Foreign Direct Investment and Economic Growth: Empirical Evidence from Indonesia
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- Article · November 2007 Source: RePEc CITATIONS 150 READS 3,054 2 authors
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See discussions, stats, and author profiles for this publication at: https://www.researchgate.net/publication/5082307 Foreign Direct Investment and Economic Growth: Empirical Evidence from Sectoral Data in Indonesia Article · November 2007 Source: RePEc CITATIONS 150 READS 3,054 2 authors: Some of the authors of this publication are also working on these related projects: Dampak Kredit Perbankan Terhadap Sektor Riil dan Finansial: Model SVAR Indonesia View project Abdul Khaliq Universitas Andalas 5 PUBLICATIONS 156 CITATIONS SEE PROFILE Ilan Noy Victoria University of Wellington 130 PUBLICATIONS 4,778 CITATIONS SEE PROFILE All content following this page was uploaded by Ilan Noy on 19 March 2014. The user has requested enhancement of the downloaded file. Foreign Direct Investment and Economic Growth: Empirical Evidence from Sectoral Data in Indonesia Abdul Khaliq Department of Economics Andalas University, Indonesia and Ilan Noy Department Economics University of Hawai’i at Manoa March 2007 Abstract The paper investigates the impact of foreign direct investment (FDI) on economic growth using detailed sectoral data for FDI inflows to Indonesia over the period 1997-2006. In the aggregate level, FDI is observed to have a positive effect on economic growth. However, when accounting for the different average growth performance across sectors, the beneficial impact of FDI is no longer apparent. When examining different impacts across sectors, estimation results show that the composition of FDI matters for its effect on economic growth with very few sectors showing positive impact of FDI and one sector even showing a robust negative impact of FDI inflows (mining and quarrying). The sectors examined are: farm food crops, livestock product, forestry, fishery, mining and quarrying, non-oil and gas industry, electricity, gas and water, construction, retail and wholesale trade, hotels and restaurant, transport and communications, and other private and services sectors. Download 470.94 Kb. Do'stlaringiz bilan baham: 
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