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Foreign direct investment, economic growth, and financial sector development: a comparative analysis.
ASEAN Economic Bulletin, December, 2004 by Choong, Chee-Keong; Soo, Siew-Ohoo; Yusop, Zulkornain
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In this study patterns of foreign direct investment (FDI) and economic growth are investigated among select developed and East Asian countries. In particular, it aims to investigate the develolgment o[" the domestic financial sector in tranaferring the technological diffusion embodied in FDI inflows to the chosen countries.
It is evident in all the countries under study that both FDI and economic growth are not cointegrated by themselves directly. but rather through their dynamic interaction with the development of the domestic financial sector. Our results prove that the presence of ...
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