Relationship between Financial Development and Foreign Direct Investment

IDEC DP2 Series 7 巻 2 号 1-24 頁 2017-09 発行
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タイトル ( eng )
Relationship between Financial Development and Foreign Direct Investment
作成者
Hnin Htet Htet Win
収録物名
IDEC DP2 Series
7
2
開始ページ 1
終了ページ 24
抄録
This study examines the relationship between foreign direct investment (FDI) and financial development (FD) based on a sample of 93 countries including high-income, upper middle-income and low-income countries. The estimation results for the entire sample indicate that FDI is beneficial instrument to enhance the speed of FD. The empirical results for the high-income countries indicate that FDI stimulates only the loan sector and does not have a significant effect on domestic credit for the private sector. The empirical results for upper middle-income countries show that FDI can speed up the FD of upper middle-income countries. Finally, the results for low-income countries indicate that the effects of both FDI on both the domestic credit sector and domestic credit for private financial sector of FD are unclear and inconsistent.
著者キーワード
Financial Development
Foreign Direct Investment
Domestic Investment
Arellano Bond (1991)
Dynamic Panel GMM Estimation
NDC分類
経済 [ 330 ]
言語
英語
資源タイプ 紀要論文
出版者
広島大学大学院国際協力研究科
発行日 2017-09
出版タイプ Version of Record(出版社版。早期公開を含む)
アクセス権 オープンアクセス