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Output impacts of the interaction between foreign direct investment and domestic credit: case study of Pacific Island countries

Chen, Hong and Singh, Baljeet (2017) Output impacts of the interaction between foreign direct investment and domestic credit: case study of Pacific Island countries. Studies in Economics and Finance, 34 (3). pp. 331-343. ISSN 1086-7376

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Abstract

In this paper we examine the link among foreign direct investment (FDI), domestic credit expansion, and economic growth for six Pacific Island countries. Using data over 1982-2011, we relate the interaction between domestic credit to private sector and FDI and its impacts on output. With employment of cointegration analyses and the generalized methods of moments estimator, our empirical analyses show that FDI and domestic credit to private sector serve as substitutes to promote output in Fiji, Papua New Guinea and Tonga; they are complementary in enhancing output in Samoa, Solomon Islands and Vanuatu.

Item Type: Journal Article
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HG Finance
Divisions: Faculty of Business and Economics (FBE) > School of Economics
Depositing User: Ms Shalni Sanjana
Date Deposited: 16 Sep 2016 12:17
Last Modified: 22 Aug 2017 11:35
URI: http://repository.usp.ac.fj/id/eprint/9279
UNSPECIFIED

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