- 期刊
Does foreign direct investment have a lagging effect on economic growth? An empirical study of Guangdong, China
摘要
The relationship between foreign direct investment (FDI) and economic growth has always been a hot issue. FDI is always a long-term investment behavior that may last for many years. Does FDI promote economic growth immediately or later? This paper uses the distributed lag model and panel data from 2000 to 2017 to examine it in Guangdong province, China. We find FDI has a lagging effect on growth. The results show FDI will inhibit economic growth in the first few years. However, in the future, if FDI increase 1%, GDP will grow 0.033%. Fixed investment, population, consumption and the total value of imports and exports are also significantly improving growth. Policymakers should be patient with FDI and it will work in the future. Further study should focus on industry effect, source country effect and development stage difference.
延伸閱讀
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