Analysis of the Relationship Between GDP and FDI on the Economic Growth of Laos

• 作者: Thanet Wattanakul
• 来源期刊: 经济世界：英文版
• 学科: 经济
• 关键词: GDP FDI Laos CO-INTEGRATION VECM
• 年，卷（期）: 2018,（4）
• 页码范围: 295-302
• 页数: 8页
• 分类号: F

摘要

In the current globalization stream,the foreign investment is an important role not only for developed country but at all especially the least developing country as Laos.This study aims to examine the relationship between the gross domestic product(GDP)and foreign direct investment(FDI)on economic growth of Laos by using data from 1985 to 2014.The long run relationship was analyzed by Johansen co-integration test and estimated the speed of adjustment by Vector Error Correction approach.Estimated results indicated that there was long run relationship running from FDI to GDP and the relation would return to the equilibrium in about 19 when it occurred.This study suggests that policy maker should improve the other factor for motivated FDI and accelerate Lao economy.