimated threshold. The results are robust for alternative indicators of natural resources, i.e. natural resources rents.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50201 - Economic Theory

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2021

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Economic Studies

ISSN

0144-3585

e-ISSN

—

Volume of the periodical

48

Issue of the periodical within the volume

5

Country of publishing house

GB - UNITED KINGDOM

Number of pages

16

Pages from-to

929-944

UT code for WoS article

000570537300001

EID of the result in the Scopus database

2-s2.0-85090315818