【财政学文献研讨会】第四十七期

2018-05-21 22:54 编辑:admin 来源:代写论文 浏览:

论文题目Foreign Direct Investment, Economic Growth, and Political Instability (Kevin Willams, Journal of Economic Development 17 Volume42, Number 2, June 2017)

 

 

 

摘要:This paper studies the relationship between FDI and economic growth in a system of simultaneous equations framework. The system of simultaneous equations model exploits that the relationship between FDI and growth is endogenously determined with respect toeach other. Our empirical results yield that growth responds significantly positive to FDI. FDI on the other hand does not respond significantly to growth. In addition, we construct several dimensions of political instability and document that political instability has differential effect on FDI and growth. We show that the effect that these dimensions of political instability have on growth and FDI is not different in Sub-Saharan Africa, a region that experiences high incidence of politically instability.

 

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