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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50201 - Economic Theory

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2021

Kód důvěrnosti údajů

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

Název periodika

Journal of Economic Studies

ISSN

0144-3585

e-ISSN

—

Svazek periodika

48

Číslo periodika v rámci svazku

5

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

16

Strana od-do

929-944

Kód UT WoS článku

000570537300001

EID výsledku v databázi Scopus

2-s2.0-85090315818