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  1. 1 Ekonomia XXI Wieku

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  1. 1 Folfas P.

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  1. 1 2015

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Bezpośrednie inwestycje zagraniczne i wzrost gospodarczy w państwach G-5 oraz BRICS – analiza przyczynowości w sensie Grangera

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Folfas P.
Ekonomia XXI Wieku
|
2015
|
issue 3 (7)
30-45
EN
Research concerns causality between FDI inflows and real GDP growth in ten countries: France, Germany, Japan, U.S., U.K., Brazil, China, India, Russia and South Africa during the period 1971-2012. The analysis is based on Granger-causality tests. The study is aimed at answering a question whether there is one way or two-way causality (or no causality at all) between FDI inflows and real GDP growth in G-5 and BRICS countries. According to the Granger-causality tests one-way causality occurs only in the case of Japan and India. Thus, Granger-causality between FDI inflows and real GDP growth seems to be a country-specific issue and any genral conlusions concerning developed or developing economies are not justified.
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