文章基本信息

标题：The Long-Run Effect of FDI Inflows on Total Factor Productivity: Evidence from African Countries
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作者：Halwan Musaad Mansour A ; ZHANG YA Bin ; Waqar Ameer 等
期刊名称：Journal of Economics and Sustainable Development
印刷版ISSN：2222-2855
电子版ISSN：2222-2855
出版年度：2017
卷号：8
期号：14
页码：11-19
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：From 2001-2014, had foreign direct investment inflows had significant long-term effects on total factor productivity in African countries. Following the latest dynamic techniques of panel data analysis of pooled mean group and mean group estimator (the Pesaran and Smith 1995, Journal of Econometrics 68: 79-113), we find strong evidence of insignificant impact of FDI inflows on total factor productivity. Augmented mean group estimator(AMG) introduced by Eberhardt and Teal (2010, Discussion Paper 515, Department of Economics, University of Oxford) and the Pesaran (2006,Econometrica 74: 967-1012) common correlated effects mean group estimator results also strongly support insignificant impact FDI inflows on total factor productivity in the long run in African economies. Augmented mean group estimator, common correlated effects mean group estimator and pooled mean group estimator result findings show that covariates or control variables (Trade and Domestic investment) have significant effects on total factor productivity in the long run. The result findings show that covariates or control variables are important determinants (factors) in defining exact relationship between FDI inflows and total factor productivity. Keywords: FDI inflows; Total Factor Productivity; Panel Data; Economic growth JEL Classification numbers: C33; F21; F23
其他摘要：From 2001-2014, had foreign direct investment inflows had significant long-term effects on total factor productivity in African countries. Following the latest dynamic techniques of panel data analysis of pooled mean group and mean group estimator (the Pesaran and Smith 1995, Journal of Econometrics 68: 79-113), we find strong evidence of insignificant impact of FDI inflows on total factor productivity. Augmented mean group estimator(AMG) introduced by Eberhardt and Teal (2010, Discussion Paper 515, Department of Economics, University of Oxford) and the Pesaran (2006,Econometrica 74: 967-1012) common correlated effects mean group estimator results also strongly support insignificant impact FDI inflows on total factor productivity in the long run in African economies. Augmented mean group estimator, common correlated effects mean group estimator and pooled mean group estimator result findings show that covariates or control variables (Trade and Domestic investment) have significant effects on total factor productivity in the long run. The result findings show that covariates or control variables are important determinants (factors) in defining exact relationship between FDI inflows and total factor productivity. Keywords: FDI inflows; Total Factor Productivity; Panel Data; Economic growth JEL Classification numbers: C33; F21; F23
关键词：FDI inflows; Total Factor Productivity; Panel Data; Economic growth JEL Classification numbers C33; F21; F23