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Special Graduate Schools
Graduate School of International Studies
Department of International Trade
3. Theses(Master)
The effect of foreign direct investment (FDI) on economic growth (GDP): Case of Ecuador
- Author(s)
- MUNOZ, VASQUEZ EDISON DANIEL
- Advisor
- Kim, TaeBong
- Department
- 국제대학원 국제통상학과
- Publisher
- Graduate School of International Studies Ajou University
- Publication Year
- 2017-02
- Language
- eng
- Alternative Abstract
- Foreign Direct Investment (FDI), theoretically speaking, is one financing source to accelerate economic development. It helps to improve the welfare of a country throughout the generation of employment, transfer of technology, capital accumulation, etc. However, several empirical studies have suggested that there is either a negative or positive impact on the economic growth. Those different results can be explained because of the particular characteristics of each study such as the period of time, methodologies, type of data, etc. Despite the facts that Ecuador's economy was ranked as eighth in the largest economies in Latin America with an average of 4.6% of GDP Growth during the period from 2000 to 2006, the development of the country is restricted. For instance, Ecuador adopted the US dollar as a national currency, the economy is highly dependent on oil exportation and a populist and protectionist governmental framework was imposed during the last 10 years. Consequently, there are few incentives for foreign investors and competitive disadvantages due to the cost opportunity in comparison to similar economies in Latin America. This research conducts a theoretical and empirical approach. It uses an adapted estimated model and econometric techniques in order to understand the positive contribution of FDI to the economic growth specifically in the case of Ecuador. In addition, it provides a precise interpretation of its interaction with human capital, capital accumulation and transfer of technology. Finally, this research provides enough evidence and suggestions to modify governmental policies to promote foreign direct investment as a way to develop the country.
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- Special Graduate Schools > Graduate School of International Studies > Department of International Trade > 3. Theses(Master)
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