TY  - JOUR
AB  - Purpose This paper aims to examine the link among foreign direct investment (FDI), domestic credit expansion and economic growth for six Pacific Island countries.Design/methodology/approach Using panel data over 1982-2011, the authors relate the interaction between domestic credit to private sector and FDI to its impacts on output. This study makes use of panel cointegration and the generalized method of moments estimators.Findings The empirical results generally show that FDI and domestic credit to private sector serve as substitutes to promote output in these small economies. Such findings are robust to a number of sensitivity tests.Originality/value This study contributes to the literature by examining the interaction between domestic credit to private sector and FDI and its impact on output in small Pacific Island economies.
VL  - 34
IS  - 3
SN  - 1086-7376
DO  - 10.1108/SEF-02-2016-0044
UR  - https://doi.org/10.1108/SEF-02-2016-0044
AU  - Chen Hong
AU  - Singh Baljeet
PY  - 2017
Y1  - 2017/01/01
TI  - Output impacts of the interaction between foreign direct investment and domestic credit: Case study of Pacific Island countries
T2  - Studies in Economics and Finance
PB  - Emerald Publishing Limited
SP  - 331
EP  - 343
Y2  - 2024/05/06
ER  -