Foreign Direct Investment, Institutional Quality and Economic Growth

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26482789%3A_____%2F19%3AN0000044" target="_blank" >RIV/26482789:_____/19:N0000044 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.tandfonline.com/doi/abs/10.1080/09638199.2018.1564064?journalCode=rjte20" target="_blank" >https://www.tandfonline.com/doi/abs/10.1080/09638199.2018.1564064?journalCode=rjte20</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1080/09638199.2018.1564064" target="_blank" >10.1080/09638199.2018.1564064</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Foreign Direct Investment, Institutional Quality and Economic Growth

Popis výsledku v původním jazyce

Institutional quality is considered to be an important factor in boosting the economic growth of a country. This paper explores the role of institutional quality in economic growth and more specifically the role it plays via the channel of foreign direct investments. This paper uses a larger dataset of 104 countries and applies GMM estimation method to a dynamic panel data to evaluate the direct impact of institutional quality on economic growth and the indirect impact of institutional quality on economic growth through enhancing the FDI-induced economic growth. This paper provides evidence that both FDI inflows and institutional quality cause stronger economic growth. The FDI-led growth, however, was only experienced in the low and middle-income countries. In these countries, better institutional quality was also found to be enhancing the FDI-led economic growth. An important finding of this paper is that in the high-income countries, FDI was found to slow down the economic growth. The results are robust and consistent for individual institutional quality indicators and controlling for endogeneity.

Název v anglickém jazyce

Foreign Direct Investment, Institutional Quality and Economic Growth

Popis výsledku anglicky

Institutional quality is considered to be an important factor in boosting the economic growth of a country. This paper explores the role of institutional quality in economic growth and more specifically the role it plays via the channel of foreign direct investments. This paper uses a larger dataset of 104 countries and applies GMM estimation method to a dynamic panel data to evaluate the direct impact of institutional quality on economic growth and the indirect impact of institutional quality on economic growth through enhancing the FDI-induced economic growth. This paper provides evidence that both FDI inflows and institutional quality cause stronger economic growth. The FDI-led growth, however, was only experienced in the low and middle-income countries. In these countries, better institutional quality was also found to be enhancing the FDI-led economic growth. An important finding of this paper is that in the high-income countries, FDI was found to slow down the economic growth. The results are robust and consistent for individual institutional quality indicators and controlling for endogeneity.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2019

Kód důvěrnosti údajů

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

Název periodika

The Journal of International Trade & Economic Development

ISSN

0963-8199

e-ISSN

1469-9559

Svazek periodika

28/2019

Číslo periodika v rámci svazku

5

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

19

Strana od-do

561-579

Kód UT WoS článku

000470021700003

EID výsledku v databázi Scopus

2-s2.0-85059535716