Foreign Direct Investment and Growth Relationship in Georgia

Foreign Direct Investment and Growth Relationship in Georgia

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This paper aims to investigate the empirically the impact of FDI on economic growth of Georgia over the period of 1997-2010. The Engle-Granger cointegration and Granger causality tests are used in order to analyse the causal relationship between FDI and economic growth. It is crucial to see the dire...

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Main Authors: Faruk Gürsoy, Huseyin KALYONCU
Format: Article
Language:English
Published: EconJournals 2012-01-01
Series:International Journal of Economics and Financial Issues
Subjects:
Economic growth
Foreign direct investment
Granger causality
Online Access:http://www.econjournals.com/index.php/ijefi/article/view/238/pdf
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spelling doaj-7cc7826d077d42138d93afd0587c43d22020-11-24T23:08:51ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382012-01-0123267271Foreign Direct Investment and Growth Relationship in GeorgiaFaruk GürsoyHuseyin KALYONCUThis paper aims to investigate the empirically the impact of FDI on economic growth of Georgia over the period of 1997-2010. The Engle-Granger cointegration and Granger causality tests are used in order to analyse the causal relationship between FDI and economic growth. It is crucial to see the directions of causality between two variables for the policy makers to encourage private sectors. It is found that these two variables are cointegrated. Our empirical findings suggest that it is FDI that causes GDP in the case of Georgia.http://www.econjournals.com/index.php/ijefi/article/view/238/pdfEconomic growthForeign direct investmentGranger causality
collection DOAJ
language English
format Article
sources DOAJ
author Faruk Gürsoy
Huseyin KALYONCU
spellingShingle Faruk Gürsoy
Huseyin KALYONCU
Foreign Direct Investment and Growth Relationship in Georgia
International Journal of Economics and Financial Issues
Economic growth
Foreign direct investment
Granger causality
author_facet Faruk Gürsoy
Huseyin KALYONCU
author_sort Faruk Gürsoy
title Foreign Direct Investment and Growth Relationship in Georgia
title_short Foreign Direct Investment and Growth Relationship in Georgia
title_full Foreign Direct Investment and Growth Relationship in Georgia
title_fullStr Foreign Direct Investment and Growth Relationship in Georgia
title_full_unstemmed Foreign Direct Investment and Growth Relationship in Georgia
title_sort foreign direct investment and growth relationship in georgia
publisher EconJournals
series International Journal of Economics and Financial Issues
issn 2146-4138
publishDate 2012-01-01
description This paper aims to investigate the empirically the impact of FDI on economic growth of Georgia over the period of 1997-2010. The Engle-Granger cointegration and Granger causality tests are used in order to analyse the causal relationship between FDI and economic growth. It is crucial to see the directions of causality between two variables for the policy makers to encourage private sectors. It is found that these two variables are cointegrated. Our empirical findings suggest that it is FDI that causes GDP in the case of Georgia.
topic Economic growth
Foreign direct investment
Granger causality
url http://www.econjournals.com/index.php/ijefi/article/view/238/pdf
work_keys_str_mv AT farukgursoy foreigndirectinvestmentandgrowthrelationshipingeorgia
AT huseyinkalyoncu foreigndirectinvestmentandgrowthrelationshipingeorgia
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