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Foreign direct investment and domestic investment on the economic growth of the Uzbekistan: A VECM analysis
International Journal of Research in Finance and Management · 2021 · Vol. 4(1) · pp. 19–24
Abstract
The present paper deals with the relationship between FDI, GDP, and DI using a vector error-correction model (VECM). The empirical model is based on quarterly data for the period 2010-2019 in Uzbekistan. The Granger causality test indicates a positive significant bidirectional relationship between GDP and GDP Granger causes FDI and a change in the GDP indicate in advance a change in the level of FDI The variance decomposition indicates that fluctuations in FDI are explained by the shocks in GDP (55.0 percent) and Uzbekistan’s domestic investment has a greater impact on growth than FDI.
Economic and Industrial DevelopmentSustainability and Innovation in BusinessWater and Wastewater TreatmentForeign direct investmentGranger causalityEconomicsVariance decomposition of forecast errorsError correction modelVector autoregressionMonetary economicsCausality (physics)Investment (military)Gross private domestic investment
Citations
8
FWCI
1.18
field-weighted impact
References
12
Percentile
88%
vs. same field & year
Citations per year
References
Human Capital and FDI Inflows to Developing Countries: New Empirical Evidence
World Development · 2001 · 971 citations
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Foreign direct investment and domestic investment on the economic growth of the Uzbekistan: A VECM analysis
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