| Title: | FDI and economic growth : a new look from the sectoral perspective |
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| Authors: | ID Šimić, Vladimir (Author)
ID Malešević-Perović, Lena (Author) |
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| Files: |  https://journals.um.si/index.php/oe/article/view/2574
https://journals.um.si/index.php/oe/article/view/2574
https://journals.um.si/index.php/oe/article/view/2574
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| Language: | English |
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| Work type: | Scientific work |
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| Typology: | 1.01 - Original Scientific Article |
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| Organization: | EPF - Faculty of Business and Economics
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| Abstract: | This paper investigates the impact of foreign direct investment (FDI) on
economic growth in a sample of 10 ex-socialist European and Asian countries.
While the link between FDI and economic growth has been extensively
investigated in empirical literature, this paper contributes to this literature
by econometrically investigating the effects of FDI inflows in specific sectors
using the panel data estimation techniques. In addition to confirming the
positive impact of total FDI inflows on economic growth, using the WiiW
(the Vienna Institute for International Economic Studies) FDI database,
which disentangles the FDI data across different industries, the paper finds
significant effects of FDI inflows in manufacturing on growth, whereas FDI
inflows in other sectors are only sporadically statistically significant. This
finding serves as a basis for further investigation of the specific subsectors
(NACE 2-letter classification) within manufacturing, and the empirical
investigation finds that not all FDI inflows within manufacturing enhance
economic growth. |
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| Keywords: | FDI, economic growth, sectoral data, manufacturing |
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| Publication status: | Published |
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| Publication version: | Version of Record |
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| Publication date: | 05.01.2023 |
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| Year of publishing: | 2022 |
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| Number of pages: | str. 1-11 |
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| Numbering: | Vol. 68, no. 4 |
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| PID: | 20.500.12556/DKUM-84545-d2768f44-5807-ef7f-3e7a-feff61e87d1c  |
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| UDC: | 330.322:330.35 |
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| ISSN on article: | 0547-3101 |
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| COBISS.SI-ID: | 139063811 |
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| DOI: | 10.2478/ngoe-2022-0019 |
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| Publication date in DKUM: | 19.06.2023 |
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| Views: | 593 |
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| Downloads: | 11 |
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| Metadata: |    |
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| Categories: | Misc.
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