FDI, financial development and growth: an ARDL cointegration approach for the Philippines
| dc.contributor.advisor | Daway, Sarah Lynne S. | |
| dc.contributor.author | Dagli, Suzette B. | |
| dc.date.accessioned | 2024-11-14T05:55:59Z | |
| dc.date.available | 2024-11-14T05:55:59Z | |
| dc.date.issued | 2014-08 | |
| dc.description.abstract | This study explores the long-run and short-run links among FDI, financial development and growth in the Philippines using the Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration found in Pesaran et al. (2001). The empirical results show that FDI has no significant long-run and short-run unconditional impacts on growth. Moreover, FDI is found to have both insignificant short-run and long-run effects on growth conditional on the level of financial sector development. These results are robust to some alternative specifications of the model, indicating weaknesses in the FDI and financial policies in the Philippines that call for future policy reforms. | |
| dc.identifier.uri | https://selib.upd.edu.ph/etdir/handle/123456789/1268 | |
| dc.language.iso | en | |
| dc.subject | FDI | |
| dc.subject | Financial development | |
| dc.subject | Economic growth | |
| dc.title | FDI, financial development and growth: an ARDL cointegration approach for the Philippines | |
| dc.type | Thesis |