Journal
RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE
Volume 52, Issue -, Pages -Publisher
ELSEVIER
DOI: 10.1016/j.ribaf.2019.101129
Keywords
Infrastructure; Sectoral FDI; ARDL; NARDL; Pakistan
Categories
Ask authors/readers for more resources
This study explores the causal, linear, and nonlinear relationship between sectoral level foreign direct investment (FDI) inflows and infrastructure (transport, telecommunication, financial, and energy sectors) of Pakistan. Granger causality and autoregressive distributed lag (ARDL) approach to cointegration; suggest the presence of long-run bidirectional causality between infrastructure and FDI, while the nonlinear ARDL affirms the asymmetries in this connection. Results suggest that sectoral FDI inflows are important to enhance infrastructure in various sectors, both in the short and long-run. As improving infrastructure is vital to attracting FDI, results will be particularly useful to policymakers concerned about emerging markets.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available