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ID 45446
file
creator
Hnin Htet Htet Win
subject
Financial Development
Foreign Direct Investment
Domestic Investment
Arellano Bond (1991)
Dynamic Panel GMM Estimation
NDC
Economics
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.
journal title
IDEC DP2 Series
volume
Volume 7
issue
Issue 2
start page
1
end page
24
date of issued
2017-09
publisher
広島大学大学院国際協力研究科
language
eng
nii type
Departmental Bulletin Paper
HU type
Departmental Bulletin Papers
DCMI type
text
format
application/pdf
text version
publisher
department
Graduate School for International Development and Cooperation
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