Άμεσες ξένες επενδύσεις και οικονομική μεγέθυνση
Foreign direct investment and economic growth
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Keywords
Άμεσες ξένες επενδύσεις ; Οικονομική μεγέθυνση ; Δεδομένα πάνελ ; Foreign direct investment ; Economic growth ; Panel dataAbstract
Foreign Direct Investment is an important tool in the globalization process, while many view
them as an instrument to achieve economic growth. Although there have been a lot of studies
focusing on the relationship between these two variables, the results are inconclusive. There
are indications supporting that the relationship between the two variables is positive, but there
are also others supporting it is negative. The present paper studies the effect of FDI on
economic growth using Panel Data from 65 countries, for the time period 1990-2015, using
the statistical program Stata 13. Using the right valuation method of fixed effects, we drive to
the statistically important conclusion that FDI has a positive effect on economic growth. The
positive nature of this relationship is not altered even when defining more criteria
(geographical, income, oasa member, 30 biggest exporters) but it is not of equal statistical
importance in all cases.