A causal relationship between foreign direct investment,economic growth and export for D8 countries

This study investigates the relationship between exports, foreign direct investments (FDI) and economic growth in D8 countries in the period 2000-2014. Using the recently developed mean group and pooled mean group estimation techniques on cross-country panel data . The empirical analysis reveals that there is a positive long-run relationship between FDI, EXPORT and economic growth. By using the PMG (pooled mean group estimation ) methods the elasticity of GDP with respect to FDI is 0.137% and 0.170%, respectively. The results also indicate that the foreign direct investment and export is a significant factor that positively affects economic growth in the D8 countries.

کلیدواژه ها:

economic growth ، foreign direct investments ، exports ، panel analysis ، pmg method