Huy Tiet Pham; Gan, Christopher; Hu, Baiding - In: Journal of risk and financial management : JRFM 15 (2022) 5, pp. 1-26
This study investigated the linkages between foreign direct investment (FDI) and financial development measured by banks and stock markets in 30 Asian developing countries from 1986 to 2019. We used a bivariate model with Granger causality tests to test the reverse causality between FDI and...