Bibliographic citations
Henostroza, D., Ramirez, J. (2023). Inversión extranjera directa y crecimiento económico en el Perú: Un análisis de impacto y causalidad a nivel sectorial (1997-2021) [Trabajo de suficiencia profesional, Universidad Peruana de Ciencias Aplicadas (UPC)]. http://hdl.handle.net/10757/672075
Henostroza, D., Ramirez, J. Inversión extranjera directa y crecimiento económico en el Perú: Un análisis de impacto y causalidad a nivel sectorial (1997-2021) [Trabajo de suficiencia profesional]. PE: Universidad Peruana de Ciencias Aplicadas (UPC); 2023. http://hdl.handle.net/10757/672075
@misc{sunedu/3597597,
title = "Inversión extranjera directa y crecimiento económico en el Perú: Un análisis de impacto y causalidad a nivel sectorial (1997-2021)",
author = "Ramirez Peralta, Juan Maria",
publisher = "Universidad Peruana de Ciencias Aplicadas (UPC)",
year = "2023"
}
This study investigates the relationship between Foreign Direct Investment (FDI) and economic growth in Peru during the period 1997-2021, with a focus on six economic sectors. The aim is to determine whether FDI causes economic growth in specific sectors and its impact. To do so, the Toda and Yamamoto (1995) non-causality test is implemented to establish the direction of causality between the variables. This econometric methodology was chosen because, in contrast to the proposal by Granger (1969), it yields more robust results. Additionally, panel data and a random effects model with control variables are used to analyze the sectoral effect of FDI on economic growth. The results reveal that in sectors with higher FDI inflows, a significant causal relationship exists from FDI to economic growth. However, in other sectors and in the aggregated analysis, inverse or null relationships are observed. This underscores the sector-specific variability in the FDI-growth relationship, emphasizing the importance of tailored economic policies. The findings support the attraction of more FDI in key sectors due to their benefits in terms of capital, technology, employment, and exports. The study acknowledges limitations and suggests further research focused on specific sectors to optimize growth policies. These findings are specific to Peru but offer valuable insights for other developing economies.
This item is licensed under a Creative Commons License