Relationship between Foreign Direct Investment and Economic Growth Case Study of Nepal

Xinfeng Yan, Majagaiya, Kundan Pokhrel

Abstract


This study examines the serial correlation ship between foreign direct investment and economic growth of Nepal
in terms of GDP for the period of 1983-2007.This study has been carried out with log and non log - values using
Durbin-Watson Test and Cochrance-Orcutt method. The result shows that even though marginal effect seems to
be because of presence of auto-correlation, without presence of auto-correlation FDI does not adequately
describe the GDP.

Full Text: PDF DOI: 10.5539/ijbm.v6n6p242

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International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

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