The FDI-led growth hypothesis: further econometric evidence from China
Despite a large volume of econometric literature on the impacts of foreign direct investment (FDI) on economic growth in developing countries, the question of causality linkage between them has only been investigated very recently. This paper re-examines the FDI-led growth hypothesis in the case of China, a country which has become one of the major FDI recipient countries in the world. The study is based upon quarterly time series data and a vector autoregresion (VAR) model applying the Granger...[Show more]
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