Growth and Foreign Direct Investment in the Pacific Island countries Feeny, Simon, Iamsiraroj, Sasi and McGillivray, Mark 2014, Growth and Foreign Direct Investment in the Pacific Island countries, Economic modelling, vol. 37, pp. 332-339, doi: 10.1016/j.econmod.2013.11.018. Attached Files Name Description MIMEType Size Downloads Title Growth and Foreign Direct Investment in the Pacific Island countries Author(s) Feeny, Simon Iamsiraroj, Sasi McGillivray, Mark orcid.org/0000-0002-6461-2706 Journal name Economic modelling Volume number 37 Start page 332 End page 339 Total pages 8 Publisher Elsevier Place of publication Amsterdam, The Netherlands Publication date 2014-02 ISSN 0264-9993 1873-6122 Keyword(s) Foreign Direct Investment economic growth Pacific Social Sciences Economics Business & Economics LONG-RUN GROWTH ECONOMIC-GROWTH DEVELOPING STATES AID FLOWS FDI INEQUALITY MODELS TRADE Summary Achieving sustained high rates of economic growth in Pacific countries has proved incredibly challenging. Despite many being rich in natural resources, receiving high levels of foreign aid and being open to external trade, the economic growth rates of Pacific Island countries are the lowest and most volatile for all groups of developing countries. This paper examines the impact of Foreign Direct Investment (FDI) to the Pacific region. Results from the estimation of a number of empirical models suggest that the impact of FDI is lower in Pacific countries than it is in host countries on average. A 10% increase in the ratio of FDI to host Gross Domestic Product (GDP) is associated with higher growth of about 2% in all countries on average. The impact in Pacific countries falls to between 0.1 and 0.4%. A number of explanations for this finding are provided including some empirical evidence that FDI displaces domestic investment in the region. Language eng DOI 10.1016/j.econmod.2013.11.018 Field of Research 160505 Economic Development Policy 140202 Economic Development and Growth 1402 Applied Economics 1403 Econometrics 1502 Banking, Finance And Investment Socio Economic Objective 970116 Expanding Knowledge through Studies of Human Society HERDC Research category C1.1 Refereed article in a scholarly journal Grant ID LP110200746 Copyright notice ©2013, Elsevier Persistent URL http://hdl.handle.net/10536/DRO/DU:30084567 Document type: Journal Article Collections: Faculty of Arts and Education Alfred Deakin Institute for Citizenship and Globalisation Related Links Link Description Connect to published version Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Versions Version Filter Type Thu, 30 Jun 2016, 21:21:39 EST Thu, 30 Jun 2016, 21:23:00 EST Fri, 01 Jul 2016, 05:02:18 EST Thu, 25 May 2017, 06:02:07 EST Thu, 08 Jun 2017, 15:42:26 EST Thu, 08 Jun 2017, 15:46:35 EST Thu, 08 Jun 2017, 15:47:19 EST Filtered Full Citation counts:   Cited 16 times in TR Web of Science Cited 16 times in Scopus Search Google Scholar Access Statistics: 214 Abstract Views, 3 File Downloads  -  Detailed Statistics Created: Thu, 30 Jun 2016, 21:23:00 EST

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