The Effect of Outward Foreign Direct Investmenton on Home Country’s Economic Growth——The Empirical Study from Panel Data of Provincial Level
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Abstract This paper studies the effect of outward foreign direct investment to home country’s economic growth with co integration and error correction model test by analyzing the provincial panel data from 2003 to 2010. It is found that there are long-term equilibrium relationship between OFDI and economic growth in the whole eastern and middle panel data, while there is no co integration in the western panel data. The regression based on random effect model shows that the coefficient of eastern panel data is bigger than the whole and middle panel data. Error correction model test predicts that the long-term effect is much bigger than the short term effect.
FENG Cai,CA Ze-Xiang. The Effect of Outward Foreign Direct Investmenton on Home Country’s Economic Growth——The Empirical Study from Panel Data of Provincial Level . Economic Survey, 2012, 1(6): 046.
2012, Vol. 1 
