Relationship between Financial Development and Foreign Direct Investment
IDEC DP2 Series Volume 7 Issue 2
Page 1-24
published_at 2017-09
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この文献の参照には次のURLをご利用ください : https://doi.org/10.15027/45446
| File | |
| Title ( eng ) |
Relationship between Financial Development and Foreign Direct Investment
|
| Creator |
Hnin Htet Htet Win
|
| Source Title |
IDEC DP2 Series
|
| Volume | 7 |
| Issue | 2 |
| Start Page | 1 |
| End Page | 24 |
| Abstract |
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.
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| Keywords |
Financial Development
Foreign Direct Investment
Domestic Investment
Arellano Bond (1991)
Dynamic Panel GMM Estimation
|
| NDC |
Economics [ 330 ]
|
| Language |
eng
|
| Resource Type | departmental bulletin paper |
| Publisher |
広島大学大学院国際協力研究科
|
| Date of Issued | 2017-09 |
| Publish Type | Version of Record |
| Access Rights | open access |
