Empirical Study on the Relationship between FDI and Economic Growth in Shanghai
Advances in Applied Economics and Finance
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Title |
Empirical Study on the Relationship between FDI and Economic Growth in Shanghai
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Creator |
Yu, Zhen
Li, Hong-jiang |
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Subject |
FDI; Economic growth; Cointegration analysis; Granger causality test; Error correction model
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Description |
The study analyzes the relationship between FDI and economic growth based on the data of GDP and actual absorption of FDI in Shanghai from 1981 to 2011. The cointegration analysis on them indicates that FDI and economic growth indeed has a long-term and stable equilibrium relationship. The Granger causality test further suggests that real value of actual absorption of FDI Granger-causes the real GDP, but actual absorption of FDI don’t Granger-cause real GDP. However, the error correction model built afterwards supports that the short–term changes of the real value of the actual absorption of FDI has almost no influence on the real GDP.
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Publisher |
World Science Publisher
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Contributor |
—
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Date |
2012-07-11
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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Format |
application/pdf
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Identifier |
http://worldsciencepublisher.org/journals/index.php/AAEF/article/view/526
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Source |
Advances in Applied Economics and Finance; Vol 1, No 3 (2012); 174-181
2167-6348 |
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Language |
eng
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Relation |
http://worldsciencepublisher.org/journals/index.php/AAEF/article/view/526/427
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Rights |
Copyright NoticeProposed Creative Commons Copyright Notices1. Proposed Policy for Journals That Offer Open AccessAuthors who publish with this journal agree to the following terms:Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).Proposed Policy for Journals That Offer Delayed Open AccessAuthors who publish with this journal agree to the following terms:Authors retain copyright and grant the journal right of first publication, with the work [SPECIFY PERIOD OF TIME] after publication simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
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