Does FDI really matter to economic growth in India?

Yoon Jung Choi and Jungho Baek

The main contribution of this article is to examine the productivity spillover effects from India’s inward foreign direct investment (FDI), controlling for trade, in the framework of the cointegrated vector autoregression (CVAR). For this purpose, using the Solow residual approach the aggregate total factor productivity (TFP) in India is estimated to measure FDI-induced spillovers. The results show that the inflow of FDI to India indeed improves TFP growth through positive spillover effects. We also find that trade appears to have a detrimental effect on TFP growth in India.

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Year of publication:	June 2017
Authors:	Choi, Yoon Jung ; Baek, Jungho
Published in:	Economies : open access journal. - Basel : MDPI, ISSN 2227-7099, ZDB-ID 2704214-5. - Vol. 5.2017, 2, p. 1-9
Subject:	cointegrated VAR \| FDI \| India \| total factor productivity \| Auslandsinvestition \| Foreign investment \| Indien \| Wirtschaftswachstum \| Economic growth \| Produktivität \| Productivity \| Kointegration \| Cointegration \| VAR-Modell \| VAR model \| Schätzung \| Estimation

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Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.3390/economies5020020 [DOI] hdl:10419/197023 [Handle]
Classification:	C22 - Time-Series Models ; F14 - Country and Industry Studies of Trade
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011754019