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2010•Journal of Nanjing Institute of TechnologyRequires access

An Empirical Analysis of the Relationship between Foreign Direct Investment(FDI) and Economic Growth of Jiangsu Province

Tao Jiang

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Abstract

By utilizing unit root test,co-integration test and Granger cause and effect test,this paper examines the relationship between foreign direct investment(FDI) and economic growth of Jiangsu Province since 1990.The results show that the impacts of FDI on GDP of Jiangsu Province increases with the rise of FDI.However,FDI does not lead to Jiangsu economic growth.Instead,the latter boosts the former.Accordingly,Jiangsu Province should strengthen its efforts to introduce foreign capital,to maximize the efficiency of foreign investment and to expand investment scope.Furthermore,to guarantee a balanced development of Jiangsu Province,it is critical to encourage the development of central and northern areas in policies and to attract more foreign capital.

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What this paper is about

By utilizing unit root test,co-integration test and Granger cause and effect test,this paper examines the relationship between foreign direct investment(FDI) and economic growth of Jiangsu Province since 1990.The results show that the impacts of FDI on GDP of Jiangsu Province increases with the rise of FDI.However,FDI does not lead to Jiangsu economic growth.Instead,the latter boosts the former.Accordingly,Jiangsu Province should strengthen its efforts to introduce foreign capital,to maximize the efficiency of foreign investment and to expand investment scope.Furthermore,to guarantee a balanced development of Jiangsu Province,it is critical to encourage the development of central and northern areas in policies and to attract more foreign capital.

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Available abstract

By utilizing unit root test,co-integration test and Granger cause and effect test,this paper examines the relationship between foreign direct investment(FDI) and economic growth of Jiangsu Province since 1990.The results show that the impacts of FDI on GDP of Jiangsu Province increases with the rise of FDI.However,FDI does not lead to Jiangsu economic growth.Instead,the latter boosts the former.Accordingly,Jiangsu Province should strengthen its efforts to introduce foreign capital,to maximize the efficiency of foreign investment and to expand investment scope.Furthermore,to guarantee a balanced development of Jiangsu Province,it is critical to encourage the development of central and northern areas in policies and to attract more foreign capital.

Key concepts: Foreign direct investment, Foreign capital, Unit root test, Scope (computer science), Capital (architecture), Investment (military), Economics, International economics

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