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Correlation degree between FDI and economic growth ——— Based on comparison of three economic transitional countries (PDF)

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2005年04期
Page:
39-45
Research Field:
交通运输与经济
Publishing date:
2005-12-20

Info

Title:
Correlation degree between FDI and economic growth ——— Based on comparison of three economic transitional countries
Author(s):
XIE Xing-long1; 2;  SHI Ping1;  LI Xiao- feng2;  PAN Sheng-li2
1. School of Economic Management, Northwest University, Xian 710069, China; 2. School of Business Administration, Xian University of Technology, Xian 710048, China
Keywords:
economics;  economic growth;  transitional economy;  absorptive capacity;  direct foreign investment;  investment
PACS:
K217
DOI:
-
Abstract:
The paper employs the econometric approach to explore the contributions that FDI has made to economic growth in the three transitional economies:China,India and Brazil,finding out that in China FDI makes the greatest contribution, second in India, and last in Brazil. The empirical evidence discovers that India is the best in absorptive ability for FDI, next is China and last is Brazil. FDI flowing into India is only 1/13. 8 of that in China, 1/3. 4 of that in Brazil, but the growth rate is higher than that in Brazil, topping at 5. 5%(8. 5% in Chinese mainland). This fully shows the fine absorptiveness in India. In addition, different type of FDI have performed different function on the economic growth of the three countries. In China most FDIs are capital- intensified, lack of highly sophisticated modern technology. In Brazil FDI is mainly from mergering and acquisition, and it increases current assets but can not transform it into productivity. FDI in India is technologically intensified and concentrates on information sector,but due to its small scale its effect on economy on the whole is not obvious. At last, only through good cultivation of humen capitals, a rapid increase of absorptiveness and improvement of technical innovation, the three countries with transitional economy can enjoy FDI externalities and spillovers of FDL to promote their sustainable development.

References:

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Memo

Memo:
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Last Update: 2005-12-20