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Zagreb International Review of Economics & Business, Vol. 10 No. 1, 2007.

Original scientific paper

Foreign Direct Investment-Led Growth Hypothesis: Evidence from the Greek Economy

Constantinos Alexiou ; Business Administration and Economics Department, City Liberal Studies, Thessaloniki, Greece.
Persefoni V. Tsaliki ; Department of Economics, Aristotle University, Thessaloniki, Greece.

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Abstract

In this paper, authors explore the Foreign Direct Investment-Led Growth hypothesis for the Greek economy in the Post-War era. In doing so, they engage in testing the cointegration of the series and explore the causal dimension between Foreign Direct Investment and GDP growth through Granger Causality tests and VAR models. The empirical findings cast serious doubts on the FDI-led growth hypothesis permeating the existing academic literature.

Keywords

FDI-led growth hypothesis; causality tests; policy implications

Hrčak ID:

33427

URI

https://hrcak.srce.hr/33427

Publication date:

1.5.2007.

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