Nexus between foreign direct investment and economic growth in Bangladesh: an augmented autoregressive distributed lag bounds testing approach  

作　　者：Bibhuti Sarker Farid Khan 

机构地区：[1]Department of Economics,University of Manitoba,Winnipeg,Manitoba,Canada [2]Department of Economics,Bangabandhu Sheikh Mujibur Rahman Science and Technology University,Gopalganj 8100,Bangladesh [3]Department of Economics,Rajshahi University,Rajshahi 6205,Bangladesh

出　　处：《Financial Innovation》2020年第1期173-190,共18页金融创新（英文）

摘　　要：The relationship between foreign direct investment(FDI)inflows and economic growth in host countries is a heavily debated issue.Although some studies have found evidence of the positive impact of FDI on economic growth,others have revealed the opposite result.Studies that examined the causality between FDI and gross domestic product(GDP)also have found evidence of unidirectional causality and,in some cases,a bidirectional causality.This study investigated the causal nexus between FDI and GDP in Bangladesh by employing standard time-series econometric tools,namely,augmented Dickey-Fuller,augmented Dickey-Fuller generalized least square,Kwiatkowski-Phillips-Schmidt-Shin,and Lee-Strazicich unit root tests to check stationarity,augmented autoregressive distributed lag(augmented ARDL)bounds testing approach to check cointegration,and Granger causality to explore the direction of causality.The augmented ARDL model found a long-run relationship between FDI and GDP.In addition,the error correction model and Granger causality results indicated the presence of a unidirectional causality running from GDP to FDI.

关 键 词：FDI GDP Augmented ARDL Causality Economic growth 

分 类 号：F83[经济管理—金融学]