文章基本信息

标题：The causal relationship between Foreign Direct Investment and Current Account: an empirical investigation for Pakistan economy
本地全文：下载
作者：Siddiqui, Danish Ahmed ; Ahmad, Mohsin Hasnain ; Asim, Muhammad 等
期刊名称：Theoretical and Applied Economics
印刷版ISSN：1841-8678
电子版ISSN：1844-0029
出版年度：2013
卷号：XX
期号：8(585)
页码：91-106
出版社：Asociatia Generala a Economistilor din Romania - AGER
摘要：This paper investigates relationship between FDI and current account (CA) in Pakistan using the Johansen-Juselius cointegration technique and the Granger causality test. The study results indicate that FDI and CA are cointegrated and thus exhibit a reliable long run relationship. The Granger causality test findings indicate that the causality between FDI and CA is uni-directional. However, there is no short run causality from FDI to CA and vice versa. Therefore, as a policy implication that FDI inflows may cause to the deterioration of the balance of payments in the long run should be taken into account when policy makers decide to implement policies to attract foreign investors.
关键词：Asia; Pakistan; Cointegration; Granger; FDI; causality; Current Account.